Can You Buy A Home While On SAVE Forbearance?

EPISODE RESOURCES

Federal Mortgage Student Loan Guidelines

Navigating Home Buying with Student Loan Forbearance

In this episode, we explore how student loan forbearance affects the home-buying process. We discuss the significance of credit scores on loan structure and the impact of debt-to-income ratios, particularly highlighting how student loans influence these metrics. The episode breaks down how different loan types (Fannie Mae, Freddie Mac, FHA, VA, USDA) treat Income-Driven Repayment (IDR) plans versus loans in forbearance or deferment, and the strategies you can use to optimize your chances of mortgage approval. 

01:05 Why This Episode?
02:07 Impact of Credit Score on Home Loans
03:37 Debt to Income Ratio Explained
05:02 Income Driven Repayment Plans and Home Loans
05:47 Different Loan Types and Their Guidelines
11:01 Strategizing Your Student Loans for Home Buying
13:09 Conclusion and Key Takeaways