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A mortgage applicant who has a monthly gross income of $ 4 , 7 7 0 applies for a mortgage with monthly PITI of $
A mortgage applicant who has a monthly gross income of $ applies for a mortgage with monthly PITI of $ The applicant's other financial obligations total $ per month. Use the ratio guidelines from your text What type of mortgage, if any, would the applicant qualify for?
a FHA only
b Conventional only
C FHA and Conventional
d none
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