have student loans consolidated.

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All depends on the terms and costs involved, if that makes you qualify to buy a home and that makes sense, with consolidating..meaning out weighs the costs etc...then you should consider doing it. I don't know the terms, so its hard to give anymore advice...Good LUCK

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Yes, unless you can prove the deferment is good for at least 12 months from the date of closing the lender is required to use the monthly payment that you will be required to pay at the end of that deferment.

Unfortunately they will count the deferred payments towards your debt to income ratio. The only time they don't is if you can provide proof from the student loan company that they will be deferred for at least 12 months from the date of closing. They do this because it is a known debt that can make a difference if you can afford the home or not once the payments are up.

If your student loans are in deferment, and will be deferred for at least 3 years, then the payment would be ignored.. however, if your deferment is less than 3 years, then the lender has to calculate a payment and add it to your income ratios to be sure you fall within the guidelines.. if your student loan lender can tell you what the future payments would be, then the mortgage lender will use those payments for calculating DTI, if not, then the lender will use 2.5% of the outstanding balance and add that payment to your ratios.. example: $10,000 in student loans X 2.5%=$250 monthly payment.. This will not make you ineligible for a mortgage, it just means that they have this future payments to your ratios to determine what your maximum loan amount would be.. it could reduce how much home you can purchase depending on your other outstanding debt and monthly payments.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com