Re: How do people in debt become homeowners??
My student loans won't be going away for another 15 years (assuming I don't defer for grad school), but I certainly hope that I can buy a house before then!
I know my SO, who is three years older and similarly in student loan debt, has already qualified for a $250K mortgage. He can probably get $300K now, actually, since he just got a raise.
I suspect that while debt does hurt you, it's your net worth and/or income that matters more, as well as your ability to put down a down payment of at least 20%?
This is just a guess. Hopefully, someone more experienced will either confirm or correct this hypothesis.
~mimi
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