Based on Kelsey and Jerrod's total debt obligations, housing ratio, and credit score, They meet the underwriting requirements of an FHA loan.
What are the underwriting requirements of an FHA Loan?
The applicants must have a credit score of above 500. They must also have a total debt obligation of 43% or less and a housing ratio of not more than 31%.
Kelsey and Jarrod have the required credit score, total debt obligation and housing ratio so they meet the requirements.
Find out more on FHA loans at https://brainly.com/question/1191495.
