{"id":131,"date":"2018-08-23T09:21:44","date_gmt":"2018-08-23T16:21:44","guid":{"rendered":"https:\/\/www.santiagofinancial.com\/blog\/?p=131"},"modified":"2020-10-20T00:21:03","modified_gmt":"2020-10-20T07:21:03","slug":"debt-and-housing-ratios-how-do-they-affect-your-loan","status":"publish","type":"post","link":"https:\/\/www.santiagofinancial.com\/de\/verschuldung-und-wohnverhaltnisse-wie-wirken-sie-sich-auf-ihr-darlehen-aus\/","title":{"rendered":"Verschuldung und Wohnverh\u00e4ltnisse - Wie wirken sie sich auf Ihr Darlehen aus?"},"content":{"rendered":"<p><em>Debt and housing ratios are two important factors taken into account when qualifying for a loan. In part one, we will explore housing ratios:<\/em><\/p>\n<p><strong>Housing Ratios (Front-End Ratios)<\/strong><\/p>\n<p>The housing ratio is used to assess how much income is needed in order to adequately repay your loan. Lenders will look at the housing ratio as a measure of risk. The higher the housing ratio is, the higher the risk that a buyer may default on payments on their loan. Typically, we try and keep the housing ratio\u00a0in a range of 32-35%.<\/p>\n<p>For manufactured homes, the housing ratio can be calculated using three different figures.<\/p>\n<ul>\n<li>Monthly home payment\u00a0(This includes: <strong>P&amp;I, <\/strong><strong>TAX IMPOUNDS \u00a0<\/strong>und <strong>INSURANCE IMPOUNDS<\/strong>.)<\/li>\n<li>Monthly space rent\u00a0(This amount will vary depending on the Mobile Home Park<\/li>\n<li>Gross monthly income (How much you make per month before taxes)<\/li>\n<\/ul>\n<p>With these three components, we can calculate what percentage of housing ratio you will have.<\/p>\n<p>For example, lets say your monthly home payment is $720 per month, your space rent is $800 per month.\u00a0We&#8217;ll use $4,350\u00a0as your income.\u00a0To find your housing ratio,\u00a0all you need to do is add, then divide.<\/p>\n<p>Housing Ratio (35%)=\u00a0\u00a0($720+$800)\u00a0 \u00f7 $4,350<\/p>\n<p>By looking at the diagram below, we can see how much income is needed to qualify at a 35% housing ratio.<\/p>\n<p><a href=\"https:\/\/blog.santiagofinancial.com\/wp-content\/uploads\/2018\/08\/0001-e1533587318585.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-134\" src=\"https:\/\/blog.santiagofinancial.com\/wp-content\/uploads\/2018\/08\/0001-e1533587318585.jpg\" alt=\"\" width=\"608\" height=\"467\" srcset=\"https:\/\/www.santiagofinancial.com\/wp-content\/uploads\/2018\/08\/0001-e1533587318585.jpg 3300w, https:\/\/www.santiagofinancial.com\/wp-content\/uploads\/2018\/08\/0001-e1533587318585-300x231.jpg 300w, https:\/\/www.santiagofinancial.com\/wp-content\/uploads\/2018\/08\/0001-e1533587318585-768x591.jpg 768w, https:\/\/www.santiagofinancial.com\/wp-content\/uploads\/2018\/08\/0001-e1533587318585-1024x788.jpg 1024w\" sizes=\"(max-width: 608px) 100vw, 608px\" \/><\/a><\/p>\n<p>If you want to find out how much of a monthly payment you can afford, simply take your income and multiply it by 35%.<\/p>\n<p>Lenders may allow for a higher ratio based on disposable income. For more information on disposable income, find out more about our loan\u00a0programs and to see if you qualify for a manufactured home loan, contact our office at 714-731-8080. You can also reach out to us via email at info@santiagofinancial.com<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>Debt and housing ratios are two important factors taken into account when qualifying for a loan. In part one, we will explore housing ratios: Housing Ratios (Front-End Ratios) The housing ratio is used to assess how much income is needed in order to adequately repay your loan. Lenders will look at the housing ratio as [&hellip;]<\/p>","protected":false},"author":1,"featured_media":71736,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Debt and Housing Ratios- How Do They Affect Your Loan? - Santiago Financial, Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.santiagofinancial.com\/de\/verschuldung-und-wohnverhaltnisse-wie-wirken-sie-sich-auf-ihr-darlehen-aus\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Debt and Housing Ratios- How Do They Affect Your Loan? - Santiago Financial, Inc.\" \/>\n<meta property=\"og:description\" content=\"Debt and housing ratios are two important factors taken into account when qualifying for a loan. In part one, we will explore housing ratios: Housing Ratios (Front-End Ratios) The housing ratio is used to assess how much income is needed in order to adequately repay your loan. Lenders will look at the housing ratio as [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.santiagofinancial.com\/de\/verschuldung-und-wohnverhaltnisse-wie-wirken-sie-sich-auf-ihr-darlehen-aus\/\" \/>\n<meta property=\"og:site_name\" content=\"Santiago Financial, Inc.\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/santiagofinancial\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-23T16:21:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-20T07:21:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.santiagofinancial.com\/wp-content\/uploads\/2019\/05\/sfis-37-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1279\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Santiago Financial, Inc.\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Verfasst von\" \/>\n\t<meta name=\"twitter:data1\" content=\"Santiago Financial, Inc.\" \/>\n\t<meta name=\"twitter:label2\" content=\"Gesch\u00e4tzte Lesezeit\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 Minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.santiagofinancial.com\/debt-and-housing-ratios-how-do-they-affect-your-loan\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.santiagofinancial.com\/debt-and-housing-ratios-how-do-they-affect-your-loan\/\"},\"author\":{\"name\":\"Santiago Financial, Inc.\",\"@id\":\"https:\/\/www.santiagofinancial.com\/#\/schema\/person\/1bdd5b18098de4c976391e5ae0f1a3a6\"},\"headline\":\"Debt and Housing Ratios- How Do They Affect Your Loan?\",\"datePublished\":\"2018-08-23T16:21:44+00:00\",\"dateModified\":\"2020-10-20T07:21:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.santiagofinancial.com\/debt-and-housing-ratios-how-do-they-affect-your-loan\/\"},\"wordCount\":305,\"publisher\":{\"@id\":\"https:\/\/www.santiagofinancial.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.santiagofinancial.com\/debt-and-housing-ratios-how-do-they-affect-your-loan\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.santiagofinancial.com\/wp-content\/uploads\/2019\/05\/sfis-37-2.jpg\",\"articleSection\":[\"Uncategorized\"],\"inLanguage\":\"de-DE\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.santiagofinancial.com\/debt-and-housing-ratios-how-do-they-affect-your-loan\/\",\"url\":\"https:\/\/www.santiagofinancial.com\/debt-and-housing-ratios-how-do-they-affect-your-loan\/\",\"name\":\"Debt and Housing Ratios- How Do They Affect Your Loan? - Santiago Financial, Inc.\",\"isPartOf\":{\"@id\":\"https:\/\/www.santiagofinancial.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.santiagofinancial.com\/debt-and-housing-ratios-how-do-they-affect-your-loan\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.santiagofinancial.com\/debt-and-housing-ratios-how-do-they-affect-your-loan\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.santiagofinancial.com\/wp-content\/uploads\/2019\/05\/sfis-37-2.jpg\",\"datePublished\":\"2018-08-23T16:21:44+00:00\",\"dateModified\":\"2020-10-20T07:21:03+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.santiagofinancial.com\/debt-and-housing-ratios-how-do-they-affect-your-loan\/#breadcrumb\"},\"inLanguage\":\"de-DE\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.santiagofinancial.com\/debt-and-housing-ratios-how-do-they-affect-your-loan\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"de-DE\",\"@id\":\"https:\/\/www.santiagofinancial.com\/debt-and-housing-ratios-how-do-they-affect-your-loan\/#primaryimage\",\"url\":\"https:\/\/www.santiagofinancial.com\/wp-content\/uploads\/2019\/05\/sfis-37-2.jpg\",\"contentUrl\":\"https:\/\/www.santiagofinancial.com\/wp-content\/uploads\/2019\/05\/sfis-37-2.jpg\",\"width\":1920,\"height\":1279},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.santiagofinancial.com\/debt-and-housing-ratios-how-do-they-affect-your-loan\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.santiagofinancial.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Debt and Housing Ratios- How Do They Affect Your Loan?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.santiagofinancial.com\/#website\",\"url\":\"https:\/\/www.santiagofinancial.com\/\",\"name\":\"Santiago Financial, Inc.\",\"description\":\"Manufactured Home Loans\",\"publisher\":{\"@id\":\"https:\/\/www.santiagofinancial.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.santiagofinancial.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"de-DE\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.santiagofinancial.com\/#organization\",\"name\":\"Santiago Financial, Inc. | Manufactured & Mobile Home Loans\",\"url\":\"https:\/\/www.santiagofinancial.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"de-DE\",\"@id\":\"https:\/\/www.santiagofinancial.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.santiagofinancial.com\/wp-content\/uploads\/2020\/06\/santiago-financial-square-logo.png\",\"contentUrl\":\"https:\/\/www.santiagofinancial.com\/wp-content\/uploads\/2020\/06\/santiago-financial-square-logo.png\",\"width\":512,\"height\":512,\"caption\":\"Santiago Financial, Inc. | Manufactured & Mobile Home Loans\"},\"image\":{\"@id\":\"https:\/\/www.santiagofinancial.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/santiagofinancial\/\",\"https:\/\/www.youtube.com\/channel\/UCejnj1u-mlwTW-3M5nkQcfg\",\"https:\/\/www.instagram.com\/santiagofinancial\/\",\"https:\/\/www.linkedin.com\/company\/santiagofinancial\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.santiagofinancial.com\/#\/schema\/person\/1bdd5b18098de4c976391e5ae0f1a3a6\",\"name\":\"Santiago Financial, Inc.\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Debt and Housing Ratios- How Do They Affect Your Loan? - Santiago Financial, Inc.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.santiagofinancial.com\/de\/verschuldung-und-wohnverhaltnisse-wie-wirken-sie-sich-auf-ihr-darlehen-aus\/","og_locale":"de_DE","og_type":"article","og_title":"Debt and Housing Ratios- How Do They Affect Your Loan? - Santiago Financial, Inc.","og_description":"Debt and housing ratios are two important factors taken into account when qualifying for a loan. In part one, we will explore housing ratios: Housing Ratios (Front-End Ratios) The housing ratio is used to assess how much income is needed in order to adequately repay your loan. Lenders will look at the housing ratio as [&hellip;]","og_url":"https:\/\/www.santiagofinancial.com\/de\/verschuldung-und-wohnverhaltnisse-wie-wirken-sie-sich-auf-ihr-darlehen-aus\/","og_site_name":"Santiago Financial, Inc.","article_publisher":"https:\/\/www.facebook.com\/santiagofinancial\/","article_published_time":"2018-08-23T16:21:44+00:00","article_modified_time":"2020-10-20T07:21:03+00:00","og_image":[{"width":1920,"height":1279,"url":"https:\/\/www.santiagofinancial.com\/wp-content\/uploads\/2019\/05\/sfis-37-2.jpg","type":"image\/jpeg"}],"author":"Santiago Financial, Inc.","twitter_card":"summary_large_image","twitter_misc":{"Verfasst von":"Santiago Financial, Inc.","Gesch\u00e4tzte Lesezeit":"1 Minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.santiagofinancial.com\/debt-and-housing-ratios-how-do-they-affect-your-loan\/#article","isPartOf":{"@id":"https:\/\/www.santiagofinancial.com\/debt-and-housing-ratios-how-do-they-affect-your-loan\/"},"author":{"name":"Santiago Financial, Inc.","@id":"https:\/\/www.santiagofinancial.com\/#\/schema\/person\/1bdd5b18098de4c976391e5ae0f1a3a6"},"headline":"Debt and Housing Ratios- How Do They Affect Your Loan?","datePublished":"2018-08-23T16:21:44+00:00","dateModified":"2020-10-20T07:21:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.santiagofinancial.com\/debt-and-housing-ratios-how-do-they-affect-your-loan\/"},"wordCount":305,"publisher":{"@id":"https:\/\/www.santiagofinancial.com\/#organization"},"image":{"@id":"https:\/\/www.santiagofinancial.com\/debt-and-housing-ratios-how-do-they-affect-your-loan\/#primaryimage"},"thumbnailUrl":"https:\/\/www.santiagofinancial.com\/wp-content\/uploads\/2019\/05\/sfis-37-2.jpg","articleSection":["Uncategorized"],"inLanguage":"de-DE"},{"@type":"WebPage","@id":"https:\/\/www.santiagofinancial.com\/debt-and-housing-ratios-how-do-they-affect-your-loan\/","url":"https:\/\/www.santiagofinancial.com\/debt-and-housing-ratios-how-do-they-affect-your-loan\/","name":"Debt and Housing Ratios- How Do They Affect Your Loan? - Santiago Financial, Inc.","isPartOf":{"@id":"https:\/\/www.santiagofinancial.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.santiagofinancial.com\/debt-and-housing-ratios-how-do-they-affect-your-loan\/#primaryimage"},"image":{"@id":"https:\/\/www.santiagofinancial.com\/debt-and-housing-ratios-how-do-they-affect-your-loan\/#primaryimage"},"thumbnailUrl":"https:\/\/www.santiagofinancial.com\/wp-content\/uploads\/2019\/05\/sfis-37-2.jpg","datePublished":"2018-08-23T16:21:44+00:00","dateModified":"2020-10-20T07:21:03+00:00","breadcrumb":{"@id":"https:\/\/www.santiagofinancial.com\/debt-and-housing-ratios-how-do-they-affect-your-loan\/#breadcrumb"},"inLanguage":"de-DE","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.santiagofinancial.com\/debt-and-housing-ratios-how-do-they-affect-your-loan\/"]}]},{"@type":"ImageObject","inLanguage":"de-DE","@id":"https:\/\/www.santiagofinancial.com\/debt-and-housing-ratios-how-do-they-affect-your-loan\/#primaryimage","url":"https:\/\/www.santiagofinancial.com\/wp-content\/uploads\/2019\/05\/sfis-37-2.jpg","contentUrl":"https:\/\/www.santiagofinancial.com\/wp-content\/uploads\/2019\/05\/sfis-37-2.jpg","width":1920,"height":1279},{"@type":"BreadcrumbList","@id":"https:\/\/www.santiagofinancial.com\/debt-and-housing-ratios-how-do-they-affect-your-loan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.santiagofinancial.com\/"},{"@type":"ListItem","position":2,"name":"Debt and Housing Ratios- How Do They Affect Your Loan?"}]},{"@type":"WebSite","@id":"https:\/\/www.santiagofinancial.com\/#website","url":"https:\/\/www.santiagofinancial.com\/","name":"Santiago Financial, Inc.","description":"Manufactured Home Loans","publisher":{"@id":"https:\/\/www.santiagofinancial.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.santiagofinancial.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"de-DE"},{"@type":"Organization","@id":"https:\/\/www.santiagofinancial.com\/#organization","name":"Santiago Financial, Inc. | Manufactured & Mobile Home Loans","url":"https:\/\/www.santiagofinancial.com\/","logo":{"@type":"ImageObject","inLanguage":"de-DE","@id":"https:\/\/www.santiagofinancial.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.santiagofinancial.com\/wp-content\/uploads\/2020\/06\/santiago-financial-square-logo.png","contentUrl":"https:\/\/www.santiagofinancial.com\/wp-content\/uploads\/2020\/06\/santiago-financial-square-logo.png","width":512,"height":512,"caption":"Santiago Financial, Inc. | Manufactured & Mobile Home Loans"},"image":{"@id":"https:\/\/www.santiagofinancial.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/santiagofinancial\/","https:\/\/www.youtube.com\/channel\/UCejnj1u-mlwTW-3M5nkQcfg","https:\/\/www.instagram.com\/santiagofinancial\/","https:\/\/www.linkedin.com\/company\/santiagofinancial\/"]},{"@type":"Person","@id":"https:\/\/www.santiagofinancial.com\/#\/schema\/person\/1bdd5b18098de4c976391e5ae0f1a3a6","name":"Santiago Financial, Inc."}]}},"_links":{"self":[{"href":"https:\/\/www.santiagofinancial.com\/de\/wp-json\/wp\/v2\/posts\/131"}],"collection":[{"href":"https:\/\/www.santiagofinancial.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.santiagofinancial.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.santiagofinancial.com\/de\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.santiagofinancial.com\/de\/wp-json\/wp\/v2\/comments?post=131"}],"version-history":[{"count":1,"href":"https:\/\/www.santiagofinancial.com\/de\/wp-json\/wp\/v2\/posts\/131\/revisions"}],"predecessor-version":[{"id":71527,"href":"https:\/\/www.santiagofinancial.com\/de\/wp-json\/wp\/v2\/posts\/131\/revisions\/71527"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.santiagofinancial.com\/de\/wp-json\/wp\/v2\/media\/71736"}],"wp:attachment":[{"href":"https:\/\/www.santiagofinancial.com\/de\/wp-json\/wp\/v2\/media?parent=131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.santiagofinancial.com\/de\/wp-json\/wp\/v2\/categories?post=131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.santiagofinancial.com\/de\/wp-json\/wp\/v2\/tags?post=131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}