mortgage

45% Max DTI — Conventional 3.5% Min Down — FHA 20% Down to Avoid PMI ~1% Typical PMI / Year The Rule Lenders Actually Use The old “28/36 rule” you’ll read about on many sites is outdated. Modern conventional lenders (Fannie Mae, Freddie Mac) approve loans up to a 45% back-end debt-to-income ratio — meaning…