There is no minimum income required to buy a home, but a borrower's debt-to-income ratio can affect mortgage approval amounts. Low-income buyers should seek mortgages with low or no down payments and explore state housing finance agency programs. Homeownership has become less affordable due to rising prices and mortgage rates. Various assistance programs, including FHA, USDA, and VA loans, can help low-income individuals. Improving credit scores and budgeting for down payments are essential steps for potential homebuyers.