I would recommend consulting a mortgage advisor like myself, to see if the student loan payments will hold back you purchasing power. In my professional opinion, I would like to see what you qualify for now with a minimum down payment of 3.5% (FHA) or 0% (USDA). Then you will be able to make a better decision if paying off the student loans will give you your desired purchase amount. If you qualify at your desired purchase price with the student loans, I would buy now!
Best of luck. Reach out to me with any questions.
Joseph S. Cordova NMLS# 146855
Evesham Mortgage, LLC
22 South Maple Avenue
Marlton, NJ 08053
office: (856) 985-9944 ext. 103
direct fax: (206) 333-0946
cell: (856) 304-2381
More like months. It will depend on how well the owner cooperates with the bank, which lender carries the loan, how many liens are on the property, and what percentage of what is owed on the loan is offered by the buyer.... more