Student Loans

Student Loan Changes: 2021 FHA Guidelines

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Student Loan Changes: 2021 FHA Guidelines – Latest News

Getting an FHA loan with student loans used to seem super difficult. But, now with FHA’s changes towards student loans, it’s much easier to buy a home with student loans, even if you’re income-driven repayment.

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0:00 2021 FHA Student Loan Guidelines (New Changes!)
0:56 Old Rule
1:40 New Rule
3:02 Example with 50k student loan debt
5:30 Delinquent or Defaulted Loans
6:45 To get off CAIVRS

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Kyle Seagraves
NMLS# 1701021
Motto Mortgage Alliance
8900 N. Dixie Dr.
Dayton, OH 45414
Equal Housing Opportunity

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26 Comments

  1. Win The House You Love
    July 17, 2021 at 12:35 pm

    Will you qualify for an FHA loan? Here are the guidelines → https://youtu.be/S-v9ZxJevfo

  2. Flavia G
    July 17, 2021 at 12:35 pm

    Hey Kyle, do you have a contact number? Very informative content. I am looking to buy my first home and I need some help. Thank you!

  3. charlotte vallas
    July 17, 2021 at 12:35 pm

    When was this implemented? I ask because I just applied for fha last week and the bank used the old rule.

  4. Joshua Dicecco
    July 17, 2021 at 12:35 pm

    Does this also apply to graduated repayment plans?

  5. noni boo
    July 17, 2021 at 12:35 pm

    Where can I get this information to send to my lender

  6. Tosha Perry
    July 17, 2021 at 12:35 pm

    I’m screaming hallelujah!

  7. Blue Violets
    July 17, 2021 at 12:35 pm

    So which do you use if it's deferred? I'm in school right now and working full time. I don't have any other debt

  8. JT Love
    July 17, 2021 at 12:35 pm

    Uhm.. the loan company you recommended (UMortgage) didn’t give me correct info. They said I was preapproved, even got a letter after they took all my financial info (statements, taxes etc) and when I went to get a new house and my credit was run again they said the I wasn’t approved for anything…..!?!?

  9. Dominique Smith
    July 17, 2021 at 12:35 pm

    Hi Kyle. I want to thank you for this and future videos, I tremdiously feel confident and thoroughly informed about my house buying adventure whenever I get to that point hopefully by the end of this year.

    I had a question: have you work with clients that have applied for FHA loans with a temporary job of more then 6 months?

    Thanks

  10. Jorden Hamrick
    July 17, 2021 at 12:35 pm

    How do you share the text from your iPad onto the screen?

  11. Wonda payne
    July 17, 2021 at 12:35 pm

    I was waiting on your response. You break it down so well for clarity

  12. Tierra Lewis
    July 17, 2021 at 12:35 pm

    Great breakdown per usual!

  13. Christopher Gardner-Fernández
    July 17, 2021 at 12:35 pm

    Thank you Kyle for the great info. Great news for a lot of folks. (Nice reminder that elections matter.)

  14. bambam rubble
    July 17, 2021 at 12:35 pm

    Hi Kyle….great info as always! Do you know if this will also apply to USDA?

  15. Tierra Powers
    July 17, 2021 at 12:35 pm

    This changes everything!!! I’m so thankful for your information.

  16. Holleywood Teaching
    July 17, 2021 at 12:35 pm

    This means so much!!

  17. S Joyce Boyer
    July 17, 2021 at 12:35 pm

    Thank you for simplified clarity of the updates. Just the facts.

  18. MaxKito2
    July 17, 2021 at 12:35 pm

    Gosh….my American dream face 🥴
    As if committed a crime “Delinquent” title due to student loans😭😭😭

  19. Belinda Ochoa
    July 17, 2021 at 12:35 pm

    I love your videos and how well you explain mortgage guidelines with examples.

  20. Plastelina
    July 17, 2021 at 12:35 pm

    Thanks for this summary. Clear, succinct and all encompassing. Cheers –

  21. Neo Soul
    July 17, 2021 at 12:35 pm

    Been waiting on this video from you. Thank you!🙃

  22. Shonda Wright
    July 17, 2021 at 12:35 pm

    This is huge! My lender made me come out of my IDR and into a plan paying $400 monthly in order to qualify for FHA. Needless to say, I’m going back on my IDR. Thanks for the info

  23. Flip Mode LLC
    July 17, 2021 at 12:35 pm

    I think it’s so unfair that they have to use the greater I am a teacher and my income will never be what I deserve and I will always be on idr lol smdh

  24. Diego Lara
    July 17, 2021 at 12:35 pm

    So if someone has an actual payment of 1000 a month, but is paying zero dollars due to IBR plans, they will quality for a mortgage loan. What will happen when they start earning more money and are no longer in IBR and now have to pay 1000 a month on top of the mortgage loan. Does no one see the issue with this? This reminds me of what caused the housing bubble in 2008. People that should not of taken on more debt were qualifying for loans they would not be able to afford 2 years down the line ones interest rates increased. When the government tries to help the do not make things better, they only make them worse. The same people who complain that student debt should be forgiven because its not fair that they so easily qualify for student loans are now happy that the same government is making it easier for them to take on more debt on top of the student loan they can't afford.

  25. Matt the Mortgage Guy
    July 17, 2021 at 12:35 pm

    Great video man! Besides all the consumers you are helping with your great content I bet there are thousands of new loan officers that can learn from you. Looking forward to going LIVE Wednesday brother!

  26. A J
    July 17, 2021 at 12:35 pm

    Thank you for the video!