One of the key financial metrics for lenders is the debt-to-income (DTI) ratio. The debt-to-income ratio is an underwriting guideline that looks at the relationship between your gross monthly income and your major monthly debts, giving VA lenders an insight into your purchasing power and your ability to repay debt.
Time Stamps
0:21 - Two Types of Debt-to-Income Ratio (DTI)
0:40 - DTI Caps
1:02 - Calculating DTI
2:10 - Real World Example
3:23 - Qualifying Income
4:24 - Dividing Line
4:54 - Residual Income Guidelines
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