In the past year, Fannie Mae has loosened guidelines when it comes to how student loans payments are looked as monthly debts. This change is making it easier for those with larger student loan debt burdens, to obtain a home loan.
When it comes to obtaining a home loan, one of the critical components of being able to qualify is the debt to income ratio. The debt to income ratio takes your monthly minimum payments on your credit report (mortgage payment, student loan payments, credit card payments, etc.) and divides them by your monthly gross income.