this post was submitted on 11 May 2026
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As someone who has 30k in the bank and qualified for multiple 350k loans with the lenders implying I'd be good for more, this mames no sense.
Don't trust those lenders. They want you in more debt than you should take on because it makes them more money
They're reputable local credit unions, not predatory lenders, and 30k is more than a 5% down payment, even after closing costs.
I suppose the unknown here is income, as in my current position making 100kUSD/yr, I'd have absolutely no problem making payments on a 20 year or even a 15 year loan, even if I do end up with a house near the top of my budget, which I'd rather stay well under of course. That said, A $150k house seems like it'd be no problem for that commenter based on their savings making up a >20% down payment.