What is the 28/36 rule for mortgages?
The 28/36 rule is a guideline that says your housing payment should stay under 28% of gross monthly income and total debt under 36%. It's a quick gut check for affordability.
Real underwriting often allows higher — FHA and automated approvals stretch total debt to 43% to 50% with strong factors. The rule is a starting point, not a hard cap. We'll show what your actual approved ratios can be.
Breaking down the 28/36 rule
The 28/36 rule is a simple budget guide. Keep your house payment under 28% of gross monthly income. Keep all debts under 36%. It is a starting point, not a hard law.
Many loans allow higher ratios today. FHA often stretches past 36% with good credit. The rule still helps you avoid buying more house than you can enjoy.
Using the rule in real life
The 28/36 rule keeps your budget comfortable. It leaves room for Florida insurance and surprise costs. A payment that fits your life beats one that maxes you out.
We run your ratios and show where you land. If you want breathing room, we will target a payment below the line.
Verify the details for your own situation against these government and agency sources: CFPB Owning a Home guide and HUD homebuyer resources.