Do student loans affect a mortgage application?

If any loan against Mortgage security is enjoyed, the security will remained tagged till final adjustment of the said loan.
If student loans allowed against marking lien of collateral security, it can't be released till final adjustment of liability.
So student loans will effect the interest of Mortgage applicant.

Yes to calculate Debt to Income.

No when the payments are deferred for more than 2 yrs. Certain lending guidelines don't consider for the DTI qualification.

Lenders don't necessarily view education debt as a bad thing. Your ability to buy a house when you owe student loans depends largely on your credit score and how much money you make.

 

Not necessarily. When you apply for a mortgage, lenders don't just look at how much you owe; your income is also a factor.

 

Two other factors are also important:

1. The more money you put down, the less risk the lender takes on and the more likely you are to get a mortgage.

2. Especially in today's market, in which lenders are looking for squeaky-clean borrowers, a bigger down payment makes you more attractive.

And, of course, lenders look at your credit score. Here, too, your student loans could have an effect -- but not necessarily negative. When credit scores are calculated, student-loan debt is viewed more favorably than credit-card debt.

Hi, if the collateral being offered is the same as that for a student loan, then it will affect the application. If there is no lien on the property being offerred as collateral, then the bank will check to see if the loan repayment of your student loan is regular and will deduct the installment, while calculating the eligibility for the mortgage application.

Hello Kindly note that the students loans doesn't affect on mortgage loan We exclude it from DER ratio