Student Loans and Home Buying

Will student loans effect my ability to buy a home

The Majority of adults say that owning a home is either the “most important” or a “very important” part of the American Dream. However, the burden of student loan debt and a tight lending environment appear to be working against many potential home buyers.

1 out of 4 Americans know someone who has delayed buying a home because of student loan debt.

60% say owning a home is either the “most important” or a “very important” part of the American Dream.

We, at The Lewis Team have helped many people buy a home even with student debt. If you’re considering buying a home and are concerned that your student debt may prevent you from buying a home then give us a call. We can refer you to a lender that may be able to get you pre-approved to buy a home even with student debt. Many people buy homes and condos with student debt. It may affect your purchasing power when buying a home but it’s not the only factor. There are many factors in qualifying for a home loan.

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