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.
How do I Qualify for a Florida Mortgage Refinance on a Conventional Loan? You will need a credit score of 640 or higher to refinance a conventional loan and the maximum loan to value ratio on a first mortgage is 95%. If you have a first and second mortgage, the maximum loan to value ratio is 85%.