Your total monthly debt payments divided by your gross monthly income. The Goal: Most lenders prefer a DTI ratio of 43% or lower.
No recent bankruptcies, foreclosures, or major late payments. ⚖️ Debt-to-Income (DTI) Ratio what qualifies you to buy a house
You’ll need recent pay stubs, W-2s, and tax returns. Your total monthly debt payments divided by your
💡 Qualification isn't just about having the money; it’s about proving you can handle the monthly commitment over the long term. To give you more specific advice, could you tell me: Are you a first-time homebuyer ? What state or city are you looking in? Do you have a specific price range in mind? ⚖️ Debt-to-Income (DTI) Ratio You’ll need recent pay
This includes your future mortgage, car loans, and student debt. ✅ Pre-Approval Status
A lender has reviewed your finances and committed to a loan amount.
A score of 620 is usually the minimum for conventional loans.