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.
If your DTI is 55% of your gross income and your taxes are another 35% of your gross income that only leaves about 10% of your income to pay for food, clothing, utilities, gas etc. Following are some of the recommened debt to income ratio guidelines for the most common types of mortgage loan programs: