Lenders use the back$-$end grad ratio to compare a borrower's total monthly debt repayments $($including the prospective loan's PITI payment and any auto, credit card, or other debt obligations$)$ to his or her gross $($pre$-$tax$)$ monthly income. For most reputable lenders, a ratio of $30\%$ or less is desirable, and according to current legislation, the ratio cannot exceed $43\%$grad for a qualified mortgage.

If you don't want the $$15,000$ of additional savings available from your family to affect your. back$-$end ratio, then a lender may require:

That you refuse the gift or the loan of the money

That the terms of the loan be put in writing

A gift letter that says that the funds are truly a gift to the borrower and are being distributed from the borrower's own funds

None of these, as this help from your family will not affect your back$-$end ratio

If you need to improve your back$-$end ratio, you can: Check all that apply.

Choose a home in a higher price range

Stop paying your student loan

Pay down or pay off your existing credit card debt

Increase your monthly gross income

Reduce the down payment on your new home