Lowering debt to income ratio to qualify for a mortgage

Debt to income ratio is the sum of the monthly minimum payments divided by the monthly gross income of borrowers:
🟢 There are two types of debt to income ratios
🟢 Front end debt to income ratio
🟢 Back end debt to income ratio
🟢 The front end debt to income ratio is also called the housing debt to income ratio
🟢 Front end DTI is the principal, interest, taxes, and insurance
🟢 If the property has other expenses such as homeowners association dues and flood insurance, then the front end DTI is the PITI plus the HOA and 🟢 Flood Insurance divided by borrowers monthly gross income
🟢 The back end debt to income ratio is the housing expenses plus any other monthly expenses divided by the borrower’s gross monthly income
The maximum front-end debt to income ratio allowed by HUD on FHA Loans is 46.9% to get AUS Approval on AUS. The maximum back-end debt to income ratio allowed on FHA Loans is 56.9% to get an approve/eligible per AUS. Borrowers need to meet the above debt-to-income ratio requirements in order for automated approval.
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[@kathysteffek879]

Good video, Alex.

[@md0246]

2 questions.
1. Will a SBA EIDL loan for the business and paid monthly by the business be included in your DTI by the underwriter?
2. Will federal installment payments to the irs(no tax lien) be included in DTI if it's for the business and being paid by the business?