Let’s Clear Up a Common Myth
Many people believe that having student loans means they can’t buy a home — but that’s simply not true. While student debt can affect your finances, it doesn’t automatically disqualify you from homeownership.
In fact, data shows that 32% of first-time homebuyers have student debt, and the typical balance is around $30,000. That means nearly one-third of new homeowners are managing both a mortgage and student loans — and doing it successfully.
Why It’s Still Possible
Lenders look at more than just your debt amount. They review your debt-to-income ratio (DTI) — which measures how much of your monthly income goes toward debt payments — along with your credit score, income stability, and savings.
Even with student loans, if you’re making consistent payments, maintaining good credit, and managing your other expenses wisely, you can absolutely qualify for a mortgage.
Steps to Strengthen Your Position
If you’re thinking about buying a home soon, here’s what you can do to prepare:
- Check your credit report – Make sure everything is accurate and see where you can improve.
- Lower your DTI – Pay down smaller debts or reduce recurring obligations where possible.
- Get pre-approved – Talk to a lender who can review your full financial picture and help you understand what you can afford.
Don’t Let Fear Hold You Back
It’s easy to assume you need to be “debt-free” before owning a home — but in reality, homeownership and student loans can coexist.
You might be closer to your dream home than you think. The best way to find out is to speak with a trusted lender who can show you your real options, not just the myths.
Ready to Explore What’s Possible?
If you’ve been putting off buying your first home because of student loans, it’s time to get the facts.
📩 Send me a message, and I’ll connect you with local lenders who can guide you through your options and help you take that first step toward homeownership.
