*** The great Empire of Debt will eventually destroy herself…other insights, forecasts and views to take you into the weekend!*** The Bear Stearns of the North Atlantic…is it time to buy Icelandic bonds? There is no upper age limit set by HUD for the borrower. Nor is there a certain income level that the borrower must achieve in order to buy a home at a certain price. And although income is certainly an important factor, it is simply one of the several determining factors which are used by the HUD to find whether the borrower will be able to repay the mortgage.