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Buying a home with student loan debt? New VA Policy Can Help!
Student loan debt and repayments play a large role in buyers qualifying for mortgage loans. With escalating costs of college education, many graduates are carrying the heavy burden of debt. Luckily there are many programs providing student loan payment relief, but when it comes to mortgage qualification, the programs are not often recognized. VA home loans, available to qualifying military veterans or active service members, are the most flexible when it come to student loan debt. So Veterans can take advantage of these flexible student loan guidelines to purchase a new home.
The Veterans Benefits Administration, in the Department of Veteran Affairs, recently announced a rule clarification, in Regards to student loan debt.
Additionally, new policy provides guidance for student loans in repayment. This includes loans which will be in repayment within 12 months.
Check out how VA loans help service members, Veterans or surviving spouses with student loan payments.
Deferred student loan payments mean payments are not required for a period of time.
Guess what? VA loans recognize the zero required payment under certain circumstances.
VA guidelines state the following: Student loan payments which are deferred greater than 12 months after the mortgage closing date may be disregarded!
Posted in:
Home Buying
and tagged:
home buying
Posted by on March 8th, 2017 4:28 PM
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Now is the time to upgrade your starter home to your dream home!
Did you buy a starter house in your twenties and now you have a family or are planning a family and need a bigger house?
We can help you make that happen!
With June being right around the corner and being
NATIONAL HOME OWNER MONTH
now is the time for you to upgrade your starter home to your
dream home
!
You will have
more space, better schooling options for the kids, closer to work, and that pool you have been wanting.
Give us a call today to see if you qualify!
256-543-9211
Posted in:
Home Buying
and tagged:
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alabama
home buying
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gadsden
hunstville
etowah county
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Posted by on May 20th, 2015 2:29 PM
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Buying a home with student loan debt? New VA Policy Can Help!
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