Specialized In Jumbo Loans, Investor Loans, DSCR Loans, Non-QM Financing, Commercial Mortgages, and Tax-Informed Lending Strategies
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David Ghazaryan
Owner / Broker / Banker
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(702) 766-3744
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FHA lenders are now required to use your actual documented student loan payment from plans like SAVE for mortgage qualification, even if the payment is zero.
This policy significantly helps homebuyers by lowering their calculated debt-to-income (DTI) ratio, making it easier to qualify for a home loan.
To take advantage of this rule, you must provide your lender with official statements from your student loan servicer that clearly show your name, account, and monthly payment amount.
Read the full blog article here: https://www.iqratemortgages.com/blog/how-the-save-plan-affects-your-california-fha-mortgage-dti
Lenders see your low student payment and might say no. I am David Ghazaryan. I show lenders exactly what to use. The FHA rule uses your real payment, even if it's zero. This one small rule means you can afford more house. Different loans might use a high, fake payment to stop you. My analysis continues on my site. Find all links below.
Read Blog Here: https://www.iqratemortgages.com/blog/how-the-save-plan-affects-your-california-fha-mortgage-dti
