{"id":6144,"date":"2017-05-05T19:44:25","date_gmt":"2017-05-05T23:44:25","guid":{"rendered":"http:\/\/teammovemortgage.com\/?p=6144"},"modified":"2020-07-13T22:29:02","modified_gmt":"2020-07-13T22:29:02","slug":"fannie-mae-student-loans","status":"publish","type":"post","link":"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/","title":{"rendered":"Fannie Mae Student Loans Mortgage Guidelines Relax to Help Buy a Home"},"content":{"rendered":"

A recent USA Today article<\/a> stated “Americans now have more than $1.4 trillion in unpaid education debt, according to the Federal Reserve”.\u00a0 Average student loan debt <\/a>for 2015 graduates in North Carolina is $25,645.\u00a0 Plus many graduates have so much more.\u00a0 It is not uncommon for a buyer to owe $50,000 – $100,000 or more.\u00a0 This is a serious hindrance when it comes to buying a home.\u00a0 But lately lending agencies have started loosening guidelines to help homebuyers.\u00a0 Fannie Mae student loans are the latest to treat student loan payments differently.\u00a0 Therefore, Fannie Mae released very flexible and lenient ways to help homebuyers with student loan debt<\/a>.<\/p>\n

Fannie Mae Student Loans Simplified to Help Buyers\"fannie<\/h2>\n

It is better late than never that Fannie Mae<\/a>\u00a0allowed for easier\u00a0mortgage qualification with\u00a0existing student loan debt.\u00a0 VA loans <\/a>and Freddie Mac conventional <\/a>loans already have some flexible ways to help buyers.\u00a0 So now Fannie Mae steps up for borrowers using a conventional loan\u00a0to purchase\u00a0a home.\u00a0 They do this by enhancing several guidelines that replace earlier ones during the downturn in the economy.<\/p>\n

Fannie Mae Student Loans Payment Calculation<\/h3>\n

The first of the student loan changes deals with how minimum payments are calculated.\u00a0 Lenders qualify borrowers based on debt ratios.\u00a0 Debt ratios are calculated by comparing monthly debt payments including the new mortgage payment to the monthly income.\u00a0 But student loans are\u00a0tougher to figure as a car loan\u00a0that has the same payment\u00a0the whole\u00a0term.\u00a0 Student loan payment options include fully amortized over\u00a0a term, graduated payments, Income Based Repayment <\/a>(IBR), deferred, or in forbearance.\u00a0 The recent changes simplify calculating minimum payments for IBR student loans.<\/p>\n

Prior to this change, lenders had to use 1% of the outstanding balance as a minimum payment.\u00a0 So this 1% minimum student loan payment caused many buyers to get denied for excessive debt to income ratio.\u00a0 But now using the credit report payment is allowed\u00a0as long as it is not $0 or deferred.\u00a0 If the credit report doesn’t state a payment amount or it is $0, the lender has two options.\u00a0 First, using 1% of the outstanding balance would be used.\u00a0 Next, calculating a fully amortized payment based on the documented loan repayment terms could be used.\u00a0 Either option may be used to help the buyer qualify for a home purchase.<\/p>\n

[av_button_big label=’See How Affordable a USDA Loan Could Be’ description_pos=’below’ link=’manually,http:\/\/teammovemortgage.com\/mortgage-calculators\/#usda-mortgage-calculator’ link_target=’_blank’ icon_select=’no’ icon=’ue800′ font=’entypo-fontello’ custom_font=’#ffffff’ color=’theme-color’ custom_bg=’#444444′ color_hover=’theme-color-subtle’ custom_bg_hover=’#444444′]
\nUse our Smart USDA Payment Calculator
\n[\/av_button_big]<\/p>\n

Fannie Mae Requirements for Debts Paid By Others<\/h3>\n

Another area that restricts homebuyers of all ages is student loan payments paid by others.\u00a0 For instance, student loan payments in the parents’ name paid by the children had to be counted in the qualification of all parties.\u00a0 But now lenders may exclude student loan payments from a buyer’s debt ratio if the last 12 payments are proved to be paid by another.\u00a0 In addition to student loan payments, installment loans and other monthly debts other than mortgage may be excluded.\u00a0 This could be huge in qualifying for a home purchase.\u00a0 In order to prove this exclusion, make sure to provide the last 12 months cancelled checks for the debt.<\/p>\n

Many organizations, politicians, Realtors<\/a>, and mostly buyers hope that the mortgage industry will loosen guidelines.\u00a0 So it is with guideline changes like these at the agency levels that will help.\u00a0\u00a0The dream of homeownership\u00a0may now\u00a0be achieved by more renters or others living with family.\u00a0 This is especially helpful for millennials.\u00a0\u00a0Millennials are the ones that have taken the brunt of the high cost of a college education.\u00a0 It is our goal to help as many families achieve homeownership affordably and ethically.<\/p>\n

[av_button_big label=’Contact our Expert Loan Officers Today 844-340-6683′ description_pos=’below’ link=’manually,http:\/\/teammovemortgage.com\/contact-us\/’ link_target=’_blank’ icon_select=’no’ icon=’ue800′ font=’entypo-fontello’ custom_font=’#ffffff’ color=’theme-color’ custom_bg=’#444444′ color_hover=’theme-color-subtle’ custom_bg_hover=’#444444′][\/av_button_big]<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

A recent USA Today article stated “Americans now have more than $1.4 trillion in unpaid education debt, according to the Federal Reserve”.\u00a0 Average student loan debt for 2015 graduates in North Carolina is $25,645.\u00a0 Plus many graduates have so much more.\u00a0 It is not uncommon for a buyer to owe $50,000 – $100,000 or more.\u00a0 […]<\/p>\n","protected":false},"author":2,"featured_media":5030,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5,33,17,19,40],"tags":[924,925,926,927,928,929,930],"class_list":["post-6144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1st-time-buyers","category-frequently-asked-questions","category-products","category-recent-changes","category-tips","tag-buying-a-home-with-student-loans-in-deferment","tag-buying-a-house-with-ibr-student-loans","tag-buying-a-house-with-student-loans","tag-deferred-student-loans-fannie-mae","tag-fannie-mae-student-loans","tag-qualifying-for-a-mortgage-with-income-based-repayment-student-loans","tag-student-loans-fannie-mae"],"acf":[],"yoast_head":"\nFannie Mae Student Loans Mortgage Guidelines Relax to Help Buy a Home<\/title>\n<meta name=\"description\" content=\"Fannie Mae Student Loans guidelines have loosened! Student loan debt has been a hindrance in a home purchase qualification, but see the new improvements\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fannie Mae Student Loans Mortgage Guidelines Relax to Help Buy a Home\" \/>\n<meta property=\"og:description\" content=\"Fannie Mae Student Loans guidelines have loosened! Student loan debt has been a hindrance in a home purchase qualification, but see the new improvements\" \/>\n<meta property=\"og:url\" content=\"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/\" \/>\n<meta property=\"og:site_name\" content=\"Team Move Mortgage Blog\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-05T23:44:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-13T22:29:02+00:00\" \/>\n<meta name=\"author\" content=\"Russell Smith\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Russell Smith\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/\"},\"author\":{\"name\":\"Russell Smith\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/fbcb9952207d77d752ba9074b82fad37\"},\"headline\":\"Fannie Mae Student Loans Mortgage Guidelines Relax to Help Buy a Home\",\"datePublished\":\"2017-05-05T23:44:25+00:00\",\"dateModified\":\"2020-07-13T22:29:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/\"},\"wordCount\":694,\"publisher\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"buying a home with student loans in deferment\",\"buying a house with IBR student loans\",\"buying a house with student loans\",\"deferred student loans fannie mae\",\"fannie mae student loans\",\"qualifying for a mortgage with income based repayment student loans\",\"student loans fannie mae\"],\"articleSection\":[\"1st Time Buyers\",\"Frequently Asked Questions\",\"Products\",\"Recent Changes\",\"Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/\",\"url\":\"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/\",\"name\":\"Fannie Mae Student Loans Mortgage Guidelines Relax to Help Buy a Home\",\"isPartOf\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2017-05-05T23:44:25+00:00\",\"dateModified\":\"2020-07-13T22:29:02+00:00\",\"description\":\"Fannie Mae Student Loans guidelines have loosened! Student loan debt has been a hindrance in a home purchase qualification, but see the new improvements\",\"breadcrumb\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/teammovemortgage.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fannie Mae Student Loans Mortgage Guidelines Relax to Help Buy a Home\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#website\",\"url\":\"https:\/\/teammovemortgage.com\/blog\/\",\"name\":\"Team Move Mortgage Blog\",\"description\":\"Team Move Mortgage Blog and Resources\",\"publisher\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/teammovemortgage.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#organization\",\"name\":\"Team Move Mortgage Blog\",\"url\":\"https:\/\/teammovemortgage.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/teammovemortgage.com\/blog\/wp-content\/uploads\/2026\/02\/team_move_logo-1.png\",\"contentUrl\":\"https:\/\/teammovemortgage.com\/blog\/wp-content\/uploads\/2026\/02\/team_move_logo-1.png\",\"width\":317,\"height\":86,\"caption\":\"Team Move Mortgage Blog\"},\"image\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/fbcb9952207d77d752ba9074b82fad37\",\"name\":\"Russell Smith\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b9cf1b757a19f9e1f5cb92936b94ade3f42fa9c7b0a26278141331f05509b596?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b9cf1b757a19f9e1f5cb92936b94ade3f42fa9c7b0a26278141331f05509b596?s=96&d=mm&r=g\",\"caption\":\"Russell Smith\"},\"sameAs\":[\"https:\/\/teammovemortgage.com\"],\"url\":\"https:\/\/teammovemortgage.com\/blog\/author\/russellsmith\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Fannie Mae Student Loans Mortgage Guidelines Relax to Help Buy a Home","description":"Fannie Mae Student Loans guidelines have loosened! Student loan debt has been a hindrance in a home purchase qualification, but see the new improvements","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/","og_locale":"en_US","og_type":"article","og_title":"Fannie Mae Student Loans Mortgage Guidelines Relax to Help Buy a Home","og_description":"Fannie Mae Student Loans guidelines have loosened! Student loan debt has been a hindrance in a home purchase qualification, but see the new improvements","og_url":"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/","og_site_name":"Team Move Mortgage Blog","article_published_time":"2017-05-05T23:44:25+00:00","article_modified_time":"2020-07-13T22:29:02+00:00","author":"Russell Smith","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Russell Smith","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/#article","isPartOf":{"@id":"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/"},"author":{"name":"Russell Smith","@id":"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/fbcb9952207d77d752ba9074b82fad37"},"headline":"Fannie Mae Student Loans Mortgage Guidelines Relax to Help Buy a Home","datePublished":"2017-05-05T23:44:25+00:00","dateModified":"2020-07-13T22:29:02+00:00","mainEntityOfPage":{"@id":"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/"},"wordCount":694,"publisher":{"@id":"https:\/\/teammovemortgage.com\/blog\/#organization"},"image":{"@id":"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/#primaryimage"},"thumbnailUrl":"","keywords":["buying a home with student loans in deferment","buying a house with IBR student loans","buying a house with student loans","deferred student loans fannie mae","fannie mae student loans","qualifying for a mortgage with income based repayment student loans","student loans fannie mae"],"articleSection":["1st Time Buyers","Frequently Asked Questions","Products","Recent Changes","Tips"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/","url":"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/","name":"Fannie Mae Student Loans Mortgage Guidelines Relax to Help Buy a Home","isPartOf":{"@id":"https:\/\/teammovemortgage.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/#primaryimage"},"image":{"@id":"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/#primaryimage"},"thumbnailUrl":"","datePublished":"2017-05-05T23:44:25+00:00","dateModified":"2020-07-13T22:29:02+00:00","description":"Fannie Mae Student Loans guidelines have loosened! Student loan debt has been a hindrance in a home purchase qualification, but see the new improvements","breadcrumb":{"@id":"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/teammovemortgage.com\/blog\/fannie-mae-student-loans\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/teammovemortgage.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Fannie Mae Student Loans Mortgage Guidelines Relax to Help Buy a Home"}]},{"@type":"WebSite","@id":"https:\/\/teammovemortgage.com\/blog\/#website","url":"https:\/\/teammovemortgage.com\/blog\/","name":"Team Move Mortgage Blog","description":"Team Move Mortgage Blog and Resources","publisher":{"@id":"https:\/\/teammovemortgage.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/teammovemortgage.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/teammovemortgage.com\/blog\/#organization","name":"Team Move Mortgage Blog","url":"https:\/\/teammovemortgage.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/teammovemortgage.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/teammovemortgage.com\/blog\/wp-content\/uploads\/2026\/02\/team_move_logo-1.png","contentUrl":"https:\/\/teammovemortgage.com\/blog\/wp-content\/uploads\/2026\/02\/team_move_logo-1.png","width":317,"height":86,"caption":"Team Move Mortgage Blog"},"image":{"@id":"https:\/\/teammovemortgage.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/fbcb9952207d77d752ba9074b82fad37","name":"Russell Smith","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b9cf1b757a19f9e1f5cb92936b94ade3f42fa9c7b0a26278141331f05509b596?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b9cf1b757a19f9e1f5cb92936b94ade3f42fa9c7b0a26278141331f05509b596?s=96&d=mm&r=g","caption":"Russell Smith"},"sameAs":["https:\/\/teammovemortgage.com"],"url":"https:\/\/teammovemortgage.com\/blog\/author\/russellsmith\/"}]}},"_links":{"self":[{"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/posts\/6144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/comments?post=6144"}],"version-history":[{"count":1,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/posts\/6144\/revisions"}],"predecessor-version":[{"id":9364,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/posts\/6144\/revisions\/9364"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/media?parent=6144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/categories?post=6144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/tags?post=6144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}