ask for what you can afford
keep your monthly payment at 28% of Income
Your total monthly housing payment should now exceed 28% of your total monthly income. This payment includes the monthly mortgage payment, taxes, homeowners insurance and any other related community assessments.
But as a financial tip, you should limit your total home purchase price to what you can comfortably afford. You don't want to sacrifice your other family wants such as a vacation and other just so you can live in a higher priced home.
Keeping your housing costs within affordability ranges will better qualify you for the mortgage.
Run Some Affordability Numbers