New FHA guidelines were released on June 19th which makes it easier to qualify.

Previously, FHA mortgages took 1% of your total student debt balance to calculate your DTI but that has recently been updated.
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FHA mortgages now take your monthly student loan payment amount as your calculation for DTI.
If you have a $0 monthly payment or your loans are in forbearance/default, they use .5% of your total student debt balance.

This helps chances of getting approved for a mortgage dramatically since the DTI calculation has been modified to benefit borrowers and FHA loans allow for lower credit scores and down payment amounts.​

Estimate how much home you can afford with student loans.

Any inquiries can be made to loanhelp@myloansense.com

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