If student loans are keeping you or someone you know from homeownership, help may have arrived.

The Federal Housing Administration (FHA) has changed the way student loan payments are counted when determining eligibility for federally insured mortgages.

How Does FHA Look At Student Loans?

The change is particularly helpful for student loan borrowers who are on an income-based repayment plan; whose loans are in an approved deferment or forbearance; or whose loans are not fully amortizing.

Previously, lenders were required to count 1% of the outstanding student loan balance toward monthly debt payments in those situations. That amount has been cut in half or even more in some cases.

If you or someone you know was previously unable to finance a home because your student debt load was deemed too high, let’s try again. Let's see if we can get you into the home you’ve always wanted.

Contact us today to get the process started or to learn more about these changes and how they could benefit you.