It will depend on the REASON you are in the Forbearance Program. However, if you receive Forbearance because you qualify as a Member of the Military (for instance) then we will likely be able to help you get a mortgage and buy a house. Those situations will likely make it difficult to get a mortgage. There are situations where you might need a Forbearance, because you’ve gotten behind with payments, and just can’t get caught up any other way. I’ve been asked recently about the difference between Student Loans that are Deferred, and Student Loans in Forbearance and Mortgage the Approval process.īoth student loan deferments and student loan “forbearance’s” give you a break from monthly payments for a set period of time.
