If you make $3,000 a month, most lenders use the 28/36 rule:
- You can spend about 28% of your income on housing = $840/month for mortgage, taxes, and insurance.
- Total debt (car loans, credit cards + mortgage) should stay under 36% = $1,080/month max.
That means you can probably buy a house in the $120K–$150K range, depending on interest rates, down payment, and property taxes.
Here’s a quick visual for you:
🏡 Can You Buy a House on $3,000/Month?
- Monthly Income: $3,000
- Max Housing Budget (28%): $840
- Estimated Home Price Range: $120K – $150K
- Tip: FHA loans + down payment assistance can help you buy more house.
💬 Trealtorr.com can run the exact numbers and find homes in your budget. Text us at +1 (347) 831-6085 we’ll make it simple.
🔥 Bottom line: Yes, you can buy a house — you just need the right loan program and maybe some down payment help (we can guide you).