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Housing
Part 2: Barriers to Home Ownership

Having enough income available to qualify for the mortgage you need can be a barrier to home ownership. Lenders use what they call underwriting ratios to determine the income you have available for mortgage payments.

Watch video: Video (12 minutes)
Presenter: Mary Bach has been a housing counselor for over 10 years, first with ADVOCAP, the Community Action Program headquartered in Fond du Lac. Four years ago she founded Community Housing Coordinators, a housing consulting business. She writes grant requests, establishes and manages homebuyer programs, administers CDBG programs, and sets up special needs housing projects for nonprofits and communities.

In your own words explain what a “front end” ratio and a “back end” underwriting ratio are.

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