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Updated almost 3 years ago, 03/25/2022
Pursing an MBA, and the affect on my debt-to-income
Hello everyone,
My name is Ben Fisher, and I am brand new to the BiggerPockets forum, podcast, and family! We live in Utah now, but I received a job opportunity in Memphis, TN , and will be moving at the end of May. We are hoping to house hack a 4-plex as our first investment property/home purchase.
I just graduated college with my bachelor's degree, and am starting my MBA program in July. With home lending, I know that debt-to-income ratios are extremely important, especially for first-time homebuyers. I have borrowed student loans to get me through the last portion of my bachelor's and will need to borrow even more to pay for my master's (it will cost about $36k total). With all of these student loans, will they significantly affect my debt-to-income and my ability to get an FHA loan?
Thanks!