How do 'in school deferred' Student loans affect mortgage application

[UPSteve98]

Originally Posted by nmb30

You're welcome.
Keep an eye out for property taxes and insurance, I used a rough estimate of $140 per month for taxes and I think $60 or $70 per month for insurance. The interest rate is also going to impact the ratios so watch out for that.

Who's she "passing the docs" to for the pre-approval? That's something most loan officers take care of.

Not sure to be honest. I submitted my docs on Friday. She called and asked a few basic questions (years in school, years in career, etc) and she sent over the application listing out everything. My terms are as follows:

Interest rate: 3.625
30 years, conventional
principal and interest: 667
taxes/insurance: 459
total payment: 1126

the only thing is she didn't include in the liabilities section is the full balance of my student loans, only my student loans from undergrad that were in repayment before I started attending grad school. I called her about this and she said they are not included at this point in the process because they are in deferment.

I'm sending the apps to my Dad/CPA to review before signing anything, but appreciate any feedback.

Thanks!

[UPSteve98]

Thought I would post an update:

The lender included ALL student loans, including those in deferment. like nmb30 noted, I was still within acceptable DTIs for a conventional 30 year.

Long story short, I was approved and now just waiting for the house to finish building so we can close.

Finally allowing myself to get just a *little* bit excited. It ain't over 'til keys are in hand though.

[raikel]

want to know if there is anything we can do to deffer school loans out 3 more months for the 12 month minimum since thats all we need to get underwriters approval?

[Pfhtex]

Originally Posted by raikel

want to know if there is anything we can do to deffer school loans out 3 more months for the 12 month minimum since thats all we need to get underwriters approval?

That has more to do with the Student Loan lender(s) themselves - have you requested additional deferment? You might also request a lowest-payment possible from them so as to assist your debt ratio. Is your lender using a % of the balance, or did you send them the actual payment that you will be making?