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Home loans and defaulted student loans

Can you get a home loan when your student loans are in default? by renees_373_661 from Atlanta, Georgia. Feb 2nd 2013 Reply


Steven Ceceri (CreativeFinancingOptionsGroup)
#36 ranked lender in Massachusetts - 723 contributions

To obtain any "Government Backed Mortgage" you can not have any defaulted Student Loans as they are likely also backed by the Government. Also, it would seem fair to say that if you have defaulted student loans, your credit score may not meet the requirements to obtain a mortgage. If you would like to work on this together, I'd be happy to see what I can do for you. Please send me a direct message offline to discuss this in more detail. Thank you!

Feb 2nd 2013
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Simon Nwoke (SimonNwoke)
#71 ranked lender in Georgia - 37 contributions

If your student loan can be brought current, I do FHA 580 score with compensating factors. Give a call to discuss.Thank you

Feb 2nd 2013
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#77 ranked lender in Florida - 2,240 contributions

Your loans would need to be brought current.

Feb 2nd 2013
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Financial Services (FinancialServicesOnline)
#66 ranked lender in Pennsylvania - 5 contributions

Our company could be of assistance to you.. Student loans do not prevent you from acquiring Home loans provided you're sure about repayments. http://financialservices.mw.lt

Feb 3rd 2013
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Financial Services (FinancialServicesOnline)
#66 ranked lender in Pennsylvania - 5 contributions

YOU COULD GET A LOAN FROM MY COMPANY. HAVING A STUDENT LOAN IN DEFAULT DOES NOT PREVENT YOU FROM ACQUIRING A HOME LOAN.http://financialservices.mw.lt

Feb 3rd 2013
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,944 contributions

Defaulted student loans are an automatic NO under government loan programs (FHA, VA, USDA). Depending on the size and score, if they are small, you might get away with the default on conventional loans.

Feb 3rd 2013
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