Can you get a loan on a house if you have a lot of student loan debt?
I am going to be going to school and taking out student loans. Can me and my husband still get a loan for the house.
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Comment from Queen Zelda
Time May 14, 2010 at 4:36 am
Assuming your student loans are currently deferred, the question you should be asking is if you can afford it AFTER the student loans become payable.
Generally banks do look at outstanding debt when considering loan to debt ratio but some banks are too willing to lend.
Consider your financial ability after loans are due so as not to get your self into trouble.