How are we looking?

[StarraeAday1]

Edited: Thanks anyway!

[donkort]

If you make $4,600 gross combined, a 50% overall Debt-to-Income Ratio (DTI) would consist of $2,300 in total monthly payment obligations per month.  This would not include your $1,095 rent.  It would include your future mortgage----plus property taxes and mortgage insurance payments.

FHA, technically, requires a 43% DTI.  VA mortgages require a 41% DTI.  This can be flexible if you have "compensating factors" (example:  working a long time at a single job).

[StarraeAday1]

That's why I put in my post that I've been at my govt job for a decade with no plans to leave, and my husband's income is SSDI so it's very steady as well. I was hoping that would be a compensating factor to help smooth the high back-end DTI, but I was hoping a mortgage person could give their opinion. Plus, we'd have some income from the small business, I'm just not sure how they'll calculate it, so that will help with our DTI.

[donkort]

There are mortgage people here. 

One of them just answered somebody's question.

His name appears as the last person who posted in a thread near this thread.  It's the thread immediately above this thread.

I answered because I sensed you wanted "some idea."

[Mortgage-Specialist]

For self employed income, underwriters do not consider gross receipts. They look at the net remaining amount after write-offs. Some appreciation can be added back in. Im surprised you'd show such a loss while trying to purchase a home. These losses negate your W2 income.