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.
- Calculate your Debt to income ratios or DTI used by mortgage lenders to determine your maximum loan amount. There are two main debt to income ratio forumlas; a) front-end DTI - which is your housing expense / income and b) back-end DTI - which is housing + monthly liabilities / income. The lower your debt to income ratio the better.