Are Student Loans/Grants considered “Income” when trying to buy a Foreclosed Apartment through Mortgage Loans?
Hello… I’m interested in buying a foreclosed apartment through mortgage. My only income is student loans and grants, can I use federal aid such as this for income? Thank you!!
Real Estate Professionals
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4 Responses to “Are Student Loans/Grants considered “Income” when trying to buy a Foreclosed Apartment through Mortgage Loans?”
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November 17th, 2009 at 11:42 am
no. if you want to buy something like that, you should probably get a job.
November 20th, 2009 at 11:37 pm
Nr. Die worden niet beschouwd als inkomen aangezien die federale gelden niet toegestaan om voor om het even wat worden gebruikt niet met betrekking tot school zijn.
November 22nd, 2009 at 3:09 pm
No you can’t. Student loans count as debt, not income.
November 25th, 2009 at 3:03 pm
Not any more. Two years ago, we could have gotten you a McMansion on that income. Lenders are looking hard at how you will pay it back, long term, now.