Don’t Let Student Loans Delay Your Homeownership Dreams

Wondering if your student loans will interfere with securing a mortgage?

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.

“When asked specifically about purchasing a home, half of nonhomeowners say student loan debt is delaying them from purchasing a home (51%).” says the NAR (National Association of Realtors)

Whether you are struggling to get enough for a down payment, you think you just will not qualify due to student loans or you just do not want to be rejected. No matter which reason resonates most with you, you should know a delay may not be necessary.

In the same NAR report, data shows many current homeowners have student loan debt themselves:

“Nearly one-quarter of all home buyers, and 37% of first-time buyers, had student debt, with a typical amount of $30,000.”

The best way to make a decision about your goals and next steps is to talk to the professionals. Lamont Orr from Orr Team can walk you through your specific situation, your options, and what has worked for other buyers like you. He can also connect you with loan professionals in the industry who can help. You don’t have to figure this out on your own – lean on the experts so you have the information you need to make an informed, confident decision.

Many other buyers with student loan debt are already achieving their homeownership dreams. Maybe it’s time to take the next step toward making yours a reality.

Lamont "Ben" Orr - The Orr Team eXp Realty 720-425-3365

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