Last week, Fannie Mae unveiled three new programs to help aid current homeowners and future homebuyers who are blocked from eligibility and financing by the burden of student debt.
Fannie Mae first announced an expansion of its cash-out refinance program with SoFi. The GSE also announced the implementation of two other programs to help widen eligibility for borrowers. One helps potential borrowers whose debt is paid by others. The third solution allows lenders to accept student loan payment information on credit reports, making it easier for student debt holders to qualify for a loan.
So, how do these new programs help current homeowners and future homebuyers who are bogged down by student debt when financing a home? Heres an outline…
Read the full article at: http://www.housingwire.com/articles/40038-how-will-fannie-maes-new-student-debt-relief-programs-work-for-homeowners-and-homebuyers
