Video Transcript:
Your very low student loan payment could stop you from buying a house. It sounds crazy, but FHA rules often ignore your actual payment amount. It's a hidden trap. I’m David Ghazaryan, and I build loan strategies by looking at the deep rules. I connect your finances to the lender’s system to find a clear path. With FHA, if your payment is low, they might use a new number. They calculate 0.5% of your total loan instead. So your $150 payment becomes $600. But a conventional loan works differently. It uses your real payment from your credit report. This one small change gives you much more buying power now. What if your student loan payment is zero? FHA still creates a monthly debt. But a conventional loan can actually use zero, greatly changing your home price. The right choice depends on your whole picture. I post more analyses on social media and the website. See the links below for the full article.
Read Blog Here: https://www.iqratemortgages.com/blog/fha-vs-conventional-loan-with-student-debt-in-california
