More than half of people in their prime years for first-time home buying are worried their student loan debts are holding them back, according to a survey by a nonprofit that fosters affordable housing.
The sixth annual NeighborWorks America at Home survey found "a steady and significant" percentage of consumers with student loans worry their debt will affect their ability to achieve homeownership in the future. In addition, there is widespread belief that the mortgage process is complicated, and relatively few consumers know where to find knowledgeable advice about how to qualify for a mortgage and buy a home.
The survey found 36% of respondents knew someone who had delayed buying a home because of student loan debt, up from 29% in 2017's survey.
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