Carlos earns a gross income of $5,690 per month and applies for a mortgage with a monthly PITI of $1,251.80. Carlos has other financial obligations totaling $893.33 per month. If the lending ratio guidelines are as given in the table below. Lending Ratio Guidelines Mortgage Type Housing Expense Ratio Total Obligations Ratio FHA 29% 41% Conventional 28% 36% What type of mortgage, if any, would Carlos qualify for? O Carlos qualifies for an FHA mortgage under the lending guidelines, but not a conventional mortgage. Carlos qualifies for a conventional mortgage under the lending guidelines, but not an FHA mortgage. Carlos qualifies for both an FHA mortgage and a conventional mortgage under the lending guidelines. O Carlos qualifies for neither an FHA mortgage and a conventional mortgage under the lending guidelines.