How to finance a mortgage?

I would like to get a mortgage. The problem is that due to my student loans, my debt to income ratio is terrible, along with the fact that I do not have great credit. Any suggestions?

By defferring some of the student loans and paying down some of the current debt that you have, you should be able to get a loan with no hicups. That being said.... I was recently laid off from a major mortgage company and given the market and the strictness of the current guidelines, I honesly would establish a rental history and pay down alot of he debt, you really should not do anything until you can actuallty afford a home. You may think you can and maybe you can... but the last thing you want is to start off a home not being able to afford it! take some time and fix your credit and then go ahead and get the home you want..... do not let anyone tell you how much you can afford!!!!!!! buy what you are comfortable with and make sure its something you can afford in the long run.. good luck

Well for one, and acceptable debt to income ratio is a factor that can vary by alot from bank to bank. Some banks allow it get as high as 55%.And other banks want you in the 35-40% range as a max. Student debt is also the type of debt that banks look at in a much less scrutinous way. Mainly because they know its an investment in your future.

And as far as your credit, getting by with not so great credit can ussualy be done. Its people with terrible credit who have trouble.

Sit down with a mortgage broker and let him look over your profile. Most likely they will work something out as long as you have steady income.