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Review Keywords Analysis

  1. United States
  2. Best Mortgage Brokers
  3. Mortgage Brokers in Alabama
  4. Mobile
  5. Mortgage Affordability Calculator
1 · Your income
2 · Down payment
3 · What you can afford
Step 1 of 3

Mortgage Affordability Calculator Mobile, AL

How much house can you afford in Mobile? See your maximum price, monthly payment and pre-approval estimate. Free, instant, no credit check.

Updated · current rates and lending limits

Add your partner's income if you're buying together.

Car loans, credit cards, lines of credit, student loans. Not rent.

Property tax are for this state.

An estimate, not a mortgage approval or pre-approval. A mortgage broker confirms your real number.

Top-rated mortgage brokers in Mobile

Ranked by TrustAnalytica from verified reviews · see the full Top 10 list →

1

Embrace Home Loans - Mobile, AL

Embrace Home Loans offers attentive support throughout the mortgage process, with agents who stay available even after closing to assist with any issues. They provide guidance on home loans and are known for their friendly, professional approach. Some customers note occasional delays in communication but appreciate the overall helpfulness.

View Profile
(251) 706-8001
Closed Now
7221 Grelot Rd Ste F, Mobile, AL 36695
2

GMFS Mortgage - Mobile

Known for clear communication and a proactive approach, GMFS Mortgage - Mobile helps clients move smoothly through the mortgage process. The team offers digital document signing to speed up closings, often completing them in about 20 days. Some clients note occasional hiccups, but these are usually caught early and handled efficiently.

View Profile
(251) 408-3485
Closed Now
3607 Old Shell Rd Unit 7, Mobile, AL 36608
3

Camille Wilkinson

Known for guiding first-time homebuyers through complex loan challenges, this mortgage broker offers personalized support that many clients appreciate. Services include conventional, FHA, VA, and USDA loans, with a focus on clear communication and tailored financing options. Some customers note inconsistent guidance during the application process.

Services & Prices
Home Loan Consultation $100 - $200
Loan Application Assistance $300 - $500
Credit Counseling $50 - $150
Document Verification $200 - $400
View Profile
(251) 264-3188
Closed Now
Gateway Center West, 1201 Montlimar Dr #300, Mobile, AL 36609
General Services
Mortgage Services
4

First Federal Mortgage

First Federal Mortgage specializes in personalized home financing with a focus on simplifying the mortgage process for buyers. They offer a range of loan options including conventional, FHA, VA, and construction loans, supported by a responsive team known for clear communication. Customers appreciate the ongoing support even after closing, though some note the process can take time.

View Profile
(251) 344-5626
Closed Now
6353 Piccadilly Square Dr, Mobile, AL 36609
5

Hometown Lenders, Inc.

Known for responsive communication and clear explanations throughout the loan process, Hometown Lenders, Inc. assists homebuyers with mortgage applications and loan closings. Customers appreciate their quick follow-up and professionalism, though some have raised concerns about fees and post-closing details. The team works to keep clients informed from start to finish.

Services & Prices
Conventional Home Loans Quoted per loan
FHA Loans Quoted per loan
VA Loans Quoted per loan
Rate & Term Refinance Quoted per loan
View Profile
(251) 421-6585
Closed Now
308 S Sage Ave, Mobile, AL 36606
General Services
Home Loans
Where they are 10 on the map Click a pin for the profile and directions
6

Brandon Hambright - American Home Lending USA

American Home Lending USA holds an A+ rating with the Better Business Bureau, reflecting its family-owned approach and transparent service. The team offers a wide range of mortgage options, including conventional, FHA, VA, and specialized community loans. Customers appreciate their clear communication and steady support, especially through complex or stressful financing situations.

Services & Prices
Home Purchase Loans Quoted per loan
Refinancing Quoted per loan
VA Loans Quoted per loan
View Profile
(251) 431-8841
Closed Now
1751 Old Shell Rd # B, Mobile, AL 36604
General Services
Mortgage Lending
7

Haley Barnes - Union Home Mortgage

Union Home Mortgage specializes in a wide range of loan options, including VA, FHA, and rehab financing, tailored to different homebuyer needs. The team guides clients through the mortgage process with clear communication and responsive support, helping to ease first-time buyer concerns and streamline transactions.

Services & Prices
Purchase Mortgages Quoted per loan
Refinancing Quoted per loan
Pre-Approval Quoted per loan
View Profile
(251) 366-7355
Closed Now
280 McGregor Ave Ste A-2, Mobile, AL 36608
General Services
Mortgage Services
8

Union Home Mortgage - Mobile, AL

Union Home Mortgage offers a broad range of loan options, including FHA, VA, USDA, and new construction loans, aimed at making home financing accessible and understandable. Customers appreciate the team’s clear communication and patient guidance throughout the process, though some note the experience can feel detailed due to the many available programs.

View Profile
(251) 332-4565
Closed Now
280 McGregor Ave Ste A-2, Mobile, AL 36608
9

Mortgage Team 1, Inc.

Mortgage Team 1, Inc. is known for clear communication and a supportive approach throughout the mortgage process. The team offers professional guidance on home loans and handles everything with patience and responsiveness. Customers appreciate their attentiveness and the smooth experience, even when managing long-distance transactions.

View Profile
(251) 650-0805
Closed Now
5011 Government Blvd Ste B, Mobile, AL 36693
10

Mortgage Solutions, Inc.

Known for guiding first-time homebuyers through the mortgage process with clear communication and personalized support, Mortgage Solutions, Inc. helps clients secure competitive loan rates while keeping them informed at every step. The team is friendly and professional, though some may find their availability limited outside regular hours.

Services & Prices
Home Loan Quoted per loan
Refinance Loan Quoted per loan
Pre-Approval for Mortgage Quoted per loan
View Profile
(251) 661-7979
Closed Now
820 Azalea Rd, Mobile, AL 36693
General Services
Mortgage Services

Mobile Mortgage Statistics

Home-purchase lending in Mobile County and home costs in Mobile, AL (latest HMDA and Census data)

Lenders made 4,254 home-purchase loans in Mobile County in 2025 (average about $250,000) and denied 937 — 18% of decided applications, compared with 20% across Alabama, according to federal mortgage data (HMDA, CFPB). In Mobile, the median home is worth $193,300 and 58% of owners have a mortgage, paying a median $1,409 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
4,2540%4,264 in 2024
Denial rate
18%AL 20%
Median home value
$193,300AL $209,900
Monthly cost with a mortgage
$1,409median · AL $1,433
Refinance loans made (Mobile County, 2025)
2,221 · 1,810 in 2024
Home-improvement loans made (2025)
636
Average home-purchase loan
$250,000 (AL $278,000)
Owners with a mortgage
58% · 31% of them spend 30%+ of income on housing
Median household income
$53,558 (AL $63,999)

Source: CFPB / FFIEC Home Mortgage Disclosure Act (HMDA) data, 2024–2025 loan applications in Mobile County (originated vs denied); home values and costs: U.S. Census Bureau ACS 2020–2024. Compiled by TrustAnalytica.

Mobile Mortgage Brokers stats: 10 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 Embrace Home Loans - Mobile, AL 4.9 319 — (251) 706-8001 Visit
2 GMFS Mortgage - Mobile 5.0 146 — (251) 408-3485 Visit
3 Camille Wilkinson 4.9 123 $50 (251) 264-3188 Visit
4 First Federal Mortgage 5.0 82 — (251) 344-5626 Visit
5 Hometown Lenders, Inc. 4.8 75 Quoted per loan (251) 421-6585 —
6 Brandon Hambright - American Home Lending USA 5.0 46 Quoted per loan (251) 431-8841 Visit
7 Haley Barnes - Union Home Mortgage 5.0 40 Quoted per loan (251) 366-7355 Visit
8 Union Home Mortgage - Mobile, AL 5.0 38 — (251) 332-4565 Visit
9 Mortgage Team 1, Inc. 5.0 37 — (251) 650-0805 Visit
10 Mortgage Solutions, Inc. 4.7 14 Quoted per loan (251) 661-7979 Visit

How this Mobile mortgage affordability calculator works

Lenders look at your debt-to-income ratio. Housing costs (principal and interest, property tax, homeowners insurance and mortgage insurance) should stay under about 31% of your gross monthly income, and housing plus your other monthly debts under 43%. The calculator finds the highest home price that passes both tests with your down payment, on a 30-year fixed loan.

Alabama rules and numbers this calculator uses

Debt-to-income
31% for housing and 43% total, the FHA standard and the long-time Qualified Mortgage limit. Some conventional loans go higher with strong credit and savings.
Down payment
At least 3% on a conventional first-time buyer loan (3.5% on FHA). Under 20% down, private mortgage insurance of about 0.6% of the loan a year is added to the payment.
Property tax
About 0.37% of the home's value a year, the Alabama average for owner-occupied homes (2024 Census ACS).
Insurance
Homeowners insurance assumed at $150 a month; it varies a lot by home and location.
Rate
Starts at 7.40% (Freddie Mac 30-year average, October 2026). Change it to the rate you have been quoted.

An estimate, not a mortgage approval or pre-approval. Your credit, income type, the property and the lender all change the answer; a mortgage broker confirms your real number. Sources: Freddie Mac Primary Mortgage Market Survey (October 2026), U.S. Census Bureau American Community Survey 2024 property tax data, FHA and CFPB debt-to-income guidance.

Frequently asked questions

9 questions
How does the mortgage affordability calculator work?
It estimates the highest home price you can qualify for based on income, debts, down payment, and interest rate, including PMI and property tax.
What is the debt-to-income ratio for mortgages in Alabama?
Lenders often cap housing costs at 31% of gross monthly income and total debts at 43%. Some loans allow more with strong credit.
What is the minimum down payment for a home in Mobile?
Minimum down payment is 3% for conventional first-time buyer loans and 3.5% for FHA loans. VA and USDA loans may allow 0% down.
How does PMI affect my mortgage in Alabama?
With less than 20% down, PMI adds about 0.6% of the loan annually. It can usually be removed once the balance is below 80% of the home's value.
How do interest rates impact how much house I can afford?
Higher rates increase monthly payments, reducing the home price you can afford. The calculator uses a 7.40% starting rate, which changes weekly.
How do my debts affect my mortgage qualification?
Higher monthly debts reduce the mortgage amount you qualify for, as lenders consider total debt payments in the debt-to-income ratio.
What are property taxes like in Alabama?
Property taxes are about 0.37% of the home's value annually, based on the 2024 Census average for owner-occupied homes.
What's the difference between pre-approval and pre-qualification?
Pre-approval is a more detailed process where lenders verify income, debts, and credit. Pre-qualification is an initial estimate without verification.
Why use a mortgage broker in Mobile?
A broker can help find loan options that fit your needs and guide you through the mortgage process, but specific services vary.

General information, not financial advice — consult a qualified professional.