There have been many changes in the last few years regarding student loan debt with all the major government sponsored entities (GSEs) including Fannie Mae, Freddie Mac, FHA, and VA.
A few years ago the guidelines got more restrictive but within the last few months they are loosening.
Generally speaking it's better to take the loan out of deferment and start making payments. Fannie Mae, for example, will allow lenders to count whatever figure shows up on the credit report as long as long as that payment is greater than zero.
Unfortunately, FHA is still requiring the lender use either 1% of the balance as the payment amount or they require documentation that the payment will amortize over the life of the loan.
Feel free to reach out for more details on how the guidelines would be applied in your situation. We lend everywhere in the United States.
Bernard Guste, MBA
Gulf Coast Bank and Trust
New Orleans, LA