Island Home Loans

💡 Think you can use all your income to qualify for a home loan?
Not quite!

Lenders look at your Debt-to-Income Ratio (DTI) — how much of your monthly income goes toward debts like:
🚗 Car payments
💳 Credit cards
🎓 Student loans

Most loan programs allow only 41–50% of your income to go toward your total monthly debts, including your future mortgage. The rest is meant for your other life expenses (yes, even groceries and gas 🚙💰).

✅ Pro tip: Before you start shopping for homes, take a look at your monthly payments and see if there’s room to pay down debt — it can boost your buying power!