• 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

Student Loans by Loan Type

Student Loans by Loan Type Conventional Student loans must be included in the borrower’s liabilities, regardless of payment type or status of payments (cannot exclude based on a deferral or forbearance).   •   Fannie Mae: o 1% of the outstanding balance on the loan; or o The actual payment that will fully amortize the loan as documented on the credit report or by the lender (the credit report must indicate it is a fully amortized payment;

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Student Loans – Understanding the new Calculations that go into affect June 30th 2016

Student Loans – Understanding the new Calculations that go into affect June 30th 2016 You know that loan you closed last week with the borrower who had $85,000 in student loan debt but qualified with a $96 Income Based Repayment (IBR) plan monthly payment? Well that will only happen again if you grab a case number before June 30, because after that the party’s over. The student loan payment controversy will

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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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