: Lenders divide your total monthly debt payments (including your prospective mortgage) by your gross monthly income.

Having student loans does not disqualify you from buying a home , but they are a significant factor that mortgage lenders evaluate. Lenders primarily focus on how your monthly loan payments, rather than your total debt balance, impact your overall financial stability. Core Impacts on Mortgage Qualification

: This is often the biggest hurdle for borrowers with student debt.

: On-time student loan payments build a strong credit history, which can help you qualify for lower mortgage interest rates.