Let us talk about the elephant in the room. How do you purchase a property with student loans? Very easily. You just need a better strategy.
First of all, it is a popular myth that if you have any debts, you are not eligible for getting any loan because of your low credit score. However, what lenders are concerned about is debt-to-income ratio or DTI. It simply means that there is a ratio between the amount you owe and the amount you earn per month.
If you have income-driven repayment, make sure to use it. In modern times, lenders do not take into account the total amount of your debt, but the monthly payments which are usually lower.
However, do not ignore your credit score. In order to get a conventional loan, you must have at least 620 points. It is about paying on time.
Apply for FHA loans. It is your superpower since you will have the opportunity to have larger debts and pay less for the down payment. In some cases, you may pay even 3.5%! It is real!
Do not look at Zillow anymore. Look for mortgage lender first. The specialist will give you information about how much you can purchase.
Look for the programs providing down payment assistance provided by your state. These programs were created specifically for first-time buyers. There is free money available. You just have to find it.
It is difficult to purchase a property at the moment, but it does not mean that your future is ruined because of your degree.