3 Things You Need That will Determine How You Qualify For Your Loan Debt To Income (DTI) This is your monthly Debt Payment divided by your Monthly Gross Income.
•	Monthly Debt payments total $1,000 and the Monthly Gross Income is $5,000. The $1,000 divided by $5,000 = .20 or 20% DTI.
•	Maximum DTI can be up to 55% if the borrower has money in the bank or additional compensating factors.
•	Conforming Loans usually allow a maximum of 50% DTI.

Loan To Value This is calculated by taken the Loan Amount borrowed divided by the Value of the home.
•	Loan amount $180,000 the value of the property is $200,000. The LTV= $180,000 divided by $200,000= .90 or 90%LTV
•	Conforming Maximums are 100% on purchases in approved areas.
•	Refinances are allowed at 95% LTV
•	Cash-Out Refinances are allowed up to 95%.

Credit Score Your credit score Is basically a story of the payment history of the how you have paid your loans. Call us today so that we may assist you in obtaining your credit score.