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Student loans and VA benefits

Army veteran and I have some unpaid student loan debt (about 12k) but on a repayment program. Can I use my VA benefits? by konst94 from Holladay, Tennessee. Mar 10th 2021 Reply


Yes should not be a problem

Mar 10th 2021
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Bert Carpenter (BertCarpenter)
#1 ranked lender in Arizona - 2,300 contributions

It depends. If your student loans went into default, it is likely the Department of Education reported you to CAIVRS. CAIVRS, the Credit Alert Verification Reporting System, is a database of individuals that have had a government guaranteed or secured obligation that has defaulted. Until CAIVRS is cleared of any reported items, a new VA, FHA or USDA loan will not be approved. Even if you were reported, you can negotiate an item to be cleared. Student loans typically require you either pay off the debt or be on a payment plan for a minimum period of time. It's not that hard, but I would suggest that you advise your chosen lender that you MAY have a CAIVRS item and ask them to pull a report early in the process so you can deal with it before it becomes a hard stop. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in AZ, CA, GA, IL, OR & WA... In fact, NEXA is licensed in all states except MA and NY and we are pending approval in VA, so give us a call. ~ www.ApplyYes.com 480-889-9000.

Mar 10th 2021
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Greg Bleyl (GregBl)
#59 ranked lender in Ohio - 22 contributions

Thank you for your service! It may be possible and it is simple for a lender to find out and help guide you if not. Feel free to reach out at 216-496-0211

Mar 23rd 2021
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