Florida VA Benefits for FL Veterans. This page is devoted to benefits available to Florida veterans from the Florida Department of Veterans Affairs (FDVA). If you are looking for information on VA compensation and/or pension in FL I have a separate page on that subject.
Conventional Loan Debt-to-Income Ratios. Generally, the maximum debt-to-income ratio (DTI) for a conventional loan is 43%. However, exceptions can be made for DTIs as high as 50% with strong compensating factors like high credit and/or lots of cash reserves.
PMI is private mortgage insurance, and insures the lender against loan failure on a conventional loan. This charge can be paid in several ways: monthly, one time financed premium, one time cash premium, or a split of the two.The amount depends on the down payment, loan term, and credit score of the buyer.MI is private mortgage insurance, and insures the lender against loan failure on a conventional loan. This charge can be paid in several ways: monthly, one time financed premium, one time cash premium, or a split of the two.