Fannie Mae Makes Significant Changes To Help People With Student Debt Get Loans

Watch the video and learn about the significant changes announced by Fannie Mae to help people burdened with student debt qualify to get a home mortgage.  In summary:

  • If you can document that someone else is paying your student loan (employer, parent, etc.) it will no longer count against your debt-to-income ratio.
  • If you are on a reduced payment of your student loan through a special program, the full payment amount will no longer be used, the reduced payment will now be used to count against your debt-to-income ratio.
  • The debt-to-income ratio has been increased from 45% to 50% for everyone.

These are all significant changes to Fannie Mae's program, and should help a lot of people now qualify to buy their first home.  Watch the video to get more in-depth information, and contact us to help you get qualified and find the perfect new home.