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Can I buy a home with student loan debt?

By Bob Millaway, South Jersey Community Expert & REALTOR®

Yes, you can buy a home with student loan debt. Lenders look at your debt-to-income ratio (DTI), which includes your student loan payments. If your total monthly debts including the new mortgage stay within 43 to 50 percent of your gross income, you can qualify. FHA loans are often more flexible with DTI limits for borrowers with student debt.

Why It Matters

Student loan debt does not disqualify you from homeownership. Understanding how DTI works helps you plan your home purchase timeline and budget realistically.

Related Questions

What should I look for during an open house? How much should I save for a down payment? What are closing costs and how much are they? What loan options are available for first-time buyers? What questions should I ask my real estate agent when buying?

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