$36k per year and student loan debt. Mortgage?
I would like to apply for an FHA loan. I make $36k per year. Based on the debt to income ratio, whats the max student loan debt (dollar amount) that I could have to still be considered for a loan? I have no other debts at the moment.Just want to clarify...I don't want to know the max of the loan that I will qualify for. I'd like to know how much student loan debt am I 'allowed' to carry and still be considered for a loan. I understand the debt to income ratio is 40%? Is that right?Thank you, Sharon!
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