Zillow Advice: Credit Scores - Student Loan -- Debt to Income ratio? http://www.zillow.com/advice-thread/Student-Loan-Debt-to-Income-ratio/492351/ Zillow Advice | Zillow Real Estate FHA will typically not require ... http://www.zillow.com/advice-thread/Student-Loan-Debt-to-Income-ratio/492351/ FHA will typically not require you to add deferred students loans into the debt ratio if you can show that the loans will be deferred for at least 12 months from the time of closing. Wed, 22 May 2013 22:44:00 GMT http://www.zillow.com/advice-thread/Student-Loan-Debt-to-Income-ratio/492351/ 2013-05-22T22:44:00Z User,FHA is looser on the ... http://www.zillow.com/advice-thread/Student-Loan-Debt-to-Income-ratio/492351/ User,<br/><br/>FHA is looser on the student loans, but you pay through the nose for it. If you have 10% down, you are way&nbsp;better off trying to go conventional. It is better to have&nbsp;a little higher rate&nbsp;with a lower payment than a lower rate with MI jacking up your payment.&nbsp;FHA is actually the expensve loan. The&nbsp;mortgage insurance premium and monthly MI is&nbsp;"horrendous". The fact that by the time you buy, you will have the monthly MI for the life of the loan is also "horrendous". <br/>The hard part about derferred loans is that they are deferred for 12 months at a time usually and you have to show the underwriter they will be deferred for 12 months to get them taken out of your DTI. So, you need to have them deferred at the same time you are closing. If your credit report shows a $0 payment, the lender will need to use 2% of the balance for the payment. &nbsp;<br/>It is a good time to get your foot in the door of home ownership. As rental rates hit all time highs and the housing costs start to ramp back up, time is money. Wed, 22 May 2013 21:04:00 GMT http://www.zillow.com/advice-thread/Student-Loan-Debt-to-Income-ratio/492351/ 2013-05-22T21:04:00Z FHA is pretty easy.&nbsp; ... http://www.zillow.com/advice-thread/Student-Loan-Debt-to-Income-ratio/492351/ FHA is pretty easy.&nbsp; If you can show they are in deferred for at least a year then they will not be counted against you.&nbsp; Also your credit score will matter, anything under a 640 I wouldn't even bother your rates will be horrendous and you'll be paying for it for a long time. Wed, 15 May 2013 06:32:00 GMT http://www.zillow.com/advice-thread/Student-Loan-Debt-to-Income-ratio/492351/ 2013-05-15T06:32:00Z