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.
Private mortgage insurance (PMI) is a type of mortgage insurance used with conventional loans. Like other kinds of mortgage insurance, PMI protects the lenderânot youâif you stop making payments on your loan. PMI is arranged by the lender and provided by private insurance companies.