Freddie Mac Student Loan
|Guide Section 5401.2 – Freddie Mac Guide
The student loan payment may be excluded from the monthly debt payment-to-income ratio provided the Mortgage file contains documentation …
Seller/Servicer Guide – Freddie Mac Single-Family
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Guided Answer: Evaluation of Monthly Obligations – Freddie Mac Guide
Liabilities included Section 5401.2(a) (such as student loan payments, installment debts, child support, revolving or 30-day accounts and leases) …
Section 5401.2 – Freddie Mac Guide
The student loan payment may be excluded from the monthly debt payment-to-income …
Common Asked Quetions
What are the eligibility requirements for Freddie Mac student loans?
To be eligible for a Freddie Mac student loan, you must be a U.S. citizen or permanent resident, have a valid Social Security number, and be enrolled in an eligible degree or certificate program at an accredited college or university. You must also meet certain credit and income requirements.
What is the maximum amount that can be borrowed with a Freddie Mac student loan?
The maximum amount that can be borrowed with a Freddie Mac student loan is $100,000.
What types of repayment options are available for Freddie Mac student loans?
The repayment options available for Freddie Mac student loans include standard repayment, graduated repayment, extended repayment, and income-based repayment.
Are there any benefits for borrowers who have a Freddie Mac student loan?
Yes, borrowers who have a Freddie Mac student loan may benefit from flexible repayment options, including income-driven repayment plans, loan forgiveness programs, and deferment or forbearance options.