Are You Buying A Home With Student Loans Reflecting On Your Credit Report?...

 If you’re going through the pre-approval process right now and you have student loans. Here’s what I want you to do.

If, at this time, your student loan balances are not reflecting a minimum monthly payment. Ask your loan officer or lending company what’s the minimum monthly payment they’re using for qualification? Their response should be 1% or .5%, depending on the mortgage program. 

If your credit report doesn’t reflect a minimum monthly payment and your loan officer or lending company did not account for a minimum monthly payment, you are being misinformed about how much you're pre-approved for. 

Bottom line, make sure an experienced mortgage professional reviews your application, your credit report, and all of your documentation. 

You deserve someone’s undivided and personalized attention when reviewing all of your documents. 

For more information around what mortgage programs are available today when you’re buying a home with student loans, send me a message.

If you have any specific questions regarding the home loan pre-approval process, let me know. To check out all your loan options, our services page. 

“Here’s what to do now… download your free homebuyer ebook, click here.” 

My name is Edgar DeJesus. I’m the mortgage advisor and branch manager of Treasure Coast Home Loans. Call or text, (772) 444-6362, with any questions that will let me separate opinion from opportunity. 

Thank you for taking the time to read my latest real estate and mortgage report.

Start your pre-approval