The Federal National Mortgage Corporation recommends than your housing expenses not exceed what percentage of your gross monthly income?

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The Federal National Mortgage Corporation, commonly known as Fannie Mae, generally recommends that housing expenses, including mortgage payments, property taxes, and insurance, should not exceed 28% of a borrower's gross monthly income. This is known as the "28/36 rule". The rule also suggests that total debt payments should not exceed 36% of a borrower's gross monthly income. Exceeding these percentages can lead to financial strain and difficulty in making mortgage payments.

The Federal National Mortgage Corporation Recommends Than Your Housing Expenses