Debt To Income Ratio To Buy A House -

The percentage of your gross monthly income used to pay all monthly debt obligations, including your new mortgage, car loans, student loans, and credit card minimums. Ideal: 36% or lower. Maximum DTI by Loan Program (2026)

Lenders evaluate two specific ratios to determine affordability: debt to income ratio to buy a house

The maximum allowable DTI varies significantly depending on the loan type you choose: Understanding Debt-to-Income Ratio - Citizens Bank The percentage of your gross monthly income used

The percentage of your gross monthly income that goes strictly toward housing costs, including mortgage principal, interest, taxes, and insurance (PITI). Ideal: 28% or lower. including your new mortgage