2017 fannie mae student loan changes, conventional loan guidelines student loans, Fannie Mae, fannie mae kentucky, kentucky student loans, STUDENT LOANS.

Kentucky First Time Home Buyer Loan Programs for FHA, VA, KHC, USDA, Mortgage Loans in Kentucky for 2019

Kentucky Mortgage Guidelines Changes  on Student Loans for Conventional Mortgage Fannie Mae Mortgage loans. 
Kentucky Mortgage approval and Student Loan Calculations:
The FNMA student loan calculation has been amended to the following
  • If the credit report lists a payment amount, then the listed amount can be used for qualifying purposes
  • If the credit reports lists a $0 payment or no payment at all, either of the following calculations can be used
    • o   1% of the outstanding student loan balance; OR
    • o   A calculated payment that will fully amortize the loan based on the loan repayment terms
Note: This applies to deferred student loans as well, no matter the length of deferment.
Cash-Out Refinances for Student Loans and getting a Fannie Mae Approval
Fannie Mae  is now offering to waive cash-out pricing adjustments for borrowers which are paying off student loans. Any borrower that meets all of the following requirements will essentially…

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