Monday, June 1, 2015

Kentucky FHA Student loans Credit Underwriting Change June 2015

Kentucky FHA Credit Deferred Installment Debt:

Student loans under Income Based repayment plans with payments greater than $0.00 are acceptable. Payments of $0.00 under an IBR plan are not acceptable and will be subject to a payment calculation of 2% of the outstanding balance of the loan. If payments are not listed on the credit report and cannot be verified with the creditor, the payment will be calculated using 2% of the outstanding balance of the loan.



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Joel Lobb
Senior  Loan Officer
(NMLS#57916)



 phone: (502) 905-3708
 Fax:     (502) 327-9119

 Company ID #1364 | MB73346
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