Solved: Lucerne earns a gross income of 5500 per month and applies, Basic Statistics

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Lucerne earns a gross income of 5500 per month and applies

Lucerne earns a gross income of $5,500 per month and applies for a mortgage with a monthly PITI of $1,244. Lucerne has other financial obligations totaling $829 per month. (Use the ratio guidelines from your text) What type of mortgage, if any, would Lucerne qualify for?

FHA only
FHA and Conventional
Conventional only
None

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Basic Statistics: Lucerne earns a gross income of 5500 per month and applies

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