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The lender's underwriting criteria would accept a housing expense to income ratio of 33% and a ratio of total debt service of up to a maximum of 38% of monthly gross income. The applicant has an outstanding college loan payable at the rate of $150 per month and a car payment of $450 monthly. Gross annual income is established at $100,000 per annum. What is the maximum PITI the lender will approve?

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The lender's underwriting criteria would accept a housing expense to income ratio of 33% and a ratio of total debt service of up to a maximum of 38% of monthly gross income. The applicant has an outstanding college loan payable at the rate of $150 per month and a car payment of $450 monthly. Gross annual income is established at $100,000 per annum. What is the maximum PITI the lender will approve?






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