If you make $65,000 a year you need to keep in mind what the banks thought process when they are considering lending to you.
The industry standard (pre housing bubble)
was to only accept borrowers with front and back end debt ratios of 28/36.
This means that only 28% of gross income should go to servicing housing costs with no more than 36% tied up servicing all debt.
A good way to calculate the high end of what you can afford is to take your annual salary and multiply it by 3.5.
In your case this means you should be able to afford a home valued at $227,000.
Assuming you make a 20% down payment which is what you should be doing (or you will need to take out insurance at the banks request)
this means you still will need to borrow $182,000.
If you amortize over 25 years and lock in a fixed rate mortgage at 5% this means your monthly mortgage costs will be $1,058.53.
With a salary of $65,000 a year this means you are getting $5416 a month before taxes meaning you will be using about 20% of your monthly income just on your mortgage.
This puts you firmly under 28% but don`t forget to factor in property taxes (0.5 to 4% annually),
home owners insurance,
utlities and other expenses and you will quickly be challenging that 28% rule.
that should get you started so good luck.