Can I qualify for a mortgage if I have student loan deferment?

YES... if the loan is in deferment, and will continue to be in deferment for at least the next 12 months, then your good.. If the repayment period begins prior to the expiration of 12 months, then the payments will be added to your debt to income ratio.. you will still be fine so long as you have enough income.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. 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

Yes, if you can show that your student loan will be deferred for at least 12 months from the closing date you should be good. If you have any questions please feel free to give me a call or email. Best wishes, Sean - 303-521-7169 / loanofficerseanyoung@gmail.com

Yes you can, If the student loans will be deferred for at least 12 moths after closing on the home loan then they will not count against you, If they will only be deferred for lets say 8 months after closing then they will count against your DTI (Debt To Income) ratio meaning you will not qualify for as much home. I would be more than happy to go over opitions and maybe explain the student loan situation a little better and easier to understand. PLease feel free to contact me.Michael Glist720/458/9017michael.glist@impacmail.com

Note that the 12 month rule mentioned by others applies to FHA / VA loans. If you are looking a a conventional loan, (Fannie Mae or Freddie Mac) then the loan payment is counted in your monthly debts regardless of how long it is deferred for.

Of course if you qualify with the payments then yes you can. However, if you do not qualify with the payments then you can go FHA as long as the payments are deferred for 12 months from the date of closing. You cannot use conventional financing under those same circumstances except when the installment debts secured by financial assets in which repayment may be obtained by liquidating the asset. If you wish to discuss this further call me @ 317-566-5629

Genevieve,If your student loan is defered for a least 12 months beyond the date of your new mortgage, the payment for that student loan will be ignored for underwriting purposes. Please let me know if you would like to get prequalified for a mortgage. I am located and have been in business in Boulder since 1984.

Genevieve,If your student loan will be deferred for one year or more from the date of your new mortgage, the payment for that student loan will be ignored by the Underwriter when considering your ability to qualify for an Fha loan. Unfortunately, the same provision is not available for conventional loans. I am and have been located in Boulder since 1984. If you wish, I will be happy to meet with you and offer to work out for you the amount of the mortgage that you would qualify for. Please just call if you would like Jim Crowder (303)817-3308

Yes but normally we count that debt against you. The only exception is when the student loan is deferred more than one year or you have decided to continue more higher education. St.Marks 303-719-7778

Yes. We might need to add the payment into your debt if you need to start paying in less than a year. If you have been working for two years at a job and your credit and debt are within the limits, you have a great chance of getting a mortgage.If you want to see exactly what you can qualify for, let me know. Mark Allen Schmidt 720-206-4539