Student Loan Debt Relief—Get A Mortgage

Student Loan Debt Relief Is A Growing Need For Home Buyers

Student loan debt is a quickly growing need. Often, clients with student loans learn that the loan payment is counted on a mortgage even if it is deferred or in forebearance. And as of Oct. 1, 2024, student loan payments have restarted. What most do not know is that student loan delinquency does not show up on a credit report until it is 90 days delinquent, causing credit scores to plummet 100 to 150 points. Student loan defaults are quickly increasing and can prevent clients with federal student loans from getting a government loan such as an FHA, VA, USDA or Reverse mortgage. Additionally wages can be garnished and tax return income withheld. It's imperative for consumers who have student loans and are having issues paying them to consider a repayment plan and do it now before credit is damaged. Clients can find out about all eligible student loan repayment plans, even some that are income-driven, and for FREE at Student Debt Solutions. There is no cost to see all plans available to you. A cost is only applied if you'd like help to implement a new plan.

Check out all mortgage underwriting criteria for student loans here.