Over the past decade, Americans have seen significant increases in student loan debt—so much so, that 71% cite it as a reason why they’ve postponed buying a home. The payments brought on by these loans impact a borrower’s debt-to-income ratio, a factor mortgage lenders consider when evaluating an individual’s ability to obtain a mortgage.

If you are a recent (or not so recent) college graduate looking to buy a house, and have found that student loan debt is holding you back, you’ll be happy to know that recent modifications to federal guidelines are making it easier for individuals with student loan debt to qualify for mortgage financing.

Last month, Fannie Mae announced new changes to its underwriting requirements that will help more people with student loan debt qualify for a home loan. Keep reading to find out what these new changes mean for you.

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