There is also a three-digit code number assigned to each currency, in the same manner as there is also a three-digit code number assigned to each country as part of ISO 3166. This numeric code is usually the same as the ISO 3166-1 numeric code.
This calculator uses these guidelines for determining how much house you can afford, which are similar to common underwriting criteria that mortgage lenders use. 1  Your total mortgage payment should be no more than 28 percent of your gross monthly income.
To decide if you meet current FHA home Loan requirements for approval, lenders will look at: 1  Your monthly income and your current monthly expenses. 2  Standard FHA loan requirement debt-to-income ratios are 31/43. 3  These ratios may be exceeded with compensation factors.