FIND OUT HOW MUCH HOME YOU CAN AFFORD RIGHT NOW!
Know exactly what you can afford before you start searching for a home.
Do I Qualify?
To qualify for a mortgage, lenders typically require that you have a debt-to-income ratio of "43/49."
This means that no more than 43% of your total monthly income (from all sources, before taxes) can go toward your new mortgage payment, and no more than 49.99% of your monthly income can go toward your total monthly debt (including your mortgage payment).
VA and FHA loans even allow for higher debt ratios on a case by case basis.
Contact Info
Address:
41040 US Highway 27 Suite 1
Davenport, FL 33837
Call: (407) 605 3111
Email: [email protected]
NMLS: 194920 Corp NMLS: 1835856
With over 30 years combined experience in the mortgage and real estate industries
The content provided within this website is presented for information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply. Mortgage loans may be arranged through third party providers.Applicants should not assume that any debt will be eliminated by refinancing or paying on balances since the debts are consolidated into a new loan. Reduction in payments may reflect longer loan terms and your total finance charges may be higher over the life of the loan. The actual amount of savings may vary.These products may have a higher interest rate, more points or more fees than other products requiring documentation
FLO Mortgage is not affiliated with an agency of the federal government, HUD or FHA. THIS IS NOT A GOVERNMENT DOCUMENT. HUD OR FHA did not distribute or approve this material.
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