I had an interesting exchange with a buyer who asked how having student loans will effect his ability to qualify for a home loan.  I thought others of you might also benefit from the info, so here was my advice to him:

Having student loans alone does not preclude you from qualifying for a loan.  The problem as you have already figured out is the monthly payment.  How much the bank will allow you to pay monthly for a loan is reduced effectively by how much you are paying into your loans. Your best bet is to talk to a bank and find out the real story for sure. 

Just as an aside, did you see that Obama has hopes of signing into law that student loans will be forgiven in ten years if you are in public service and in 20 years if not?  Just something to think about for the long term.
Overall it sounds to me like have a great income.  You may want to consider renting for a year or two and paying off as much of the loans as you can.  It improves your credit and will allow you to pay less per month. 

When I graduated school I had the same situation.  Here is what I did.  I paid the minimum on the loans and then when I had saved up enough to pay off one of the loans (usually the smallest) I did so.   Then it lowered my monthly.  If you can just do this a few times your monthly starts to drop and gives you more money to save toward the next loan.  In a year or two the monthly goes down, you get a raise or two and viola, now you qualify for a bigger home. 
Just a thought. 

Best of luck,
Rob

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