FHA Mortgage Underwriting Process?

My fiance and I recently went into the FHA underwriting process and am just wondering if I will be final approved. We have a combined gross income of about $90,000 but total debt monthly payments of $1,549. We have a total loan for $240,000 but we are buying from her relative as a gift and the house is worth... show more My fiance and I recently went into the FHA underwriting process and am just wondering if I will be final approved. We have a combined gross income of about $90,000 but total debt monthly payments of $1,549. We have a total loan for $240,000 but we are buying from her relative as a gift and the house is worth $370,000 leaving us $130k in equity. Does the underwriter look at how much equity is in the home for approval or is it the DTI ratio that the underwriter is mostly focused on. Thanks for any help.
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