Does a student loan count against me when looking for a mortgage?

Hi Lawrence, short answer is yes, to find out to what degree you should speak with a loan officer. If you are in So. California I would be happy to have my lender get in touch with you. That is the best way to get the correct information.Good Luck!Connie Snider (626) 253-6392

It depends on the type of loan you are getting and whether or not the student loan is deferred. If the loan is not in deferrment, then it will be factored into your debts in all cases. If you can document it is deferred for a minimum of 12 months, and you are getting an FHA loan, then it does not count against you; conventional loans will factor it in regardless.

Student loans do count against your debt to income level in most cases. However, if you can document that your payments are deferred for 12 months are more, a lender does not have to count that debt on a FHA loan.