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FINDLAW LEGAL DICTIONARY

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Debt-To-Income Ratio

debt-to-income ratio

a comparison or ratio of gross income to housing and non-housing expenses; With the FHA, the-monthly mortgage payment should be no more than 29% of monthly gross income (before taxes) and the mortgage payment combined with non-housing debts should not exceed 41% of income.



Source: U.S. Department of Housing and Urban Development