Generally speaking, if you have 6-8 months or less left on a loan, they will take that into consideration, as they know your loan doesn't have long to go. In your case, at $250/month, that seems to be what it looks like. By the time you close, you will have about 4 months to go. If the debt was saddling you for another 3 years, it would be more of a concern. Save your money for the down payment and escrows. If that is the only debt you have, you are in great shape!