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Updated over 2 years ago on . Most recent reply

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House Hacking from Undergrad to Graduate - Is it Possible?

Joseph Cammarata
Posted

I'm about to go into my senior year of undergrad, and I'm going into a graduate school nearby next year. I'd love to be able to househack instead of continuing to pay rent. 

One thing I'm deliberating about is financing. I do have some debt from my years in undergrad (around the same amount as a down payment on a house). I will most likely get those loans deferred while I'm in graduate school. I work 2-3 jobs throughout the school year. Have a good chunk of money saved up for a down payment.

What steps could I take to make this possible in my situation? Will banks/portfolio lenders be open to financing a student? Or will I have to wait until I've secured my full time job and paid down some debt to get started when I'm 25? Let me know what you guys think.

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