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AndreaWH

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My student loans are currently in forbearance, will this hurt my chances of purchasing a home?
My student loans are currently in forbearance, my credit score is 640, will this hurt my chances of buying a home?

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Again, the first answer is bad information, which is pretty consistent with that poster. The answer to your question is that having student loans in forebearance does not disqualify you from buying a home and NO, you dont have to have them paid off. The lender will have to evaluate how long they are in forebearance for to make a determination whether to use those payments as a calculation against your monthly debt payments. Even if you are not currently paying, they most likely will consider the debt payment in your DTI.As long as your debt to income ratios are in line with the lending guidelines with the student loan payments factored in, you should be fine as long as all other loan criteria are fine.

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Forebearance is not an indefinite situation.  That will end in due time and you are going to have to start paying on those loans, which will remain collectable until they are paid in full, no matter how long it takes, and they cannot be discharged in bankruptcy except in extreme cases.  They are going to affect your credit until paid off so buying a house may have to wait until you get this debt paid.  

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