Qualifying for FHA with student loans

[Garison Clemens]

I am looking to buy my first property soon. I am looking to buy a duplex (in Volusia, Seminole or Orange County Florida) and was wondering if anybody that had student loans was able to still qualify for FHA?

Also, has anybody done first time home buyers program in Florida with FHA? Possibly a 203(k) loan with Florida First Time home buyer. 

Thank you everyone! I am ready to own my first investment property!

[Jonathan R.]

I have an FHA loan and some student loan debt. If you think your dti ratio is too high, call your student loan company/companies and lower your payment a month or two before you qualify for the fha loan to as low as possible (not forebear, like the graduated program) and then get approved. They will see on your credit report the low amount you are paying monthly once it reports. After you close on the loan reset your student loan payment to a regular payment. Of course, I am not recommending taking on more debt than you need to on your fha loan, but you got do what you got to do. Make sure you are cashflowing to the standards you have been learning about on BP.