Fannie Mae Student Loans Mortgage Guidelines Relax to Help Buy a Home
A recent USA Today article stated “Americans now have more than $1.4 trillion in unpaid education debt, according to the Federal Reserve”. Average student loan debt for 2015 graduates in North Carolina is $25,645. Plus many graduates have so much more. It is not uncommon for a buyer to owe $50,000 – $100,000 or more. This is a serious hindrance when it comes to buying a home. But lately lending agencies have started loosening guidelines to help homebuyers. Fannie Mae student loans are the latest to treat student loan payments differently. Therefore, Fannie Mae released very flexible and lenient ways to help homebuyers with student loan debt . Fannie Mae Student Loans Simplified to Help Buyers It is better late than never that Fannie Mae allowed for easier mortgage qualification with existing student loan debt. VA loans and Freddie Mac conventional loans alre...