41% DTI is max they will underwrite on a conventional loan.

So the answer is: You can borrow more than you can afford.

The amount you can mortgage is constrained by DTI. DTI takes all debt into consideration so the amount you can borrow will be affected by outstanding student loans, credit card debt, car loans, credit score, etc.

Go get a pre approval, it’s free, then go shopping.

Starting Price most of the FOs I talk to are looking at is over $400,000, even with student loans.
More than I'd be comfortable with, but seems that is well within most of their comfort zones.

Anyone willing to take out $200K for a student loan is probably comfortable with $400K for a house loan, for better or for worse.

Actually, the max you can borrow conventional is 49% DTI assuming credit is solid. I'm a loan officer working through flight school. The only time we ever go as high as that is with extenuating circumstances (non-borrowing spouse but is employed, etc.)

Shameless plug as a pilot knowledgeable loan officer licensed in many states. Cheers!

First year bring home at min guarantee is going to be in the $2,500-$3,000/mo range. If you put 20% down ($80k) on a $400k house you’ll be paying in the neighborhood of $2,000/mo for principal, interest and taxes. You better have some roommates or a spouse with a good job. Keep in mind that your credit history is much like your PRIA. It stays with you forever and you should do your best to keep it clean.

49%, damn. That's one way to experience what house poor feels like! :)

I'm not sure where I got 41% from. It was a few years ago and I think that's what my loan guy back then said I would qualify.

Dang, they must think I live poor.

Weird times.
More than once I've heard Only and $350,000 when talking about their Condo or Townhome. Then hear that it now appraises at over $425000.
Only time will tell who will die with the most toys. I'm thinking they'll be Okay, and my investments will be eaten alive by inflation.