The CARES Act was passed at the beginning of the pandemic to provide relief for student loan borrowers by subsidizing interest payments and lowering monthly payments to $0 dollars a month. An unforeseen consequence, however, is that this is detrimental to student loan borrowers looking to take advantage of low interest rates and purchase a new home.
See how you can still purchase a home despite having high student loan debt.
Why are $0 student loan payments preventing me from closing on a home?
These FHA guidelines calculate your debt-to-income ratio in a new way that can benefit you.