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#2225481 - 11/12/19 09:08 PM ATR Deferred Student Loans
CometMan Offline
Joined: Mar 2011
Posts: 81
Is there a standard calculation required when analyzing Student Loans in deferment? I have seen everything from 1% to 5% of the outstanding balance. I don't see that the guidance gives a clear answer.

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Ability to Repay/Qualified Mortgage Rule
#2226292 - 11/25/19 08:05 PM Re: ATR Deferred Student Loans CometMan
Shondra Offline
Joined: Apr 2014
Posts: 89
I haven't researched this in a while but I don't recall there being anything specific about this in the reg. We use 1% of the principal balance to calculate student loan payments.

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#2226316 - 11/25/19 10:46 PM Re: ATR Deferred Student Loans CometMan
TMatt87 Offline
Diamond Poster
Joined: May 2011
Posts: 1,935
Fannie Mae uses 1% of the outstanding balance as the monthly payment, so that is what we use as well.
All opinions are my own, not my employer's

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