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. A borrower is applying for a Conventional residential loan. A lender will make the loan under the following conditions. A . Monthly P&I payment
A borrower is applying for a Conventional residential loan. A lender will make the loan under
the following conditions.
A Monthly P&I payment is $
B Annual property taxes are $
C Annual property insurance is $
Using the FNMA Conforming Conventional loan ratios, what monthly gross income is required
for the borrower to qualify for the loan?
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