USDA announced some clarification on existing guidelines as well as adding some new guidelines; all of which are effective with new USDA Home Loan Applications the summer of 2023. The USDA Home Loan …
Student Loan Debt and Mortgage Approval
We talk to folks everyday who have student loan debt and are looking at houses. Some of these folks have in excess of $100,000 in student loans. Many of them have IBR (income based repayment), PAYE …
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Deferred Student Loans and Mortgage Loan Approval
I would guess that 70% or more of first time home buyers we talk to these days have Student Loan Debt. With the economic down turn, it seems to us that many families were forced to "dip" into college …
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Do Mortgage Lenders Look at Deferred Student Loans?
You probably aren't making Student Loan Payments right now. Nobody is. The Government put Student Loan Debt in a deferment, and you don't have to make payments in 2022. But maybe you should be …
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Buying a House With Student Loans
I went to a mortgage conference last week, and one speaker (who is also an attorney) suggested that within this next Presidential Budget we would likely see the introduction of a new "breed" of …
Student Loan (IBR) and Mortgage Qualification
We've had a ton of questions from folks, looking for information about their Student Loans, and how the payments on the deferred student loans, and IBR Student Loan payments will be looked at when …
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