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Yes, You Can Still Buy a House With Student Loan Debt — Here's How

GOBankingRates Logo By Cameron Huddleston of GOBankingRates | Slide 1 of 15: If you're saddled with student loan debt and want to buy a home, you have your work cut out for you. On average, it would take a college graduate with no student loan debt less than eight years to save enough for a 20 percent down payment on a $220,000 condo — the national median price. However, it would take a college grad with student loan debt nearly 12 years, according to the 2017 Apartment List Renter Survey."It really is more difficult for this generation to save for homeownership," said Chris Salviati, a housing economist at Apartment List. Difficult — but certainly not impossible.Click through to learn how you can save enough for a down payment, while still tackling other finances.

Yes, You Can Still Buy a House With Student Loan Debt — Here's How

If you're saddled with student loan debt and want to buy a home, you have your work cut out for you.

On average, it would take a college graduate with no student loan debt less than eight years to save enough for a 20 percent down payment on a $220,000 condo — the national median price. However, it would take a college grad with student loan debt nearly 12 years, according to the 2017 Apartment List Renter Survey.

"It really is more difficult for this generation to save for homeownership," said Chris Salviati, a housing economist at Apartment List. Difficult — but certainly not impossible.

Click through to learn how you can save enough for a down payment, while still tackling other finances.

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