[header] How to buy hud foreclosures [title] Figure out how much you can afford and qualify for. [step] Buyers with low debt may be able to afford about 29 percent of their income to go towards housing. Buyers with no debt may be able to afford monthly housing payments up to about 41 percent of their income. 
Take into account other expenses you may have to make sure you choose an amount that is comfortable. Realtors and realty listing sites usually offer mortgage calculators to determine what the monthly payment will be.