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.
Mortgage insurance comes in two âflavorsâ based on the type of loan: 1  Private mortgage insurance, or PMI, is applied to conventional home loans with an LTV ratio above 80%. 2  Mortgage insurance, or MI, is required for all government-insured FHA loans (which allow for an LTV ratio of up to 96.5%).