I do not think you will have a problem getting a loan but I recommend that you speak with a mortgage person in so you can know for suret. I can recommend someone if you would like.
We have a lot of condos in the price range you mentioned near Research Park but you could also buy a home with a back yard. In our area, homes are moderately priced and taxes are low so you may be able to purchase more than you expected. Let me know why a condo is attractive to you. If you are not already working with a realtor I would be happy to assist you with buying a home in North AL. I have over 16 years experience and a life time of information about the area.
Let me know how I can assist you.
Coldwell Banker First