{"id":5723,"date":"2025-09-23T18:14:31","date_gmt":"2025-09-23T18:14:31","guid":{"rendered":"https:\/\/cityviewmortgage.com\/?page_id=5723"},"modified":"2025-09-23T18:17:03","modified_gmt":"2025-09-23T18:17:03","slug":"debt-to-income-ratio","status":"publish","type":"page","link":"https:\/\/cityviewmortgage.com\/?page_id=5723","title":{"rendered":"Debt-to-Income Ratio"},"content":{"rendered":"<div data-colibri-id=\"5723-c1\" class=\"style-1715 style-local-5723-c1 position-relative\">\n  <!---->\n  <div data-colibri-component=\"section\" data-colibri-id=\"5723-c2\" id=\"about\" class=\"h-section h-section-global-spacing d-flex align-items-lg-center align-items-md-center align-items-center style-1716 style-local-5723-c2 position-relative\">\n    <!---->\n    <!---->\n    <div class=\"h-section-grid-container h-section-boxed-container\">\n      <!---->\n      <div data-colibri-id=\"5723-c3\" class=\"h-row-container gutters-row-lg-0 gutters-row-md-0 gutters-row-0 gutters-row-v-lg-0 gutters-row-v-md-0 gutters-row-v-0 style-1717 style-local-5723-c3 position-relative\">\n        <!---->\n        <div class=\"h-row justify-content-lg-center justify-content-md-center justify-content-center align-items-lg-stretch align-items-md-stretch align-items-stretch gutters-col-lg-0 gutters-col-md-0 gutters-col-0 gutters-col-v-lg-0 gutters-col-v-md-0 gutters-col-v-0\">\n          <!---->\n          <div class=\"h-column h-column-container d-flex h-col-lg-auto h-col-md-auto h-col-auto style-1718-outer style-local-5723-c4-outer\">\n            <div data-colibri-id=\"5723-c4\" class=\"d-flex h-flex-basis h-column__inner h-px-lg-0 h-px-md-0 h-px-0 v-inner-lg-0 v-inner-md-0 v-inner-0 style-1718 style-local-5723-c4 position-relative\">\n              <!---->\n              <!---->\n              <div class=\"w-100 h-y-container h-column__content h-column__v-align flex-basis-100 align-self-lg-start align-self-md-start align-self-start\">\n                <!---->\n                <div data-colibri-id=\"5723-c6\" class=\"h-global-transition-all h-heading style-1720 style-local-5723-c6 position-relative h-element\">\n                  <!---->\n                  <div class=\"h-heading__outer style-1720 style-local-5723-c6\">\n                    <!---->\n                    <!---->\n                    <h2 class=\"\">Debt-to-Income\n                      <br>Ratio<\/h2>\n                  <\/div>\n                <\/div>\n                <div data-colibri-id=\"5723-c7\" class=\"h-text h-text-component style-1721 style-local-5723-c7 position-relative h-element\">\n                  <!---->\n                  <!---->\n                  <div class=\"\">\n                    <p>The debt to income ratio is a tool lenders use to determine how much money is available for your monthly home loan payment after you meet your other monthly debt payments.<\/p>\n                    <h4>How to figure your qualifying ratio<\/h4>\n                    <p>For the most part, underwriting for conventional loans requires a qualifying ratio of <strong>28\/36<\/strong>. An FHA loan will usually allow for a higher debt load, reflected in a higher <strong>(29\/41)<\/strong> qualifying ratio.<\/p>\n                    <p>The <strong>first number<\/strong> in a qualifying ratio is the maximum percentage of gross monthly income that can be applied to housing costs (this includes loan principal and interest, PMI, homeowner&#8217;s insurance, property tax, and\n                      homeowners&#8217; association dues).<\/p>\n                    <p>The second number in the ratio is what percent of your gross income every month which can be spent on housing costs and recurring debt. Recurring debt includes car loans, child support and credit card payments.<\/p>\n                    <h4>For example:<\/h4>\n                    <p><strong>28\/36 (Conventional)<\/strong><\/p>\n                    <ul>\n                      <li>Gross monthly income of $3,500 x .28 = $980 can be applied to housing<\/li>\n                      <li>Gross monthly income of $3,500 x .36 = $1,260 can be applied to recurring debt plus housing expenses<\/li>\n                    <\/ul>\n                    <p><strong>With a 29\/41 (FHA) qualifying ratio<\/strong><\/p>\n                    <ul>\n                      <li>Gross monthly income of $3,500 x .29 = $1,015 can be applied to housing<\/li>\n                      <li>Gross monthly income of $3,500 x .41 = $1,435 can be applied to recurring debt plus housing expenses<\/li>\n                    <\/ul>\n                    <p>\n                      <br>\n                    <\/p>\n                  <\/div>\n                <\/div>\n              <\/div>\n            <\/div>\n          <\/div>\n          <div class=\"h-column h-column-container d-flex h-col-lg-auto h-col-md-auto h-col-auto style-1722-outer style-local-5723-c8-outer\">\n            <div data-colibri-id=\"5723-c8\" class=\"d-flex h-flex-basis h-column__inner h-ui-empty-state-container h-px-lg-2 h-px-md-2 h-px-2 v-inner-lg-2 v-inner-md-2 v-inner-2 style-1722 style-local-5723-c8 position-relative\">\n              <!---->\n              <!---->\n              <div class=\"w-100 h-y-container h-column__content h-column__v-align flex-basis-100\">\n                <!---->\n              <\/div>\n            <\/div>\n          <\/div>\n        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Debt-to-Income Ratio The debt to income ratio is a tool lenders use to determine how much money is available for your monthly home loan payment after you meet your other monthly debt payments. How to figure your qualifying ratio For the most part, underwriting for conventional loans requires a qualifying ratio of 28\/36. An FHA [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/full-width-page.php","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-5723","page","type-page","status-publish","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cityviewmortgage.com\/index.php?rest_route=\/wp\/v2\/pages\/5723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cityviewmortgage.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/cityviewmortgage.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/cityviewmortgage.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cityviewmortgage.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5723"}],"version-history":[{"count":2,"href":"https:\/\/cityviewmortgage.com\/index.php?rest_route=\/wp\/v2\/pages\/5723\/revisions"}],"predecessor-version":[{"id":5728,"href":"https:\/\/cityviewmortgage.com\/index.php?rest_route=\/wp\/v2\/pages\/5723\/revisions\/5728"}],"wp:attachment":[{"href":"https:\/\/cityviewmortgage.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}