I am currently in the process of applying for an FHA loan. I understand that if loans are deferred for a year after closing, they do not have to be counted in debt to income ratios. My private student loans are in forbearance, but the payments aren't due until November of 2015. We are scheduled to close on the house by the end of October. Does it matter that they are in forbearance? My thinking is that it shouldn't, since my payments aren't due for at least a year after closing, but I didn't know if the terminology meant anything.
Read more: FHA mortgage and student loan forbearance?
