You are in the majority of potential home buyers. However, you must not buy a home that is over your ability to pay. That is the cardinal rule of buying real estate in today’s economy. Lenders have been burned by an increase in the number of people who cannot afford to pay back mortgage loans. This situation is causing lenders to be much less tolerant of those who have problems paying their mortgage. A person cannot agree to take on more debt than he or she can reasonably handle.
What you need to do is to compromise your desire to purchase your dream home. For most of us, working up to our dream home is done by a series of home purchases. We buy what we can afford, fix it up, keep it maintained, and when our salary increases significantly, we look for a better home.