Student Loans

Do Student Loans Count As Income – 2021 Guide: Qualifying for a Mortgage With Income-Based Student Loans


Do Student Loans Count As Income – Review

Qualifying for a Mortgage with student loans isn’t easy!

View the Complete 2021 Guide Here –

#mortgagequalifying #studentloans #1percentrule
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At we have been in front of the student loan guidelines since they first started changing in 2015. The changes I am talking about is how a mortgage underwriter is going to your student loan payments when you’re trying to qualify for a home loan.

Since the 1% rule was introduced in 2015, we have helped thousands of homeowners and homebuyers navigate these changes, and connect you with a professional loan officer that has extensive experience with student loan guidelines.

Unfortunately, the most common mistake that we encounter is inexperienced loan officers approving you for a home loan when in fact you do not qualify for that program. That doesn’t mean that you would not qualify for a mortgage, it just means that you will not qualify for the mortgage that you are “pre-approved” for.

Can you imagine? You’ve paid for inspections, started packing, and you find out a week or two before you’re supposed to move that you no longer qualify! It happens every day, but it doesn’t have to.

If you go to the Guide by clicking the link above, scroll down to the comments section below the article. You’ll see hundreds of folks that were in your exact situation, that we were able to connect to an experienced loan officer that can help.

For more expert advice and empowerment:

We have been educating and empowering homeowners at since 2007. We are passionate about making sense of confusing and challenging times for home buyers and homeowners after the great housing recession of 2008. specializes in these challenging issues:

🎓 Qualifying for a mortgage when you have Student Loans –
⏱️ Waiting periods after bankruptcy, foreclosure, short sale or DIL –
🇺🇸 VA manual underwriting expertise – Don’t take “no” for an answer! –
🔓 Unlocking Portfolio loans for the self-employed –
🍎 First-time homebuyer education series –

If you have a complicated question and would like an introduction to a loan officer that we know and trust, you can tap into our network of mortgage experts here –

Thanks for watching the Do Student Loans Count As Income video!

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  1. Jeb Smith
    July 27, 2021 at 4:28 am

    Great information…….You guys have always been on the forefront of addressing potential issues with student loans and qualifying. Good stuff.

  2. smoovekiller2120
    July 27, 2021 at 4:28 am

    So it is my understanding that it’s is .%5. Is this true? And if it is true how does my idr come into play if it is zero

  3. Patricia S
    July 27, 2021 at 4:28 am

    I just heard yesterday that now FHA is accepting the IDR payments. Is this true?

  4. Nessa 23
    July 27, 2021 at 4:28 am

    Thanks to your video, I was able to get my home, matter of fact it's a new construction I will be moving in this summer. So thank you so much for this video!!

  5. Ulysses Cortes
    July 27, 2021 at 4:28 am

    Hello, I am a college student and I plan on getting a mortgage, I do not have a student loan but my income is not high and my income is 1500 per month, both my parents will be in the house and we will divide the cost of the mortgage my four so because the mortgage payment for a $192000 home for 30 years is $900 each of us will actually be paying $225 which would be perfect since rent is so expensive in California. My question is, will I be able to get a mortgage with my income, and also could I add my parent's income due to the fact that they will also be paying part of the loan. I have a 750 credit and I am ready to get my first home but I am afraid that I won't be accepted because of my low income. I hope you have time to answer this message. Thanks.

  6. Kareen Mondesir
    July 27, 2021 at 4:28 am

    Taking notes!

  7. ArtsyLadyCrafter
    July 27, 2021 at 4:28 am

    Have read all comments and somewhat confused. 😕 Is Fannie Mae considered a conventional loan? Is it true that you can't get a conventional loan for less than $50K? I would only be interested in $20-30k. I don't mind getting a pre-owned manufactured home on a tiny lot.

    I'm a senior living on very low Social Security retirement with $45,000 student loans in an income- driven REPAYE plan at $0 payments. I've read here that conventional and Fannie Mae are the way you go. As I watch these vids it becomes a little more clear to me.

    I keep thinking there's hope for me though and then I learn more that dashes that hope. It looks like with my very low income and the student loans they're cancelling out each other's qualification.

    I'm saving now but being in my mid-60s it would take until I'm ancient to accumulate the amount of a standard loan. I'm hoping I can find a low-priced small vacant lot to buy cash and then find a great deal on a preowned, singlewide manufactured home that I can buy cash.

    But getting help through a mortgage loan would allow me to get out of senior subsidized housing sooner and enjoy my life more because I feel miserable. My credit score is over 760 and in 2 mos the only debt I'll have is the student loan, which I planned to start paying on when I get more settled even though my required payments are $0.

    I just feel sad because after decades of struggling I'm finally in a better position but then again not with regards to all of these programs to help people with challenges to buy a home. 😢

  8. tnique07
    July 27, 2021 at 4:28 am

    Hi, I have about $230k in student loans. I was preapproved for a FHA loan. My mortgage lender is asking for a letter from the student loans lender— fully amortized payment schedule. My student loan lender (Navient) does not provide amortization letters. Is there any way around this? Is there something I can tell them to convince them to give me one?

  9. amanda engelman
    July 27, 2021 at 4:28 am

    Well…I'm screwed. I applied through Rocket Mortgage. Was called by a loan officer and told he could get me an FHA loan. Then he put me on hold to crunch numbers. He came back and said that because student loans are in deferment for everyone because of Covid, he had to use the 1% and it added 900 to my DTI and made it 80% with my $1000 mortgage payment. I said "Well, what if I turn payments back on so the actual monthly charge shows up?" He said "You can get on an income based payment plan, but you have to make 3 payments before we count it" So I went to my loan servicer today and filled out all the forms for PSLF and IBP. I chose Pay as you Earn. My payment is now 134 a month and will only get as high as 334 a month. I'm a teacher, so after 120 payments, the balance will be forgiven. It shows a payoff date of March 2031. My credit score isn't high enough for anything but an FHA loan and I desperately need a home for my son and I. This is so confusing!

  10. alessandra
    July 27, 2021 at 4:28 am

    There are many loan officers who dont know what the hell they doing. They say with the conventional loan they have to use 1%! That doesnt make no sense especially from all my research if ur at zero for repayment thats what should be used because i think its freddie mac that says they use whatever u have even if its zero

  11. Nessa 23
    July 27, 2021 at 4:28 am

    I have $159K in student loans—graduated in Sept 2019 with Masters, I was told I have to get a FHA loan because I went thru my city for the 1st buyer down payment assistance program. So with that said, what are my options. Because I was working with an underwriter and he told me that he would have to add $1500 to my debt to ratio income. Please advise me as what to do.

  12. Hhonda Eleazar
    July 27, 2021 at 4:28 am

    Do you have to include owed students loans if it does not show up on your credit report? But you are repaying it through an income basic payment plan through your employment.

  13. Nadege Nura
    July 27, 2021 at 4:28 am

    Am here in the Dallas Fort Worth area, looking for an experienced lender. The only debt I have is my student loan. Please contact me if you can help.

  14. Langston Patterson
    July 27, 2021 at 4:28 am

    Good info!

  15. Nora Stocks
    July 27, 2021 at 4:28 am

    Hi, if I am on a Graduated Extended payment plan, can the payment I am required to make be used in my DTI calculation. Please note, the Graduated Extended plan does not calculate your payment based upon income, but instead gives you 25 years to fully pay the student loan. Nothing is or can be forgiven under this payment plan. This is basically a standard payment plan with 15 years added stretching out the payment over a 25 year period instead of a 10 year period. This makes you payments lower. And yeah you pay more interest but the payment is much more manageable than trying to pay it all off in 10 years.

  16. NoMercyHawk
    July 27, 2021 at 4:28 am

    I make 85k salary and receive a yearly bonus of about 50k. I currently have 85k in student loans. The only other debt is my car payment which is $550 a month. I will have that paid off before I apply. So using 1% of my student loans, will my income be enough with that much debt to purchase?

  17. Roger L
    July 27, 2021 at 4:28 am

    Just ran in to this issue today. Instead of 1% the loan officer submitted that I pay only $150 mo. For student loans as I have been for years. I hope the underwriter realizes this.

  18. Fee Marie
    July 27, 2021 at 4:28 am

    I am 2.5 years out of chapter 7. I am currently a graduate student and my student loans are in deferment due to me being a student. Will I be held to the 1%? Being a student do I still have the option to consider the fully amortized rout? Thank you in advance for any guidance you are able to share with me. I really don't want to wait 4 years to go the conventional route 😫

  19. Y F
    July 27, 2021 at 4:28 am

    If I have approximately 44,000 in student loans & currently in REPAYE plan , which repayment plan would you recommend I be in that can help me to get preapproved & Once approved go back into an IBR plan. Would you suggest FHA or Conventional route ?

  20. Sumer Watson
    July 27, 2021 at 4:28 am

    Well this is our situation and I would love to find a loophole for our situation. My husband has student loan debt bout 230,000 dollars actually and we also have a bankruptcy so.. our credit scores are great we’ve worked really hard but to get a conventional loan we have to wait until we’re 4 yrs out of bankruptcy and even then our DTI is still high so… we are basically screwed! And what’s so funny is that rent is extremely high but yet a mortgage is way cheaper to afford but they say it’s more expensive and you can’t afford it?! It’s stupid logic. If you can figure out the magic equation out of this problem. Let me know.

  21. Lance G
    July 27, 2021 at 4:28 am

    What about if your credit score is not as high as for usda or conventional or else and you can only qualify for FHA only?

    What to do if your student loan is in default and your mortgage broker asked to take it off default. How you do that?

  22. Ms. Ashleigh
    July 27, 2021 at 4:28 am

    I’m on an income base repayment plan but I only pay $28 a month. Will the lender use that amount to calculate in my DTI or 1% of the whole loan?