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NEWBRIDGE HOME LOANS
 
My Debt to Income

Monthly Debt Payments
Monthly mortgage or rent:
Minimum monthly credit card payments:
Monthly car loan payments:
Other loan obligations:
Annual Income
Annual gross salary:
Bonuses and overtime:
Other income:
Alimony received:
  Result
Total Monthly Debt Payments
Gross Monthly Income
Mortgage Debt to Income Ratio %

Standard Mortgage Ratios/DTI ratios

Mortgage lenders/companies consider 2 ratios - Housing Ratio and Mortgage Debt Ratio (Mortgage Income to Debt ratio or Mortgage Debt to Income ratio) before they offer you the loan. Often both the Housing Ratio and Mortgage Debt to Income ratio are collectively known as the DTI Ratios or Mortgage Ratios.

The standard DTI Ratios for conventional loans are 36% (Mortgage Debt Ratio) and 28% (Housing Ratio). However, for FHA loans, the Mortgage Debt to Income Ratio is 41% and Housing ratio is 29%. It's important that your Mortgage Income to debt Ratio and Housing Ratio are well within the standard values. Otherwise, chances are that you may not qualify for the loan.