Listen or read any show or article on millennials and the home buying process and you'll likely hear the phrase "high student loan debt." It has been hampering potential home buyers from being able to stay under the debt to income ratio threshold.
Recently both Freddie and Fannie Mae have revised their guidelines which may open up the possibility of home-ownership for many Americans. The key is if you have a student loan payment plan (often referred to income based repayment) that payment can be used instead of what is listed on your credit report.
If you have been turned down for a loan because of high debt to income ratios go back to your lender and ask them to recalculate your DTI (debt to income) ratio using the payment from your repayment plan.