House Hacking FHA and DTI Ratio

[Josh Day]

I’m a recent college grad with approximately $204K in student loan debt. I was your typical American until I discovered BiggerPockets. Definitely would’ve taken out less student loans if I knew what I know now. Fortunately we have no other debts. My family and I want to house hack, but are having issues with our DTI ratio since FHA uses 1% of your student loan balance and my income is around $70K/year. We have 2 kids under 3 so my wife stays home with the kids. I know FHA allows 75% rental income to go against your DTI, but it still makes it pretty hard to find a decent duplex-quadplex to purchase. Has anyone with a large amount “good” debt like student loans and a high DTI found a way to be able to purchase a multi family house hack?