Finance
A Connecticut homebuyer with a debt-to-income ratio of 48% is most likely to:
AEasily qualify for a conventional mortgage
BHave difficulty qualifying for many conventional loans, which typically require 43-45% or less✓ Correct
CAutomatically receive FHA financing
DBe exempt from DTI requirements
Explanation
Conventional loans typically require total DTI of 43-45% or less (with exceptions up to 50% with compensating factors). A 48% DTI may disqualify the borrower from many programs or require additional documentation.
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