Florida VA Benefits for FL Veterans. This page is devoted to benefits available to Florida veterans from the Florida Department of Veterans Affairs (FDVA). If you are looking for information on VA compensation and/or pension in FL I have a separate page on that subject.
Conventional Loan Debt-to-Income Ratios. Generally, the maximum debt-to-income ratio (DTI) for a conventional loan is 43%. However, exceptions can be made for DTIs as high as 50% with strong compensating factors like high credit and/or lots of cash reserves.
The amount of money you owe versus the amount you bring home is called your debt-to-income ratio, or DTI. Your DTI is the percentage of your monthly gross income that goes toward paying debts. Generally speaking, you donât want a DTI higher than about 40%. If your DTI is too high, lenders may worry you canât afford to make the monthly mortgage payments.