Credit & DTI
What debt-to-income ratio do I need to qualify for a mortgage?
Context
DTI is one of the core numbers lenders use to decide how much you can borrow.
The short answer
Debt-to-income (DTI) is your monthly debt payments divided by gross monthly income. Many conventional loans target a DTI around 43–45%, though some programs and strong compensating factors allow higher.
Things to keep in mind
FHA can be more flexible, and exact limits vary by lender and program.
Next step
Because DMF shops multiple lenders, we can often find a program that fits your DTI when one lender says no — contact us to check your numbers.
Have a question about your own situation?
DMF serves Minnesota homebuyers and homeowners by shopping your purchase or refinance file across multiple wholesale lenders — not a single bank's product menu.
Davis Monroe Financial, LLC is a mortgage broker, not a lender. We do not make credit decisions or fund loans. Rate locks are issued by the lender; we submit and manage lock requests on your behalf. All loans are subject to credit approval. Rates and terms are subject to change without notice.