CAN I QUALIFY FOR  A LOAN?














































  

Print off the following worksheet and fill it out to see if you meet qualifying guidelines:

Gross Monthly Income Borrower: $
Gross Monthly Income Co-Borrower: $
Other Gross Monthly Income: $
Total Gross Monthly Income: $

Total Housing Expense $
Installment Debt $
Child Support $
Credit Card Debt $
Total Debt $

$

divided by

 $ equals %
Total Housing Expense Gross Monthly Income

Housing Ratio

$

divided by

 $ equals %
Housing + Debt Gross Monthly Income

     Debt to Income Ratio

 

Acceptable Ratios
Housing Debt to Income
Conventional 28% 36%
FHA 29% 41%
VA   41%
Higher ratios may be accepted with compensating factors: low loan value, large cash reserves after closing, high credit scores, etc,

 
Main Office
293 N. Hubbards Ln.
Louisville, KY 40207
502-895-5040		 Fern Creek Branch
6512 Bardstown Rd.
Louisville, KY 40291
502-891-3599		 Strathmoor Branch
2735 Bardstown Rd.
Louisville, KY 40205
502-259-3000		 Frankfort Ave Branch
2862 Frankfort Ave.
Louisville, KY 40206
502-894-2380		 Mortgage Department
502-259-3012


Member FDIC

FIRST CAPITAL BANK OF KENTUCKY
293 N. Hubbards Lane
Louisville, KY 40207 
502-895-5040.
email: localroots@fcbok.com

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