– Fannie Mae and Freddie Mac loans are more generally referred to as conforming loans or "qualifying mortgages" (QM). Loans that conform to the federal guidelines are able to be sold to these agencies.
how much do i qualify for fha loan How Much of an FHA Loan Can I Qualify for and Afford. – In this scenario, the borrower’s total monthly debts (including the mortgage payment and other recurring expenses) should add up to no more than $2,866 per month. The math looks like this: 6,000 x .43 = 2,866. The housing payment in this scenario should not exceed $1,860 per month (because 6,000 x .31 = 1,860).