Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago,

User Stats

9
Posts
4
Votes
Brendan Bellantoni
  • New York, NY
4
Votes |
9
Posts

DTI is too high to qualify

Brendan Bellantoni
  • New York, NY
Posted

I am curious as to how I can qualify to borrow money to purchase a multi-family property. I have over $100k in student loan debt. I have no credit card debt and no other debt except my student loans. I make roughly $53k/year and have $50k saved up to find a property. I have a 780 credit score as well. It doesn't make sense to pay off my student loans since I will still have a significant amount to pay off. I wanted to house hack but it looks like I won't qualify for an FHA type of mortgage. I was hoping I could possibly use the potential leases toward my income to help me qualify but am unsure as I am still learning.

I was wondering if others have overcome their student loans to still be able to purchase properties? I was considering a hard money loan as well.  Thanks for the help.  

Loading replies...