Student debt doesn't have to stop you from purchasing a home. There are mortgage loan options that require less than 20% down, and some no down payment at all. An FHA loan allows a down payment of 3.5% in all U.S. markets, and HomeReady loans through Fannie Mae require only a 3% down payment. The credit requirements for an FHA loan are less stringent than a conventional loan, but the front-end ratio (mortgage payment plus homeowner’s association fees, property taxes, mortgage insurance, home insurance) will need to be less than 31% of your gross monthly income to qualify. Here's
a blog that explains more.