Sign Up For Our Newsletter
Summit Lending - A Direct Mortgage Lender

Summit Lending Home Loans Mortgages Orange County
A Direct Mortgage Lender

Free Home Loan Mortage Seminar

Quick Contact

Quick Contact

Purchase Loans Refinances FHA & VA Loans
Conventional & Jumbo Loans

What Is Debt to Income Ratio for A Home Loan?

Back to all FAQs

Debt to Income ratio, is also known at DTI. This figure, presented as a percentage, is arrived at by determining your monthly debt payments (credit cards, mortgages, car payments, student loans, etc) then dividing that figure by your monthly income. If your monthly debt payments for example are $3,000, and your earnings are $6,000, your DTI would be 50%. Many lenders prefer to see a DTI of less than 43%, but if your DTI is over that, it does not mean that you can't get a loan. Speak with an experienced mortgage professional to learn more.