Under the Dodd-Frank Act, a 'qualified mortgage' (QM) in Montana must comply with ability-to-repay requirements, including a maximum debt-to-income ratio of approximately:

Explanation

Under Dodd-Frank's ability-to-repay rules, a qualified mortgage generally requires a back-end debt-to-income ratio no greater than 43% (with some exceptions), ensuring borrowers can reasonably repay the loan.