10/10/2026
π‘ Understanding the 28/36 Rule in Mortgage Lending | Century 21 Galvez
Dreaming of owning a home? Understanding the 28/36 mortgage rule can help you evaluate your homebuying budget and prepare for the mortgage process. π
The 28% front-end ratio generally refers to the portion of your gross monthly income used for housing costs, while the 36% back-end ratio considers your total monthly debt payments, including housing expenses, car loans, student loans, and credit cards.
These are common financial guidelines, not guaranteed lender requirements. Actual qualification standards vary by lender, loan program, credit profile, and other financial factors.
At Century 21 Galvez, we believe informed buyers are better prepared to take the next step toward homeownership.
π Alexander Galvez | Broker Owner
βοΈ +1 (646) 326-3146
π§ [email protected]
π www.AlexGalvezTheRealtor.com
β¨ Know your numbers. Plan your budget. Take the next step toward homeownership!