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How do federal student loans affect getting a mortgage?

Well having a federal student loan is not actually bad for your mortgage. Having a student loan means that you are studying and if you are studying that means you will get higher paying jobs when you are going to work later on. However, what you should really check is that you pay your federal student loan in time in order to have a good credit report. Banks love people that pay back there loan in time. Remember that! It is often a good idea to take a second loan in order to pay back your first loan in time. This way, your credit report will still be clean.