Tag: Student Loan

USDA – Student Loan Repayment Calculation for USDA Rural Development SFH Guaranteed Loans – Effective September 23, 2019

Written by: David Hail, Staff Writer Calculating the correct student loan payment for a mortgage applicant can be a moving target depending on the guidelines. With this update, USDA makes a huge change in the way lenders are instructed to calculate a student loan payment for a client. Rule Synopsis: On September 23, 2019 USDA […]

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Fannie Mae & Freddie Mac-Student Loan Payment Calculation: How do I calculate a student loan payment that shows $0 and is in deferment? [Student Loan Chart]

Updated Chart on 5/9/2018 – Student Loan Chart/Checklist- FHA/VA/USDA/Conventional Comparison Answer: Both agencies require 1% for deferred student loans.  See excerpts from selling guides below for both Fannie Mae and Freddie Mac.  Also, we have a very useful and handy chart on the website for Student Loan repayment requirements for all agencies, including FHA/VA and […]

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