3 Thoughts on Can you still qualify for a mortgage with defaulted student loans?
  1. Reply
    February 2, 2014 at 9:55 pm

    The short answer is “yes.”

    …buttttt, it depends on your credit report. If you have a history of default then it isn’t looking so good. That is why we have a sub-prime market (think very high interest rates).

    Find a mortgage broker in your area that will pull your credit. They will let you know if you are capable of getting a loan.

    Best of luck

  2. Reply
    the dream
    February 2, 2014 at 10:40 pm

    Yes; you will likely have to go through a non-conforming lender; let us recommend 1.

  3. Reply
    February 2, 2014 at 10:53 pm

    Hi there,
    There are many loan products out there that will accomodate for ‘blips’ on your credit history. It still depends on the credit score and type of loan you need but its very possibly to qualify.
    The best thing to do is to first see if you can even qualify – go to a bank or mortgage lender and explain the situation. They will pull your credit, discuss your situation and be able to tell you if you can obtain financing and what the terms will be.
    I am in the mortgage industry and my company is http://www.1stmetropolitan.com. If I can be of any help let me know.
    Hope this was useful! 🙂

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