If you tell me your and total monthly debt payments , I can estimate the mortgage amount you might qualify for.
Most lenders prefer a total DTI under 43% to 45% , including your future mortgage payment. high student loan debt and buying a house
Every dollar sent to Navient or Nelnet is a dollar that can't be used for a mortgage payment. If you tell me your and total monthly
High student loan debt doesn't automatically disqualify you from homeownership, but it does change the math. Lenders focus less on the total balance you owe and more on how much of your monthly income goes toward that debt. 🏠 The Impact on Your Application High student loan debt doesn't automatically disqualify you
If your monthly payment is $0 or very low due to an IDR plan, some loan programs (like FHA) may use 0.5% of your total balance as a "placeholder" payment instead of your actual payment. 💰 Major Challenges