If you’re in California don’t forget about Calvet loans. Just like conventional loans debt/income ratio is right up there with FICO. Thank goodness for my wife’s student loans, kept us from buying more than we could afford in the last 5 years. If you are debt free then about 57,000 should do it, that’s about 4.4 times income,which means rice and beans. If you want to have a life then 83k/yr if you have no debt should do it. So ultimately you should focus on what you can afford comfortably, not what you qualify for. That has been the most common mistake of the last 5-6 years.
