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Student Loan Solutions

Reduced Cost Student Loan Consolidation for Homeowners

Refinance to pay off student loan

Updated Guidelines Fannie Mae recently announced a new refinance underwriting guideline that relaxes lending rules on borrowers with student loans. In addition to loosening guidelines to allow you to qualify using an income based payment plan, homeowners now have the opportunity to pay off student loan debt with out incurring the costs typically associated with a cash-out…

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Qualifying for a Mortgage with Student Loans

Are Student Loans Stopping You From Buying a Home

Student Loan Payments The biggest challenge with student loans is that they are often deferred while you are in school. While your loans are deferred or in forbearance they continue to accrue interest and grow as you add one loan after another while you are still in school working on your degree. Not making payments…

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Buy a Home with Your Zero Payment ($0) Student Loan

Zero Payment Student Loan

Income Based Payment It is not uncommon to have a zero payment ($0) on a student loan that is neither deferred or in forbearance. As of 2015, a homebuyer with student loans is no longer able to ignore a loan that is not required to be repaid. The guidelines were initially intended to require the…

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Student Loan PAYE, REPAYE & IBR Mortgage Guide

REPAYE-PAYE-IBR-Student-Loan-Payments

Paying For Education Pursuing an advanced education is getting more and more expensive. Especially if you’re pursuing an advanced degree. Unless you or your parents started putting away savings years ago in a college fund, you are most likely going to need financial assistance to get you through those long years of preparing for your profession of choice. Depending…

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Freddie Mac Student Loan Guidelines

Freddie Mac Student Loan Underwriting Guidelines

Deferred Payments Freddie Mac does not currently allow you to have deferred student loan payments when qualifying for a home mortgage. If you are still in school and not making payments on your student loans now, there are several methods that the lender will use to determine what payment will be used for qualifying purposes.…

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VA Student Loan Underwriting Guidelines

Freddie Mac Student Loan Underwriting Guidelines

Deferred Payments VA Guaranteed loans are the only underwriting guidelines that will allow you to have deferred student loan payments when qualifying for a home mortgage. You do not have to count your future student loan payments if you can document that your payments will be deferred for a minimum of 12 months from the date…

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Fannie Mae Student Loan Guidelines

Fannie Mae IBR Student Loan Guidelines

Deferred Payments Fannie Mae does not currently allow you to have deferred student loan payments when qualifying for a home mortgage. If you are still in school and not making payments on your student loans now, there are several methods that your lender can use to determine what payment will be used for qualifying purposes. Payment Calculation Options…

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FHA and USDA Student Loan Guidelines

Freddie Mac Student Loan Underwriting Guidelines

Deferred Payments FHA does not currently allow you to have deferred student loan payments when qualifying for a home mortgage. If you are still in school and not making payments on your student loans now, there are several methods that your lender can use to determine what payment will be used for qualifying purposes. Payment Calculation Options FHA…

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3 Important Changes to FHA Loans September 2015

Important FHA Changes September 2015

New Guidelines FHA is going through a significant overhaul of it’s underwriting guide, as well as the guidelines in that guide. While there are many small changes that will affect some people, there are several major changes that will affect a larger number of borrowers using a FHA mortgage to purchase, or refinance a home.…

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