Freddie Mac CreditSmart Homebuyer U Practice Test 2025 – The Comprehensive All-in-One Guide to Achieve Exam Success!

Individuals with student loan debt can absolutely become homeowners; therefore, the statement is false. While student loans are a financial obligation that can impact a person's debt-to-income ratio, they do not entirely prevent someone from qualifying for a mortgage. Lenders consider various factors, including credit score, income, and total debt, when assessing an individual's mortgage application.

Additionally, there are programs and options available to help first-time homebuyers manage their student loan debt while navigating the home-buying process. Many lenders allow borrowers to qualify with significant student loan debt, especially if they have a stable income and a good credit history. This flexibility shows that having student loans is a common situation for many potential homebuyers, and it does not eliminate their ability to attain homeownership.