How much salary a year to qualify for $180,000 mortgage loan for a 300K home?

While my income of 48K a year is relatively low,but I do have 120K available to put as a down payment. I know several ratios are used to calculate if i qualify, so i was wondering if i even could get a mortgage? what would my options be? would a cosigner with great credit score (parents) help?How much salary a year to qualify for $180,000 mortgage loan for a 300K home?
At $48k per year, that allows for about $1,700 or $1,800 per month to cover the following bills: Car payment, credit cards, school loans, and the mortgage (PiTI).





If you are 100% debt free, you can apply the entire $1,700 to $1,800 to the mortgage. Depending upon where you live, the taxes and insurance will vary on a $300k home. Depending upon your credit, the Principal and interest will vary (on the $180k loan).





Parents will need good credit AND available debt to income ratios to help you out.How much salary a year to qualify for $180,000 mortgage loan for a 300K home?
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