<prompt> Human: TL;DR first - I have about 60 days to find and close on a house or I will be forced out of the home buying market because of new FHA guidelines regarding how they factor in your income based repayment vs having to factor in 1 of the loan balance regardless of what your payment is. I rent for 900 a month or could have a mortgage for around 590-600 a month. Really dont want to get forced out of the neighborhood Ive lived in for more than half a decade now that I finally have a real job that can qualify me for a mortgage, since waiting tables through college could not qualify me.I am single 30 year old. No children. I have been looking for homes and I am pre-approved but for only 90,000I currently pay 900 a month in rent plus utilitiesinternet.I have no car payment and dont plan to have one.I have 45,000 in savings - I also have about another 50k on the way when some inherited land sells. I work for the government and dont make much. I have 30,000 in student loan debt and qualify for loan forgiveness after 10 years of service. Since I am planning to go into law enforcement once I graduate in a month, and I already work for the law enforcement agency in an assistant capacity, I dont see any issues getting the job.Here is my dilemma. I am a bit set on living in a certain part of town. That part of town is a bit more expensive than everywhere else. I currently rent in this particular part of town. I am 5 minutes away from the court systems, 3 minutes from my job, life is easy. I absolutely despise commuting. If i am unable to work in this industry for any reason, I have plenty of restaurant experience and all the good restaurants are in this area so I could hop back in and make twice what I do now anyway.Because of my student loans, I can only get an FHA loan. On June 30th, the FHA will require 1 of my student loan debt to be factored into my DTI for qualifying me for a mortgage. Right now, the bank only has to use my monthly payment which is based on my income, and that monthly payment is about 20 bucks a month. On June 30th, they will have to assume my payment is around 300 a month, which it isnt, nor will it be.I can get a townhouse with 3 bedrooms, 2 baths, a private backyard, and a basement for 100,000 - Since I only qualify for 90k loan, Id have to put 10k down to get to the 90k mark. I have to put 3.5 down anyway since its FHA, so I will actually be putting down more. My mortgage with insurance, PMI, taxes, etc, will be about 600 a month, which is less than my rent.I know a lot of advice will probably be to pay off my student loans with that 45k. Im not opposed to that, but I need to think about it some considering the 10 year forgiveness thing.The townhouse has a 300 yearly HOA fee. Im not crazy about a HOA, nor living in a townhouse, but Ill be damned if I have to get something 20-30 minutes away from the part of town I love. Also, this is the first job Ive had where I could qualify for a mortgage. Ive been told in the past working as a bartender or a waiter, that Id have to have the same restaurant job for quite some time before they would approve a loan because it is considered an unstable job generally. So yeah, I have 60 days to buy something before I am forced out of the market until my student loans are paid down, or nonexistent, because of the new FHA guideline going into effect regarding income based repayment plans. I guess its somewhat urgent because I am month to month now and have been for nearly two years. My landlord wants to move back to this city so I expect a 30 day notice to vacate at any time might not happen soon, but you never know. I dont want to get forced into signing a lease somewhere else. Property has gone up in this part of town quite a bit in the last 2 years, so finding a house to rent again would probably be out of my budget, so Id be forced into a crappy 700-750 a month apartment and be unhappy. I like to have a yard for my dog.  <response>: If the townhouse is really 100k in sale price, then you should probably forgo the FHA and just look for a 30-year conventional loan. I say this because you can put down a 20 down payment, which eliminates the need for PMI. I think a 30-year conventional interest rate is under 4. For the sake of being safe, lets assume its 4 - With 20 down, your mortgage is 80k and your monthly payment is 382. With the HOA fee, utilities, and internet, I definitely would peg you under 600month.Seems this is a decent thing for you since youre confident in your location and stability. I only have a concern about the townhouse price - 100k seems really low. Then again, Im in central MD where townhouses start from 300k. Regardless, make sure you get the place inspected. Also, make sure you have an emergency fund just in case your townhouse has un-foreseen issues though after the 20 downpayment closing costs, you should be good.I dont have much experience with student loans, but advice around here would say if the interest rate is greater than 4 or whatever the savings rate is, then you should opt to pay down those first. If we assume you are no longer interested in FHA loans which I would highly suggest conventional since you have the downpayment, then you should pay those down first. Rushing to buy a house is the worst mistake you can ever make, even with new guidelines. 