Student Loans

turn on suggestions Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Reply
Topic Options
New Contributor
luckyashes04
Posts: 90
Registered: ‎02-18-2012

Can I qualify for a home loan

Options

‎02-17-2013 11:56 AM

I have about $60,000 in student loan debts, that are currently in deferment because I am still in school. My husband and I are about to apply for a home loan, with me not being on the mortgage, but they will count my debt in with his. Do you think we will be able to qualify with my student loans totalling around $60,000?

Message 1 of 2 (244 Views)
 
Reply
Established Contributor
SCF
Posts: 510
Registered: ‎06-09-2008

Re: Can I qualify for a home loan

Options

‎02-17-2013 04:24 PM

It depends on your debt-to-income ratio.  If the bank thinks you will be able to handle paying the mortgage and the student loans, it shouldn't be an issue.

Message 2 of 2 (220 Views)
 
Reply

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
www.myfico.com is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+