FHA Debt-to-Income Ratio Limits
Guidelines, Calculations, and Tips for Homebuyers Quick Summary:Understanding the FHA’s debt-to-income (DTI) ratio limits is essential for homebuyers seeking an FHA loan. This article explains the role of DTI in FHA loan approval, provides guidance on calculating it, and offers tips for improving your DTI ratio to meet FHA requirements. FHA’s flexible DTI limits, along with exceptions for certain qualifying factors, make it an attractive option for first-time buyers and those with higher debt levels. What is Debt-to-Income (DTI) Ratio? The debt-to-income (DTI) ratio is a crucial metric used by …
