<human>: Could you distill the essence of the text into 1-3 sentences?

Hey guys,

I was hoping to get some thoughts on my current situation. I'm a recent college graduate making around $48,000 a year and I'm looking at getting a house soon. Since I'm living with my mom right now my only bill is car insurance of about $100 a month.  I'm very fortunate in that my grandfather has a significant amount of money and has said he will help me out with a downpayment, but is reluctant to discuss details until I'm closer to buying. He mentioned around 30% for a downpayment, but won't tell me much else.

The area I'm looking at has prices around 200-250k. Obviously this would be out of my price range normally, but given the assistance am I wrong for going a little bit higher than I otherwise would? My feeling is that with the rates and prices like they are, spending more might not be a terrible idea, especially if I can skip the "starter home" considering I don't see myself relocating out of this city.

At the very least this downpayment would be an interest free loan, but more likely it would be essentially an advance on my inheritance. As of now I have 10k in the bank and that will only increase as most of my paycheck is heading to my savings. I wish I could be more specific about the downpayment but that's all I've got.
<bot>: I have at least a 30% downpayment ready, 48k a year income, and no car payment. How much house should I buy?