Closing on my first home. Advice for anyone with student loans in administrative forbearance per the Cares act: once your offer is accepted have you student loan servicer put your account back in repayment status.

Accounts in forbearance, even administrative forbearance, are calculated at a higher monthly payment by the underwriter.

My fictitious debt to income ratio was too high for them to approve me, and it took seven days for my loan to be officially back in repayment. So just a heads up.

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Yikes! Did you lose out on the home or are you still under contract ?

I'm good! And still going to close on time, thankfully.
But it seemed to catch everyone in the process off guard. I guess outside of Covid relief there aren't many context in which someone with a loan in forbearance would be applying for a mortgage.

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