Your Fannie Mae lender will use one of the following calculations: It makes sense since eventually, you will have to make the student loan payments and the mortgage at the same time. Even though this payment could be deferred for several years, Fannie Mae wants lenders to make sure the borrower can afford the mortgage payment with the student loan. Calculating Deferred Loan Paymentsįannie Mae allows lenders to use one of two methods when determining the required payment on a deferred loan.
Just how does Fannie Mae look at those payments, though? This means you may not owe payments for a few years. Luckily, many student loans can be deferred. College graduates often come home laden with student debt.
