Student Loans do not automatically disqualify you from Buying or Refinancing a Home. But, you will need to know what type of loan you may qualify for and the status of your Student Debt in order to be prepared. Today Chad Anderson covers Liabilities, Income Driven Repayment Plans, Extended Rate Payment Plans, and Deferment. Here is how to calculate your Debt when applying for different home loans: Conventional (Fannie Mae and Freddie Mac), FHA, USDA, and VA.