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Qualification Ratios

Definition of "Qualification Ratios"

Rosemarie Ledogar
  Keller Williams Realty Fort Mill

Requirements stipulated by the lender that the ratio of housing expense to
borrower income and the ratio of housing expense plus other debt service to borrower income cannot
exceed specified maximums, e.g., 28% and 35%. These may reflect the maximums specified by Fannie Mae
and Freddie Mac; they may also vary with the loan-value ratio and other factors.

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