Front-End Ratios
May
21
The front-end ratio for a FHA loan is 31%. For a conforming conventional loan, the front-end ratio is 33%. This means if your monthly gross income is $4,000, to qualify for the maximum FHA loan, your monthly principal, interest, taxes and insurance (PITI) payment can not exceed $1,240. For a conventional loan, it is $1,320.
No tags
Lindbergh Field, CA
"VA Loan amount increases from a maximum of $417,000 to $537,500 in San Diego! Veterans can now buy a home for 0 down up to $537,500!!!"
Stay Socially Connected