Few questions about home purchasing process?

[traveler2005]

Is it your gross income or net income that is considered.

What is the DTI limit

How long should you avoid inquires prior to applying for home loan.

If you have an installment agreement with IRS does this negate the possibility of a home loan?

[ezdriver]

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@traveler2005 wrote:

Is it your gross income or net income that is considered. Gross income

What is the DTI limit Can be as high as 45%

How long should you avoid inquires prior to applying for home loan. Six months

If you have an installment agreement with IRS does this negate the possibility of a home loan? Does not disqualify one from mortgage approval. payment are calculated in the DTI

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[traveler2005]

Thanks so much for the info. Very helpful!