The affordability ratios used to qualify applicants for Federal Housing Administration and Veteran Allowance loans are more stringent than those used for conventional loans.

Name: The affordability ratios used to qualify applicants for Federal Housing Administration and Veteran Allowance loans are more stringent than those used for conventional loans.
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The affordability ratios for FHA and VA loans are generally more lenient compared to conventional loans, allowing for higher debt-to-income ratios.

The Affordability Ratios Used to Qualify Applicants for Federal Housing