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.
Lenders consider debt-to-income (DTI) ratios to calculate how much of a payment you can afford. There are two types of DTI ratios. The housing ratio, known as the front-end ratio, compares your monthly housing payment to your gross income; the back-end ratio compares your total recurring monthly debt to your income.