how to qualify for a mortgage with student debt
Qualifying for a Mortgage Out of College. If you are a former student, and have a limited work history and student loan debt, you can still potentially qualify for a home loan if your field of study was in direct relationship to your field of of employment. For example, you have a degree in accounting and youâve recently taken a job as an accountant.
Depending on the type of student loan, you can be eligible for student loan deferment if youâre enrolled in school at least half-time, or if youâre having an economic hardship. In this case, the mortgage type you apply for is key.