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Deferred Student Loans
FHA loan programs allows to exempt the monthly payments of student loans if the student loan has been deferred for at least 12 months. Conventional loans do not have a deferment program. If the student loan has been deferred, with conventional loans, mortgage loan underwriters will take 2% of the balance of the student loan and calculate that as part of the monthly expense and will be calculated towards the debt to income ratios.

As mentioned above, FHA allows a mortgage borrower to exempt the student loan payments in their debt to income ratio qualification only if the student loans have been deferred for at least 12 months. Here is an article I have written and posted on my blog at http://www.gustancho.com . Hope it helps:



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