• West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800

FHA Mortgagee Letter 2016-08-Updated Student Loan – Dated April 13, 2016 (Effective June 30, 2016 or Immediate)

FHA Mortgagee Letter 2016-08-Updated Student Loan-Dated April 13, 2016 (Effective June 30, 2016 or Immediate) Rule Synopsis: FHA is making it easier for borrowers with student loans to qualify. The new policy is effective with case numbers ordered on or after June 30, 2016 however lenders may elect to implement the policy immediately. FHA will add a Student Loans section to the 4000.1 Handbook (II.A.4.b.iv.(H) (TOTAL) and II.A.5.a.iv.(G) (Manual)) It will read as follows: (1)

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HUD Gov: How is the monthly payment determined for a student loan under an Income-Based Repayment plan?

HUD Gov: How is the monthly payment determined for a student loan under an Income-Based Repayment plan? Mortgagees must use the guidance in Mortgagee Letter (ML) 16-08 for case numbers assigned on or after June 30, 2016. However, the guidance in this FAQ may be used for case numbers assigned prior to June 30, 2016. The Mortgagee must include the monthly payment shown on the credit report, loan agreement or payment statement to

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Christian Penner , - - - - - North Palm Beach , FL 33408 United States
Phone: (561) 316-6800 Email: TheMortgageTeam@ChristianPenner.com
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