Gross Debt Service (GDS) ratio

By The Spy on October 17, 2016

The percentage of the borrower’s income needed to cover all housing costs (specifically, mortgage payments, property taxes, heat and ½ of any condo fees). The traditional limit for an acceptable GDS ratio has long been 32%. But most lenders allow up to 39%, especially if the mortgage is insured and the borrower has a high credit score.