Many young first time home buyers face a difficult task of paying off student debt. This is making it much harder for the young professionals to purchase their first home. The market has recognized the growth in the average school loan debt and its effect on the housing market! Here is a major change that gives first time home buyers more incentive to buy a home! 

FHA is reducing the amount of deferred student debt, from 2 percent to 1 percent, that counts against a borrower’s debt-to-income (DTI) ratio. That means someone with $10,000 in deferred student loan debt would have a $100-per-month repayment obligation in calculating DTI, rather than $200. (Help on the Way for Young Buyers - Robert Freedman) 

With loan interest rates reaching down to near 'all time low' there truly hasn't been a better time to buy! Don't continue to hold off on home ownership! The time to buy is now!