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.
Definition: Conventional loans are just between you and the lender. In other words, the payments aren't guaranteed by either the Federal Housing Administration (FHA) or the Veterans Administration (VA). Therefore, banks impose more stringent requirements. They often require 10-20% of the total home value as a downpayment.