How Student Loans Impact Your Home Buying Process

In this episode of Escape Student Loan Debt Podcast, host Brenton Harrison discusses how federal and private student loans affect your ability to buy a home.

He covers key components like credit scores and debt-to-income ratios, the differences between FICO and Vantage scores, and how student loans can influence these factors.

Additionally, Brenton explains how different types of mortgages handle student loan payments, including Fannie Mae, Freddie Mac, FHA, VA, and USDA loans.

The episode offers valuable insights for anyone navigating the complexities of student loans while seeking home financing.

EPISODE RESOURCES

FICO Score Calculation 

The CAIVRS Database 

Student Loan Mortgage Guidelines 

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00:00 Introduction to Student Loans and Home Buying

01:29 Understanding Credit Scores

04:06 Impact of Student Loans on Credit Scores

09:10 Debt to Income Ratio Explained

12:38 Types of Mortgages and Their Requirements

15:03 Private vs. Federal Student Loans