Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgage: FHA now allowing 0.5% on Student Loans instead of 1%
Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgage: FHA now allowing 0.5% on Student Loans instead of 1% : FHA now allowing 0.5% on Student Loans instead of 1% On Friday, the Federal Housing Administration (FHA ) announced updates to its studen... FHA now allowing 0.5% on Student Loans instead of 1% On Friday, the Federal Housing Administration (FHA ) announced updates to its student loan monthly payment calculations to take steps to remove barriers and provide more access to affordable single-family FHA-insured mortgage financing for creditworthy individuals with student loan debt. The updated policy more closely aligns FHA student loan debt calculation policies with other housing agencies, helping to streamline and simplify originations for borrowers with student loan debt obligations. This announcement enhances FHA’s ability to serve one of its core demographics—first-time homebuyers. For all outst...