First time home buyer with student loans qualify for Fannie Mae

[Anirudh Srikonda]

Hello 

I'd like to know whether the new regulations by FHA will make it possible for me to qualify for a Fannie Mae backed mortgage. I currently have student loans which puts my debt to income ratio at somewhat of a cut off per my current lenders guidance. I have been preapproved with a Freddie Mac mortgage but the rate is much higher. As you can tell I am not educated I this at all. Please provide your opinion. Thanks!