Front-end ratio (housing ratio)
Monthly housing costs (principal, interest, property tax, insurance, PMI/MIP, HOA) divided by gross monthly income. Conventional lenders typically cap this at 28%; FHA allows up to 31%.
Monthly housing costs (principal, interest, property tax, insurance, PMI/MIP, HOA) divided by gross monthly income. Conventional lenders typically cap this at 28%; FHA allows up to 31%.