A home loan/mortgage is the most common form of financing.   In order to obtain a home loan, the borrower must first be approved. 

This means a lender will loan a borrower the money to buy a home and while the mortgagee has a vested interest in the property, the homeowner is listed on the deed as the owner of the property. 

The lender will place a lien on the home until the home is paid (in many cases, the loan will be paid back in monthly installments according to the length and terms of the mortgage).  The mortgagee has certain rights as defined in the documents a borrower, the soon-to-be mortgagor, signs at closing and later recorded in the County where the property is located.

It's always best to contact a mortgage professional to understand the various types of loans and terms available and those that are best suited to your qualifications.

Below you will find links to mortgage calculators in order to determine if you meet the ratios based on the specific loan type for which you may apply. 

Know that some ratios may be subjective.  That means there may be compensating factors that may affect these ratios and your qualifications as such.  A mortgage professional is the only individual who can take your application, submit it to an underwriter for consideration.  If pre-approved, the underwriter will begin to request documentation supporting the information submitted that resulted in a pre-approval.  If the underwriter does not receive required documentation, the loan may not be approved regardless of if a pre-approval was earlier established. 

Note that in many cases, the initial application must be submitted to programs such as desktop underwriting in order to determine a borrower's initial eligibility for pre-approval for the specified loan.