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 a borrowerâs DTI exceeds 43 percent, lenders will be required to manually underwrite the loan.â Translation: If a mortgage applicant has a credit score below 620, and a DTI ratio above 43%, it will send up a red flag in the FHAâs automated underwriting system (TOTAL Scorecard).