Finance
What is the debt-to-income ratio that most conventional lenders use as a maximum 'back-end' ratio for Virginia borrowers?
A28%
B36%
C43%✓ Correct
D50%
Explanation
Most conventional lenders use 43% as the maximum total (back-end) debt-to-income ratio, meaning all monthly debt obligations should not exceed 43% of gross monthly income.
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