I would say that you can most likely be able to buy a home in the $150,000 range. My mortgage broker just helped me buy my second home and it was in the $150,000 range. If you have any questions about getting approved for a loan I would give him a call. Ni name is Nate Jones with Cobalt Financial and his office number is (760) 481-3173. Good luck finding a home.

How good is your credit? Have you been pre-qualified?

My guess would be somewhere between $150,000 and $175,000. That's if you were to put 10% down, paying a 5.5% rate on a 30 year fixed mortgage. I estimated your taxes would be around $2,000 a year and insurance around $600 a year.

I invite you to mess around with a really cool mortgage calculator on my site here: http://www.themmteam.com/2008/06/mortgage-info.html

For a more precise calculation, I advise you to speak with a lender. Things will change depending on your credit, income, job status, down-payment, etc.

Hope this helps and good luck!