@Badcreditguy wrote:my student loan is defferred and we are in the middle of refinancng and ever lender we have spoken with considers it into DTI because generally your getting a 15y, 30yr loan and during that time your going to have to start paying on the student loan.
@acissej323 wrote:We will be going with VA...You would think they would take into consideration that when the deferment period is up, your income should increase... but I guess they would need solid evidence of that....
There are alot of incorrect answers posted in this forum. The residual income requirement is of bigger concern than DTI.
The following items may be excluded from the ratio:
Please feel free to message me with any VA loan quesitons.
[Please do not post your e-mail address. Thanks! -- Raine]
Just as bhumrick posted, for VA loans if the deferred student loan payment begins within 12 months of closing it's included in the DTI - if it doesn't begin within 12 months of closing then it's not.
Conventional is different, student loan payments are always included.