If you’re looking to buy a home in Chicago, you may be wondering how your student loan debt could impact those plans. Do you have to wait until you’ve paid off your student loans before you can buy your first home? Or could you qualify for a home loan with that debt?
To give you the answers you’re searching for, let’s take a look at what recent data shows. That way, you know what to expect and what to do next to achieve your dream of becoming a homeowner. While everyone’s situation is unique, your goal may be more within your reach than you realize.
✔ Do you have to delay your plans because of student loans?
✔ Can you qualify for a home loan if you have student loans?
✔ The key takeaway is, for many people, homeownership is achievable even with student loans.