Financial hardship is defined as monthly housing expenses of: first mortgage, real estate taxes, property insurance, and homeowner's association fees that are more than 31 % of gross income. (californiabankruptcygroup.com)
A homeowner can deduct from their homeowners insurance premiums the same percentage of housing expenses that were allocated toward the home office. (valuepenguin.com)
That is a reasonable housing expense ratio by most underwriting standards. (loanbiz.com)