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Can i qualify for getting a mortgage with deferred student loans

by landoncrowe114 from Bellmore, Indiana. Feb 7th 2014 Reply


Larry Lechel (Larry@GenevaFi.com)
#15 ranked lender in Indiana - 38 contributions

Yes you can. If no payment is showing up then an estimated payment will be calculated based upon applying a percentage to the amount of owed. www.GuaranteedRate.com/LarryLechel

Feb 7th 2014
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Larry Penilla (Larry Penilla)
#4 ranked lender in Indiana - 24 contributions

Deferred student loans may or may not be counted against you depending on the type of mortgage you apply for as well as the repayment schedule. Whether you qualify or not depends on a number of factors all related to Credit, Capacity, Collateral...issues. It will take an overall review of your unique financial situation to determine your options...www.LarryTheMortgageGuy.com

Feb 7th 2014
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,240 contributions

Yes, as long as they are deferred for at least 12 months AFTER you close, they are not required to be counted in your debt ratios for a FHA or VA loan. Plus, FHA and VA loans are more flexible on your qualifications. Conventional and USDA loans generally require them to be counted. Conventional loans are a better option than FHA if you qualify.

Feb 7th 2014
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