I defaulted on my student loans. Can I still get an FHA loan someday?

Yes, but the defaulted student loans are considered a Federal debt and, by current rules, would need to be paid off first.

David BraunNMLS # 303007Sr. Mortgage Loan OfficerInland Home Mortgage23 N. Lincoln StHinsdale, IL 60521Direct: (630) 687-5800Fax: (630)230-5018

Someday Yes, but I would try to get the student loans handled in some way. They will always follow you.

Yes as long as they are resolved prior.

Refinance or otherwise bring the student loans to a current status first, then proceed to seek your loan.

Defaulted federal student loans could be an obstacle if not paid. Depending on your qualifications you may be able to obtain a conventional loan. We have options with as low as a 620 credit score and 5% downpayment, but 680 is easier and allows as little as 3% down - and it can be gift funds. Conventional loans have tighter qualifications.

Yes... but only if you pay it off first. www.FHA-Streamline-Refinance-MN.com

Even though the guidelines for FHA loans are more flexible, taking care of your student loans will lessen your debt to income ratio as well as increase your credit score. The lender is going to verify that you are not in default on any federal debt via CAIVRS, if your mortgage professional has access to this site they can let you know in advance where you stand. Good Luck! Scott Gimbel NMLS # 8322 Serving Mortgage Clients For Over 25 Years 800.509.1064