Can they denied you a home loan if you already have a student loan?
Im trying to purchase a home but already have a student loan?
My loan is deferred, Means i dont have to pay for it because im still going to school.
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Answer by Matt K
It depends upon your gross monthly income compared to your total monthly payments on debt.
If your student loan payment were really high in comparison to your monthly income, then yes, this could mean you do not have enough room for a mortgage.
They would disqualify you under debt to income ratio being too high. Again, it all depends on how much your monthly payments are in relation to your income.
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