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re: Credit Score Questions - Future home and car purchase
Posted on 8/11/16 at 11:42 am to Jag_Warrior
Posted on 8/11/16 at 11:42 am to Jag_Warrior
All mortgage lenders/programs go off gross income. Not a single one is net.
1
Posted on 8/11/16 at 12:10 pm to Sacrifice_blunts
Sounds good. Thanks for the update. The FHA/VHDA program used to be calculated off net income. I have no knowledge of when that changed.
I see that the FHA/HUD guideline for debt to gross income is 31/43. I assume that's up to date.
I see that the FHA/HUD guideline for debt to gross income is 31/43. I assume that's up to date.
This post was edited on 8/11/16 at 12:11 pm
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