Finance question for a first time home buyer

[Michael Tiema]

Good Afternoon, My wife and I are first time home buyers looking to purchase our home within the next year. My credit score is 690 and her's is 684. At the moment, I'm the only one working while she stays home with our toddler. Both of us have Masters degrees with student loan debt around 130k each. We pay on our loans and have never defaulted. If any of you have any lenders in the Chicagoland area who work with clients with high student loan debt, can you make any recommendations? We're in the West Suburbs. Thanks in advance

[Jeff Dulla]

@Chris Mason Thank you so much for the mention. @Michael Tiema - the student loans will weigh into things no matter what. The question is how much will it impact your debt to income ratio and how the different loan programs will treat the payments. There is a difference these days between how Fannie, Freddie and FHA will interpret your monthly payments. If you have any income based repayment schedules, more than likely Fannie will be the best bet.

Please feel free to PM me if you would like to discuss further. Thanks again to both of you.