Will student loan debt prevent me from getting a mortgage?

+1 vote
asked Oct 14, 2017 in Real Estate - Renting by hootcooing (380 points)
Will student loan debt prevent me from getting a mortgage?

1 Answer

0 votes
answered Oct 14, 2017 by Mechanic21 (29,150 points)
If you have unpaid student loans and are in default of your student loan payments then yes it will affect you getting a mortgage.

But if your student loans are being paid back on time and you don't miss a payment then the student loan shouldn't affect a banks decision when deciding whether to give you a mortgage.

As long as you have enough income and your credit score is good and you have the down payment then you should be able to get the mortgage.

101,240 questions

96,982 answers

1,288 comments

7,002,098 users

...