FHA QUALIFYING SNAPSHOT
Can this payment fit your income?
47% / 57%WHAT DEBTS SHOULD I INCLUDE? +
Use required monthly payments that report on credit, including auto loans, credit cards, mortgages, student loans and other installment loans. Other obligations may also need to be counted after a complete review.
WAITING FOR INCOMEHOUSING RATIOENTER INCOMEPlanning range up to 47%WAITING FOR INCOMETOTAL DEBT RATIOENTER INCOMEPlanning range up to 57% FHA planning guidelines may allow housing ratios up to 47% and total debt ratios up to 57% with qualifying automated underwriting system (AUS) findings. These are not automatic approval limits. Credit, income, assets, reserves, payment history, compensating factors, property eligibility and the complete loan file must be reviewed. All financing is subject to approval and applicable requirements.
PLANNING DISCLAIMERS
Planning estimate only. Not a quote, approval, commitment to lend, APR, or Loan Estimate. Each program’s opening rate uses the latest available 30-year Mortgage News Daily (MND) daily index and remains editable; it is not a rate offer or lock. MND does not publish a USDA-specific index, so USDA uses a clearly labeled planning proxy equal to the average of MND’s FHA and VA indexes. Default property taxes are estimated at 0.60% of purchase price and homeowners insurance at 0.30%; both are editable and actual amounts may differ materially. Conventional MI uses a simplified borrower-paid monthly estimate for a 760+ FICO, 30-year fixed, one-unit primary residence; actual MI varies by insurer, coverage, credit, DTI, occupancy, property, loan characteristics, and market pricing. Conventional and Jumbo county checks use official 2026 FHFA one-unit conforming limits. FHA county checks use official 2026 HUD one-unit loan limits; FHA purchase modeling uses a 96.5% maximum purchase base-loan LTV, 0.55% annual MIP above 95% LTV and 0.50% at or below 95% LTV, plus 1.75% upfront MIP, which may be financed or paid at closing. FHA monthly MIP uses HUD’s first-year annual average outstanding balance method. The optional FHA solar and/or battery field models eligible energy improvements at up to 20% of purchase price for early planning only; the property, improvements, value, documentation, program calculation, lender approval, and final eligible amount must be verified. USDA modeling uses a 1.00% upfront guarantee fee and 0.35% annual fee; income, property-location, occupancy, and program eligibility apply. VA purchase funding-fee modeling uses the official first-use/subsequent-use and down-payment tiers; the fee may be financed or paid at closing, and exemption must be confirmed by VA. VA loans do not require monthly MI. Jumbo modeling defaults to no monthly MI because many jumbo programs do not use it and remains subject to investor guidelines. County selection is for planning only; property location, unit count, agency rules, and lender verification control. Taxes, insurance, HOA, rates, fees, closing costs, and eligibility vary.
