USDA Changes to Student Loan Payments
Good News! USDA has recently made changes that may allow prospective buyers with student loans more flexibility.
Borrowers in an Income Based Repayment Plan (IBR), Income Contingent (IC), Graduated or Adjustable repayment plan can now qualify with the actual payment of the approved plan.
Borrowers that are not in an approved repayment plan will need to qualify using .50% of the balance or payment noted on credit report whichever is greater.