mortgage lending and student loans
TRANSCRIPT
![Page 1: Mortgage Lending and Student Loans](https://reader035.vdocuments.us/reader035/viewer/2022071813/55a44d0f1a28ab85448b4625/html5/thumbnails/1.jpg)
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
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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
Information in presentation intended for real estate professionals only.
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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.
Information in presentation intended for real estate professionals only.
![Page 4: Mortgage Lending and Student Loans](https://reader035.vdocuments.us/reader035/viewer/2022071813/55a44d0f1a28ab85448b4625/html5/thumbnails/4.jpg)
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