Depends on your credit score and other bills you have. Anyone that tries to tell you you can afford a home that is 3 times your income, is part of the reason we have this situation in the economy we have right now. It is not reasonable especially if you want a car, pay for food and improvements. We are in this mess because people took loans for so much more than they could afford, but the realtors told them they could why increase of income for them. Would not go 2x of my income at most, do not forget you have to add taxes and insurance which is something they do not seem to account for. and changes in living situations as like having a family. Your will need at least a 620 credit score, 3.5% down cost for appraisal, inspection pest inspection, insurance for a year all prepaid and closing which you can get the seller to pay part of.