Debt-to-Income Ratio (DTI)

Your debt-to-income (DTI) ratio is your total monthly debt payments (including your housing payment, car payment, credit card payments, etc.) divided by your monthly gross income, expressed as a percentage. The FHA usually requires that your monthly mortgage payment be no more than 29% of your monthly gross income (meaning your income before taxes), and that your DTI ratio not exceed 41% of your monthly gross income.

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