A santa barbara home loan can be obtained for a wide variety of credit situations.In recent days, the lenders have made the evaluation of loan applications very strict. Lenders analyze the monthly income of the borrower and they calculate a loan to income ratio. The most appropriate ratio of loan to income is 38 percentages. Some of the lenders allow even a larger ratio. Loan to value (LTV) ratio is also important to qualify for the home mortgage. This is calculated by dividing the required borrowing amount by the present value of the house. The LTV ratio of 80 percentages is preferred by most lenders for refinancing. Very few loan programs are highly flexible.