•Ratios are “guidelines” that
lenders use for qualification purposes.
As a general rule front ratios (monthly housing obligation) can
be 35-38% and back ratios (also including other monthly
debt obligations) can be 40-45%.
•Examples of back ratios include
student loans, car payments, credit cards,etc…
•Do not take out any other loans
or debt until you speak to your loan professional.It can cause you to not qualify for the house
loan