Student Loans and Mortgages: What You Need to Know
Even if your student loan is in deferment, most lenders still count a monthly payment in your debt-to-income ratio, or DTI. The tricky part is that each loan program has its own rules. That means the same $75,000 loan balance could be treated very differently depending on whether you apply for a VA, FHA, USDA, or Conventional loan.
Understanding Monthly Liabilities: What Counts in Your DTI (and What Doesn’t)
Let’s talk about liabilities. We all have them, but not all of them affect whether you qualify for a mortgage. Some debts are counted in your application, and some are not. Understanding which ones matter (and why) is key to getting approved with confidence.