Mortgages

Put simply, DTI is a mathematical way to compare your monthly debt payments vs. your monthly income.

If you’re a first-time homebuyer feeling worried by the 20% down payment guidance commonly quoted, know that a down payment can actually be much lower—for example, 3% to 5% depending on loan type. Here’s how it works.

Mortgage lenders use specific credit scores—here are the minimum credit scores you need for a variety of mortgage types.