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Student Loans and Home Loans

Mark Cappel
UpdatedApr 12, 2007

Can I get a home loan with existing student loans?

I am in the process of consolidating my student loans (approx. $45K) and would like to purchase my 1st home soon. Will having student loans be a deterrent to obtaining a mortgage loan? How do lenders view student loans?

Your total debt level, and your debt to income ratios will definitely impact your ability to obtain a loan. However, they are not the only factors.

Credit rating is a major factor in making a loan decision, and if you are able to prove that you can repay those debts, it could benefit you.

Additionally, accumulated equity or have a sizable down payment, that could provide cushion in an LTV (loan-to-value) calculation, could help to get you approved. Also, your income will be a major (possibly the most important factor) as it will determine your DTI (debt-to-income ratio). Most of all, it cannot hurt to apply and see what lenders think of your own situation. makes it easy to compare mortgage offers and different loan types. Please visit the loan page and find a loan that meets your needs.

I hope this information helps you Find. Learn & Save.