Whether you have student loans or you just purchased a new car, this program will allow you to have a little more debt and still qualify for a home loan.
Allowing people to have 5% more debt does not seem to have an impact on whether or not default.
So what does this mean, for every $10,000 in income you can have $5000.00 or less in debt.
You will still need good credit.
Let's start working now to make sure we can get you into a home once the changes take place
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