How do federal student loans in deferment affect getting approved for a fha loan?

No, it is not bad debt. The payment will be counted against your debt ratio's unless you are applying for a FHA or VA loan, regardless of how long the loans are deferred. FHA and VA allow student loan payments to not be counted as long as no payment will be required for at least 1 full year after you close on a home. - Hope that helped -and good luck!

There are two options when getting an FHA loan while having student loans. Option 1) If the student loans will be deferred more than 12 months beyond your mortgage closing date, they can be ignored. Option 2) If you will start making payments within the next 12 months, you must document from the student loan center what those future payments will be, and we will include them in your debt ratio. www.SaintPaulMortgageBroker.com

You need a 12-month deferral, to avoid monthly payments figured in your debt ratio.

It can have an effect depending on the loan program being qualified for. I can help you look into different options. Feel free to call or email me. Jimmy Vu - American Financial Network - 949.287.4134 - jvu@afncorp.com

Student loans are counted against your income, and it's not considered bad debt.. since most student loans when out of deferment are relatively low, you want to be sure to get your creditor to give you an "estimated payment schedule", with "projected payments". If you cannot provide a copy of what your projected payments would be, then the lender will take the overall balance and use 2.5% monthly as your payment. .. 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

It's not bad debt and it needs to be deferred for 12 months when closing, if not your student loan lender will and should give you a payment schedule with the interest rate.If you are in need of a lender I am in the area I've been a Sr Loan Officer for 25+ years my name is Louis Ambrosine call me at 626-221-8387

If your payment starts withing 12 months of closing you will have to include the monthly payment as a debt to qualify. If the student loan will be deferred at least 12 months from the date of closing you don't have to count it.

Fha will let you qualify with out counting if you have 12 months or more.. If not its counting and will effect qualifying Craig 954 558 4430 www.firstfloridafin.com