DIRECT STUDENT LOAN

Can They Denied You A Home Loan If You Already Have A Student Loan?

4 Aug, 2009  DIRECT STUDENT LOAN Q&A

6 Comments so far »

1. DAVE said

   am August 4 2009 @ 10:18 pm

   Yes they can deny you because of a student loan. If the student loan has a high balance and a high monthly payment this affects your DTI (debt to income ratio).
   There are other ways around it your mortgage company needs to know how to structure your loan properly. You should ask to see if there is anything they can do to fix this problem.

2. Victoria Dingley said

   am August 5 2009 @ 3:46 am

   Hello,
   In regards to your question i would advice you to visit Clarkson Micro Finance Incorporated.
   Three months ago when i had a bad credit a friend of mine introduced me to them, Inspite of my bad credit they were able to lend me a loan of 25,000, British pounds within the space of two days of which i used to revive my business, I think you too can do the same as well.
   You can reach them via clarksonfinancescheme@yahoo.com
   Sincerely,
   Victoria Dingley,
   From Newcastle, England.

3. godged said

   am August 5 2009 @ 5:51 am

   Yes. Although there is typically many factors that weigh into the decision, a student loan could push your debt to income out of the realm that a lender will give you a mortgage.

4. Matt K said

   am August 5 2009 @ 8:01 am

   It depends upon your gross monthly income compared to your total monthly payments on debt.
   If your student loan payment were really high in comparison to your monthly income, then yes, this could mean you do not have enough room for a mortgage.
   They would disqualify you under debt to income ratio being too high. Again, it all depends on how much your monthly payments are in relation to your income.

5. WP Robot Plugin said

   am August 5 2009 @ 12:59 pm

   no. denial for loan is low score, no score, bad credit lines, no creit lines, default on current credit lines, not enough income too much debt, no income, no job, etc.

6. leonard s said

   am August 5 2009 @ 3:56 pm

   sure they can.they can denied a loan for a lot of reasons

7. AnnuityPayments said

   am May 18 2010 @ 9:56 pm

   Can they denied you a home loan if you already have a student loan? http://bit.ly/dbv9CT

8. HomeLoanCentral said

   am May 21 2010 @ 9:57 am

   Home Loan update: Can they denied you a home loan if you already have a student loan? http://bit.ly/aniTBr

9. AnnuityPayments said

   am June 29 2010 @ 10:30 am

   Can they denied you a home loan if you already have a student loan? http://bit.ly/95kV5f

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