Exactly how lenders consider month-to-month student loan payments
Fannie Mae’s HomeReady mortgage and Freddie Mac’s Domestic Possible loan could best suit very first-big date home buyers which have education loan financial obligation.
These types of antique financing software are specially designed for homebuyers that have low income and higher obligations profile. You might be able to find recognized having a DTI ratio of up to fifty% which have compensating things, and a down payment out-of only step three% try desired. (suite…)