I think you should talk with a loan officer. There's a kind of triangle of necessities to get a loan 1.Downpayment money 2.Good credit scores (at least in the 600s) 3.Good income. If you have the first 2, your income will dictate the amount you can spend on a property. Be aware, buying houses that are VERY low priced (meaning under $75,000) may present problems in securing a mortgage at all. Many lenders do not want to do loans that low as it's not worth their while.