What is Debt-to-Income Ratio (DTI)?

Debt-to-Income Ratio (DTI) Definition

A ratio that states the amount of money owed compared to income. Calculated monthly, it is used to help make lending decisions. Generally speaking, lenders like to see a low ratio, as high ratios nearing 50% or greater create statistical risk.

If you’d like to learn more, simply fill out the form below and a friendly FHA Streamline Refinance specialist will get in touch!