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If I have student loans in deferment, can I still get a home loan?

by stacie.g542 from Mesquite, Nevada. Jan 18th 2016 Reply


Larry Gray (lgray_312_247)
#563 ranked lender in California - 1,127 contributions

Absolutely. I highly recommend you consult with a Nevada mortgage broker/bankerto evaluate what you currently qualify for in purchasing a home. It is an important first step in knowing where you stand now in moving towards buying a home.In regards to how student loans in deferment are regarded, it can usually be determined what monthly amount might be included in evaluating your debt to income ratio. It likely will be necessary to count some monthly debt from the deferred student loans....usually a low amount.

Jan 18th 2016
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,045 contributions

Yes, but most all lending programs will have to add your projected student loan payment to your debt ratios for qualifying purposes.. So long as you earn enough income, you should be fine.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Jan 18th 2016
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Jericho Cherry (Jerichocherry)
#58 ranked lender in Virginia - 1,107 contributions

Usually the Lender want to see the deferment at least 12 months out from closing date. My advise is to check with a LOCAL LOAN ADVISOR.

Jan 19th 2016
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