Category Archives: STUDENT LOANS

How Does Student Loans Affect A Mortgage Loan Approval in Kentucky ?


As more Kentuckians go back to school to further their education, this usually involved for some people student loans to finance their post-secondary high school education. Below I did a summary for the different types of loans for Kentucky Home Buyers and owners for:, FHA, VA, USDA, Fannie Mae and how each loan program effects the borrower and their status […]
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Kentucky FHA Mortgage Loan Updates For You


Kentucky FHA Mortgage Loan Updates For You Full commissioned buyer with 1 year on the job pre-approved:  FHA will allow for a borrower to only be commissioned sales for 1 year! FHA’s new student loan guideline:  FHA’s new bulletin announces that lenders can no longer use an IBR (Income Based Repayment) for figuring student loan […]
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KENTUCKY FHA STUDENT LOAN POLICY UPDATES


April 18, 2016   KENTUCKY MORTGAGE FHA STUDENT LOAN POLICY UPDATES On April 12, 2016, HUD announced a policy change to provide guidance on calculating student loan payments for a FHA Mortgage loan approval.  Per ML 2016-08, this policy is effective for all loans with case numbers assigned on or after June 30, 2016, however, […]
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