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Help !!! Can’t get anymore wrong

Help !!! Can’t get anymore wrong-example-1

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Answer:

FHA Which is 30% of his gross monthly income.

I have seen FHA go as high a 34% of gross monthly income but that was with a larger down payment rather than the minimum of 3.5%.

With a Freddie/Fannie the maximum payment would be $1,188 PITI.

Freddie/Fannie will go to 36% of gross monthly income because of the 20% down payment. They would also go with a higher ratio with a larger down payment.

Explanation:

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