How do mortgage lenders look at student loans?
November 20, 2012 10:05 AM Subscribe
How do mortgage lenders take into account student loans when calculating whether and how much to lend? Special details inside...
posted by percor to Work & Money (6 answers total)
My husband's income and credit history will be what they look at, since I am a sahm. He has very good credit and no debt...except for student loans that amount to about 3/4 of the cost of the homes we are looking at. His yearly income is roughly a third of the house price. Final details: we are in the American Midwest, and a parent is paying the whole monthly payment for the loans for ten years.