Yet Another Way Student Debt Keeps People from Buying Homes
“‘When you’re in active repayment, you don’t need to make some sort of calculation, because the reality is: You have a student-loan payment amount,’ Habash told me, ‘and that should be factored in.’ FHA loans are often used by people who have higher levels of debt, and who don’t have top-notch credit scores, he says. But when the government is inflating the debt-repayment amount, the would-be-borrowers who might need to use FHA loans the most are left out. It’s a case of two government policies, both intended to help low-income people, that are not communicating well.”