Obstacles include not enough cash in the bank for a down payment or closing costs; credit scores that are good but not great, or so much deferred student. investors Fannie Mae and Freddie Mac, the.

Fannie Mae has made a guideline change stating that if you are on an income-based repayment plan for your student loan, lenders can use the payment on the statement to qualify you. Importantly, this includes $0 payments. This means that if you pay nothing toward your student loans at the moment based on your income, it doesn’t add to your DTI.

Shopping For Mortgage Any mortgage inquiries within a normal shopping period – which can be from two weeks to 45 days, depending on the version of the FICO score – will count as a single inquiry for scoring.

Most of the write-offs were non-cash assets known as Deferred Tax Assets (DTAs. and banks were forced by regulators to clean up their balance sheets. fannie mae was created in 1938 to buy loans.

Fannie Mae has made a change that should make it easier for some with student loans to qualify for a mortgage. Read on for the details.

Rule changes can make home ownership and student loans more affordable. Rule changes can make home ownership and student loans more affordable..

In early 2017, Fannie Mae updated their guidelines to change the way they look at income based repayment plans for student loans. Fannie Mae took the stance that Freddie Mac had up to that point to allow you to use any payment reported on the credit report, as long as the loan was not deferred or in forbearance.

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Fannie Mae has made a guideline change stating that if you are on an income-based repayment plan for your student loan, lenders can use the payment on the statement to qualify you. Importantly, this includes $0 payments. This means that if you pay nothing toward your student loans at the moment based on your income, it doesn’t add to your DTI.