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Updated about 8 years ago,
Any thoughts on the new (6-30-16) FHA student loan rule
Hey BP,
Anybody heard of the new FHA student loan rule? As of 6-30-16 I believe, you and your spouses total student loan debt will be calculated differently. Instead of using the amount that you pay a month for your student loans they will use 1% of the total amount when determining your infome to debt ratio.
I feel like this will hender a lot of people from buying homes that use FHA loans. Which means and can also hurt investors that buy and sell in that range.
I think I explained that correctly. Anybody have any thoughts?
-Brandon