How Student Loan Debt Affects Your Mortgage Application

Episode 27 of Debt Payoff with Fexingo: Lucas and Luna break down how student loan debt impacts mortgage approval and interest rates. Using a real example — a borrower with $35,000 in student loans earning $65,000 a year — they explain the debt-to-income ratio, how lenders calculate monthly payments even on deferred loans, and the little-known rule about 0.5% of the outstanding balance. They also cover the FHA's 1% rule change and how paying off small debts can backfire. Plus, why Fexingo stays ad-free and how listeners can support the show at buy me a coffee dot com slash fexingo. #StudentLoanDebt #MortgageApplication #DebtToIncomeRatio #FHA #ConventionalLoan #HomeBuying #DeferredStudentLoans #MortgageApproval #DebtPayoff #FexingoBusiness #BusinessPodcast #Finance #PersonalFinance #CreditScore #HousingMarket #LoanOfficer #DebtManagement #FirstTimeHomeBuyer Keep every episode free: buymeacoffee.com/fexingo