What is Debt To Income Ratio?
Dated: August 23 2024
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Remember third-grade math when they taught us about ratios? No? Don’t worry, they’re not too bad. And this is one ratio you definitely want to know because it determines just how much mortgage you get.
Your debt to income ratio, or DTI, is just what it sounds like: it’s your monthly debt compared to your before-tax monthly income. Debt includes things like your mortgage, any loans, credit card payments, basically anything that would show up on your credit report.
Lenders like to see a DTI that’s under 36%, with no more than 28% going to your mortgage/housing costs. There’s a little bit of wiggle room here, but most lenders will not give you a mortgage if your DTI is over 43%.
If you’re not quite in that range, you have 2 options:
1. Decrease your debt
2. Increase your income
It’s usually easiest to comb through your monthly budget and get rid of all the unnecessary extras, then use that money towards paying down your debt.
Bonus: paying down your debt will boost your credit score too!
Have any questions about DTI or about getting qualified for a mortgage? Send me a DM.
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Stacy Vidro
Vidro Realty Group, led by Stacy Vidro, specializes in marketing and negotiating luxury homes, waterfront properties, and high-value real estate in Palm Beach County, Florida. Originally from New Yo....
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Updated on September 24, 2026 7:44 AM UTC
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
