Veterans United's video: VA Loans Debt-to-Income DTI Ratio

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 Watch the entire VA Loan Guide to Homebuying here: https://www.youtube.com/playlist?list=PLqOgmUZWNUP76GpMSbXTx-KNfJljUSUFk Learn more about Debt-to-Income Ratio: https://www.veteransunited.com/education For more tips, follow us on: Facebook: https://www.facebook.com/vuhomeloans/ Twitter: https://twitter.com/VeteransUnited Instagram: https://www.instagram.com/veteransunited TikTok: https://www.tiktok.com/@veteransunited VeteransUnited.com | 1-800-884-5560 | 1400 Veterans United Drive, Columbia, MO 65203 Veterans United Home Loans NMLS (www.nmlsconsumeraccess.org). A VA approved lender; Not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency. Licensed in all 50 states. For state licensing information, please visit www.veteransunited.com/Licenses. Equal Opportunity Lender