First time buyer hoping to get FHA loan but still have to pay off student loans as well

It is definitely possible, do you have a job now that is in the same line of work as what you went to school for? How much student debt do you have and how much are your payments every month? These are just a couple questions you will need to answer for a mortgage banker to determine if you qualify. Congrats on graduating with savings! That is definitely something to be proud of. Best of luck to you.

I don't see why not. There may be other options other than FHA financing as well depending on your credit score and history. Feel free to call me at 206-631-2212 or 866-941-3933.

Great question - and congratulations on working hard to graduate plus saving money. The amount of student loans you can carry is based on a debt-to-income ratio. FHA prefers to have your debt ratio at 45% of your gross monthly income. It can go as high as 50% if there are compensating factors, i.e. savings, credit, etc.You should take the first step and get pre-qualified. This is where we just take your income and liabilities that you work out the maximum purchase price that you qualify for. It's black & white and it takes 15 minutes. Let me know how I can help! Curt 425.988.2501 direct line office, cell: 206.650.4202

it's difficult for anyone to tell you yes or no based on the limited info you provided.. in general, if you have student loan debt, then the minimum monthly payments will be assessed against your income, as will as the minimum payment for all your other liabilities.. it's your monthly payments divided against your monthly income to determine your debt to income ratio. The lender will only count the debt that shows on a credit report, plus your housing payment.. Also, with a part time job, some lenders will shy away from this type of scenario.. If you have had your PT job for more than 2 years, then you should be ok.. also, once you graduate, and you get a job within your field of study, you can use the income from your new job to qualify... so there's certainly ways to make your particular scenario work.. 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

I would talk with your local lender. It's definitely possible, but they would have to see what your DTI ratio is. Good luck!