THE FHA STUDENT DEBT CRITERIA

 
The FHA  changed the way student debt is assessed and calculated for new homebuyers.
 
Below are some  lender criteria for student loans:
  1. The lender must use the actual payment amount for the student loan or
  2. The monthly student loan payment reported on the credit report, or
  3. A half percent (.5%) of the student loan balance if the reported payment is zero
 
If you are a new homebuyer contact Counsel Mortgage Group. We offer a variety of products and services, ask us how we can assist you today. We work for you, not the lender.
 
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