mortgage lending and student loans

Student Loans

Loan Type Makesa Difference

Information in presentation intended for real estate professionals only.

John Easterbrook &

Patty Aguon

Mortgage Loan OriginatorLicensed – NMLS # 226555 & 994635

Student Loansthe facts

The Average Amount of Student Debt in

California is $29,400…

…although it’s not uncommon to see $70K - $100K

In California – 52% of graduating students

have student debtSource: CNN Money

Loan Type

Conventional — Student debt must be

accounted for in debt to income…deferred or not.

FHA — Student loans must be accounted in debt

to income – unless they are deferred for over 12

months.

VA — same as FHA

FHA and VA can allow the borrowers with student debt to

purchase more in many cases.

Questions?Call us at (916) 224-7653

Information in presentation intended for real estate professionals

only. Not for consumer use. VITEK Mortgage Group is licensed by

the Department of Business Oversight under the California

Residential Mortgage Lending Act. NMLS # 37408

Real Estate