Definitions for "Housing expense-to-income ratio"
The ratio of the monthly housing payment in total (PITI - Principal, Interest, Taxes, and Insurance) divided by the gross monthly income. This ratio is sometimes referred to as the top ratio or front end ratio.
The ratio, expressed as a percentage, which results when a borrower's housing expenses are divided by his or her gross monthly income.
expressed as a percentage, which results when your housing expenses are divided by your net effective income (FHA/VA loans) or gross monthly income (conventional loans). See debt-to-income ratio.