Home loans and defaulted student loans
Can you get a home loan when your student loans are in default? by renees_373_661 from Atlanta, Georgia. Feb 2nd 2013
Steven Ceceri (123LoanYes)
#12 ranked lender in Rhode Island - 723 contributions
To obtain any "Government Backed Mortgage" you can not have any defaulted Student Loans as they are likely also backed by the Government. Also, it would seem fair to say that if you have defaulted student loans, your credit score may not meet the requirements to obtain a mortgage. If you would like to work on this together, I'd be happy to see what I can do for you. Please send me a direct message offline to discuss this in more detail. Thank you!
Simon Nwoke (SimonNwoke)
#70 ranked lender in Georgia - 37 contributions
If your student loan can be brought current, I do FHA 580 score with compensating factors. Give a call to discuss.Thank you
Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions
Your loans would need to be brought current.
Financial Services (FinancialServicesOnline)
#65 ranked lender in Pennsylvania - 5 contributions
Our company could be of assistance to you.. Student loans do not prevent you from acquiring Home loans provided you're sure about repayments. http://financialservices.mw.lt
Financial Services (FinancialServicesOnline)
#65 ranked lender in Pennsylvania - 5 contributions
YOU COULD GET A LOAN FROM MY COMPANY. HAVING A STUDENT LOAN IN DEFAULT DOES NOT PREVENT YOU FROM ACQUIRING A HOME LOAN.http://financialservices.mw.lt
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,843 contributions
Defaulted student loans are an automatic NO under government loan programs (FHA, VA, USDA). Depending on the size and score, if they are small, you might get away with the default on conventional loans.
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