Student Loan Deferment and applying for a mortgage

[ilkhats44]

I have a student loan via the federal goverment, with loan payments being suspended, for the next 6 months, how will mortage companies factor the DTI? I believe it will show up on the credit report as being closed or $0 monthly. 

[Anonymous]

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@ilkhats44 wrote:

I have a student loan via the federal goverment, with loan payments being suspended, for the next 6 months, how will mortage companies factor the DTI? I believe it will show up on the credit report as being closed or $0 monthly. 

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I believe they would use 1% of the total loan amount as a monthly debt, i could be wrong though. This is what i have been told by a lender

[VALoanMaster]

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@ilkhats44 wrote:

I have a student loan via the federal goverment, with loan payments being suspended, for the next 6 months, how will mortage companies factor the DTI? I believe it will show up on the credit report as being closed or $0 monthly. 

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Each loan program has a slightly different way of calculating the monthly payment that will be used.

For example: FHA will use 1% of the balance as your monthly payment while VA will use 5% of the balance divided by 12.

What type of loan are going for?