In the meantime, FHA (3.5%) allows 29% of your gross income towards housing and a max debt to income ratio of 41%. The latter is computed by adding minimum monthly loan payments + housing + outgoing alimony / child support.
Lending has many guidelines for allowable income. Best to check with mortgage lender for current and factual info respectful of your particular circumstances.
Brock Realty Inc.
Real estate online and on your mind?
Youâ€™re entitled to experience the difference.
Proven track record, VIP service with five star results!
Invest by calling for your smoothest transaction ever at your best negotiated price.
Sold on joining our list of satisfied clients?
Key trends and current inventory LEARN MORE.
http://www.brockrealty-inc.com Search like an agent. MLS listings updated daily. Save favorite searches, receive morning line reports.