usda loans and student loans: USDA Home Loans When You Have Student Loan Debt
- 07/29/14 03:52 AM
USDA has long seen the benefit of a College Degree – and in fact USDA Home Loan Underwriters will use Higher Education as a “compensating factor” when a family is close on the debt ratios! Unlike FHA and VA home loan underwriting, though, the no money down home loan programs offered through USDA COUNT deferred Student loans IN the total debt ratio. Qualifying for USDA Home Loans when you have Student Loan Debt is not impossible - it's just a different process than you might see with other Mortgage Loans. Student loans come in two classes: deferred and not deferred. And one thing to keep
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