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How To Purchase A Home With High Student Loan Debt Levels

Hi,
This is Ron Siegel. If you're carrying a heavy load of student debt, you might think buying your home is out of reach. But that's not necessarily the case. I'd like to share some good news on how you can still purchase a home despite high student loan debt.
Firstly, remember that the size of your student debt doesn't necessarily damage your credit score. Credit cards impact your credit score more than your student loans, especially if you're keeping up with your student loan payments.
Being on the right repayment plan for your student loans helps when it comes to your Debt-to-Income (DTI) ratio. This ratio can influence your ability to get a mortgage. Plus, being on the right plan can also free up some of your income, which can help you save for a down payment on a house.
Speaking of down payments, did you know they can be as low as 4 - 4.5%? That includes closing costs, moving expenses, and other costs associated with buying a home.
So, even with a large amount of student debt, keep pursuing your dream of owning a home. For more information on this, make sure to watch the video above. Remember, carrying student debt doesn't mean you can't start building equity in a home now.

Reviews

"Ron has amazing insight into the financial and real estate markets."

doug waldman

"Great services. Communicative , well educated and was very helpful overall. Highly recommend"

samantha dalby

"Looking forward to partnering with Ron for our community event (Open House on June 23rd, 2024) at American Legion Post 132!"

diana trujillo

"Ron is a stand up man! He is always available to help and is a wealth of knowledge in the lending world. Genuine and honest and hardworking! Thank you for your help over many many years!"

gilda johnson

"Be wary of who you do business with. A quick google search will show that Ron will promote contempt in a community and he is not interested in doing as he says. He recently made fun of the victims of mass shootings in his “orange county buzz” facebook group and should not be allowed to do business if he is going to promote hatred. Ron’s response below highlights his ignorance. If you disagree even politely with him he will try to shut you down instead of being a reasonable human being. Again - further proof that he should not be doing business in a community where he does not promote anything other than hate and discontent in it."

matt ward

"Ron Siegel and his staff did a tremendous job. I used Ron and his team to refinance my primary residence several times, to secure financing for a new home that I later refinanced and for the refinance of a rental property. Ron Siegel and his team made the process seamless each time."

scott smith

"Ron was very professional, courteous, and answered all our questions in a timely manner. I would highly recommend him. Thanks Ron!"

f coleman

"Ron was available day and night , 7 days a week . He was very detail oriented and very thorough with his answers to my many questions thru the process of my loans. I would highly recommend him."

matthew holcomb