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Financing in 17313 : Real Estate Advice

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Activity 2
Thu Nov 6, 2014
Keith Landis answered:
FHA debt ratios are the most flexible of all loan programs with allowable ratios over 50%. If we are able to get an Approval through an Automated Underwriting System then you are good to go. This can be done prior to selecting a home. I can help with this.

Keith Landis
Pennsylvania Mortgages
412-726-1654

NMLS#137243
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Sat Mar 3, 2012
Lucytinaa answered:
The front-end DTI ratio represents the relationship between a new housing expense and your gross monthly income. The FHA has a benchmark front-end ratio of 31 percent. Your new housing payment, including principal, interest, property taxes, homeowners insurance and mortgage insurance, commonly referred to as PITI, may not exceed 31 percent of your gross income.

Web Reference : http://fhamortgageinfo.com/
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