If I fail CAIRVS for FHA loan due to student loan that needs to be paid, can I switch to conventional loan?

Yes. But it depends on a multitude of factors. You still have to qualify for the Conventional requirements.

CAIRVS is for government lending you should be okay

Hi Sltolbert47884,Yes you can switch to a conventional loan as long as you can meet the stricter guidelines. Another option would be to refinance or rehad your student loans to get them out of default which will nullify the CAIVRS hit. | Please feel free to contact me for more information or help. | John Burke | Senior Mortgage Banker | Great Plains National Bank http://www.valoansdoneright.com | (877)228-9069 | Lending in ALL 50 states

Yes, conventional should be fine, as that background check is only on government loans.

Typically, folks go with FHA because they accept lower credit scores and allow for higher debt to income ratios as well as lower down payment requirements.. If you can qualify for an conventional loan, then CAIRVS is not run on Fannie/Freddie files.. only government loans. But regardless, the lender might require you to account for the unpaid student loan depending on how it's showing on your credit report. (collection, charge off, judgement, etc..). I'm a preferred Lender with Arizona and California being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893