Student Loan Relief Options for Prospective Buyers
Good news! FHA has recently made changes that may allow prospective buyers and borrowers with student loans more flexibility. FHA will now use .5% – previously it was 1% – of the outstanding loan balance to calculate debt. This may nearly double your buying power!
If you have previously been denied a home loan due to student loan payments, give us a call today! Our award-winning team can take a look at what options are available for you with a free, no-obligation consultation.
Full Mortgagee Letter available here: