Income
Document the income used to qualify
Can I Buy a Home While I Still Have Student Loans?
Yes, student debt does not automatically prevent a home purchase. The lender considers the payment required by the selected mortgage program along with your income and other debts.
Ask which student loan payment will count
A zero payment, deferment, or income-driven repayment plan does not always mean the lender uses zero in its calculation. Ask how the applicable program treats your actual loan status.
Bring the current documentation
Bring current statements and repayment documentation. Have the lender compare your qualifying payment with your real household budget before you decide on a home price.
Housing
Estimate the full mortgage payment
Other debts
Include required recurring payments
Student loans
Confirm the program’s payment calculation
Talk to Dominique About Buying With Student Loans
Share your plans, priorities, and timing with Dominique.