Use the table to solve.Factors for loan qualification:ConventionalVAFHA
3. Credit score should be 650 or higher.The Westdahl family is trying to qualify for a conventional loan. Their gross monthly income is $5849. If they get the loan, their mortgage payment will be approximately $1105. Their total monthly debt will be $3233. They have a credit score of 655. Do they qualify?
A. f.e.r. = 0.24, b.e.r. = 0.60 ; Yes
B. f.e.r. = 0.14, b.e.r. = 0.50; Yes
C. f.e.r. = 0.19, b.e.r. = 0.55; No
D. f.e.r. = 0.99, b.e.r. = 1.35 ; No
Answer: C
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