• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Deborah F. Beran Inc

Smith Mountain Lake Real Estate for Sale

540-721-1488 | 540-529-4229 Cell
Associate Broker, ABR, CRS, GRI, CLHMS
RE/MAX Lakefront Realty, Inc.
Schedule a home tour
  • Home
  • Listing Your Home
    • Featured Listings
  • Search SML Real Estate
    • Search Waterfront Homes $0 – 799k
    • Search Luxury Waterfront Homes $800+
    • Search Lake Access Properties
    • Search Golf Community Properties
    • Search SML Condos & Townhomes
    • Search SML Land & Lots
    • Search Waterfront Homes in Franklin County
    • Search Waterfront Homes in Bedford County
    • Search Waterfront Homes in Pittsylvania County
  • Top Communities
    • Bernard’s Landing Resort
    • The Boardwalk
    • Mariners Landing Resort
    • The Westlake
    • The Waterfront
    • The Waters Edge
    • Waverly
  • SML Info
    • All About SML
    • SML Restaurant Guide
    • Things to do at SML
    • Maxine – Our Moving Truck
    • SML Professional Directory
    • AEP Shoreline Management
    • SML Map
  • Market Data
    • Current Market Update
    • What Homes are Selling for at SML
  • News
  • Reviews
    • Client Testimonials
    • Leave A Review
  • Contact

Millennial Home Buyers Shouldn’t Sweat Student Loans

Last updated: May 19, 2015 By Deb Beran

dreamstime_xs_40699483Home buyers under the age of thirty who are searching for an affordable Franklin County home or Bedford County home will appreciate recent study results that student loans are not as likely to stand in the way of a mortgage loan as you might think. As a news update on realtor.org states, TransUnion released a report that buyers between 18 and 29 with student loans do well on repayment and building good credit after graduation, both factors in obtaining home loan approval.

This is good news for younger buyers, who are often nervous about the affect student loans will have on mortgage approval. Buyers in this age bracket are usually past renting, thinking about starting a family and interested in purchasing a property for their growing needs. But student loans can linger for several years after graduation, discouraging would-be home buyers from going very far in their property search. What’s more, the college years can take a toll on credit scores, leaving post-graduate buyers with too little credit or mismanaged credit. As credit scoring evolves and lenders learn more about millennial home buyers, things like student loans are seen as a sign of financial responsibility rather than a burden on the holder.

The report is also encouraging for other home buyers, home sellers and real estate investors who have a vested interest in the market economy and its progress. Mortgage approval despite student loans indicates a healthy balance between lenders and loan owners, as well as economic stability.

Millennials who are able to get approved for a loan and become a first-time home buyer support and encourage good economic health, both locally and beyond. 

As a seasoned SML realtor, Deb Beran enjoys helping home buyers of all ages navigate issues of loan approval, credit, affordability and searching for a great home. Young, first-time home buyers can get answers and assurance from an experienced area real estate agent like Deb.

If you are a first-time home buyer or a millennial buyer, let Deb Beran Properties know how we can help. We would love to help you buy your dream home.

Primary Sidebar

Thinking of Listing Your Smith Mtn Lake Home?

The Beran Team is dedicated to exceeding expectations for managing the many details of listing, marketing and closing contracts on SML properties. Learn more about how we can walk you through the process and request your free copy of my SML Seller Guide!
List My Home - SML Seller's Guide

LEARN MORE HERE

Customize Your Search of the SWVA MLS
Residential
Land
Commercial
Apartments
Boarding
Duplex
Efficiency
Other - See Remarks
Quad
Triplex
Attached
Detached
Attached
Detached
Beef Cattle
Dairy Cattle
Horse
Orchard
Other - See Remarks
Tillable
Tree Farm
Undeveloped
Land (Acreage)
Lot
to
to
to
to
Active
Pending
More Search Options

Moving? You Need Maxine!

Maxine is my courtesy truck available for use by my clients and charities.

Deb Beran Moving Truck

Find Out More Here

SML Client Testimonial:

If anyone ever needs a realtor in the Smith Mountain Lake or Roanoke area, or just anywhere in this part of Virginia, give her a call. Trust me, you’ll be very happy!Edward Magalhaes

Your Smith Mountain Lake Properties Professional:

Deborah F. Beran Inc.
6655 Scruggs Road
Moneta, VA 24121
540-721-1488 Office
540-529-4229 Cell
Re/MAX Lakefront Realty, Inc.

Connect with Deborah Beran:

Facebook
Twitter
LinkedIn
YouTube
Pinterest
Instagram
Google Business Page

Industry Associations:

  • Licensed in the Commonwealth of Virginia
  • Licensed RE/MAX® agent
  • Member of the National Association of Realtors
  • Member of the Roanoke Valley Association of REALTORS®
Deborah Beran, Realtor, Associate Broker logo image

Equal Housing Opportunity and Realtor Logos

Copyright © 2021 All Rights Reserved | Deborah F. Beran, Inc. ~ Smith Mountain Lake Real Estate | Privacy Policy | Terms & Disclaimers | Sitemap | Website