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Contact David Ellis

If you have any questions or need more detailed information, please feel free to contact me via phone at 435-862-9199 or fill out the form to let us know how we can help with your real estate needs.

Office Location 1224 S River Rd, Ste A-200,
St George, UT 84790
Office: 435-674-6024
Cell: 435-862-9199
Fax: 866-476-5314

Debt to Income Ratio in St George, Utah

The lender considers your debt-to-income ratio, which is a comparison of your gross (pre-tax) income to housing and non-housing expenses. Non-housing expenses include such long-term debts as car or student loan payments, alimony, or child support. According to the FHA,monthly mortgage payments should be no more than 29% of gross income, while the mortgage payment, combined with non-housing expenses, 4 should total no more than 41% of income. The lender also considers cash available for down payment and closing costs, credit history, etc. when determining your maximum loan amount.

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