Showing results for 
Search instead for 
Did you mean: 

Can someone help me understand this ?

New Contributor

Can someone help me understand this ?

UPDATE: On April 25, 2017, Fannie Mae announced new guidelines for calculating the impact of student loan debt payments on DTI. The new guidelines allow mortgage lenders to use the monthly student loan payment information provided on the borrower's credit report. So if borrowers are enrolled in an IDR plan, lenders can use the monthly payment associated with the plan to calculate DTI -- even if that payment does not cover all of the interest that's owed for the month).


^^ Does this mean for my $32k in student loans that are at a $0 repayment they will only count $0 to calculate my DTI? It seems too good to be true so it probably is but I figured it wouldn't hurt to ask. 

Message 1 of 2
Established Contributor

Re: Can someone help me understand this ?


Message 2 of 2
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.