If I am a recent college grad with student loan debt, can I still buy a house? Good credit, 3% down payment saved up.

A lot of info is missing, but in general, FHA requires 3.5% down, and 640 minimum mid score.. however income, income type, job, education, current debt, etc.. all play into whether you can get approved or not.. If you want to know for sure, then the best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Yes, FHA @ 3.5% down with 600+ credit score. Normally requires 2 year work history but as long as you are employed in the field that your degree is from undewriting will make exception and allow your income to be used.

Yes you can still get a mortgage. People do it all the time. Are your student loans still deferred ?

Yes, you will need a copy of your transcripts and dipolma. You will also need 3.5% for down payment. Make sure you tell your realtor you will be needing a sellers concession to cover your closing costs.Call us or email us at 201-962-3555 or Team@BestMortgageOption.com for ano cost no obligation analysis of your situation. Ask for Michelle or Benny We will find the Best Mortgage Option to suit your needs!You can check us out at www.BestMortgageOption.com We are also proud Homes for heroes affiliates

With a down payment of 3.5%, a credit score above 620 you will be able to apply for a mortgage, Let me know If I can help wwwHOMEMORTGAGEXPERT.com 855 411 LEND Peter Savino

You need 3.5% down for a FHA purchase loan. Good luck.

Yes you can. You should be working in the field of your degree, especially if you don't have a lot of prior work history and your income suddenly increased dramatically because you're not working part time at the parking garage while in college anymore. Also, your student loan payments, or future payments on those loans will be calculated into your debt-to-income ratio just like a car payment or credit card, so this can reduce how much loan you'll qualify for. Other than that, a 620 FICO score with three established tradelines and 3.5% down should get a loan just about anywhere. Check into city and county down payment assistance grant's also.

Zed, we would love to be your local lender. Feel free to contact us via our website (www.CommonSenseLoans.com) or you could call me at 719.331.0096.