Finance
The total debt-to-income (DTI) ratio used by most conventional lenders in Wyoming is most commonly capped at approximately:
A28%
B36%
C43%✓ Correct
D50%
Explanation
Most conventional lenders and Fannie Mae/Freddie Mac guidelines use a maximum DTI of 43% (total debt payments including the proposed housing payment divided by gross monthly income). Some loans allow up to 50% with compensating factors.
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