I’m about to run out of credit paracetamol tablets 650 mg uses Perhaps your debt payments are too high, and your income needs to be higher to compensate for that — or you need to simply pay off your debt — in order to qualify. Maybe your income is just not high enough to support a house payment for the price range you desire. This differs in many markets, but generally speaking, you need to have enough income to support a house payment of at least $1,500 per month when buying a home. How much income are we talking about? At a minimum, just shy of $40,000 per year or 55% of a $1,500 mortgage payment.