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Review Keywords Analysis

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

Mortgage Affordability Calculator Montgomery, AL

How much house can you afford in Montgomery? 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 Montgomery

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

1

Fairway Independent Mortgage Corporation

Fairway Independent Mortgage Corporation focuses on providing personalized mortgage solutions to homebuyers in the River Region. The team offers a range of loan options and works closely with clients throughout the process. Customers appreciate their clear communication and supportive approach, though some note the process can take time.

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(334) 270-9100
Closed Now
6845 Halcyon Park Dr, Montgomery, AL 36117
2

Guild Mortgage - Jimmy Parsons

Guild Mortgage specializes in a wide range of loan options, including conventional, FHA, VA, and jumbo loans, tailored to various homeownership needs. The team is known for being responsive and professional, guiding clients smoothly through the mortgage process with clear communication and reliable support.

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(334) 782-8949
Closed Now
1943 Berry Chase Pl, Montgomery, AL 36117
3

John W Mills | Fairway Independent Mortgage Corporation Loan Officer

Known for guiding clients through a straightforward mortgage process, this team offers clear communication and attentive support from start to finish. They provide a range of loan services with a focus on making each step easy to understand. Customers appreciate the smooth experience and the personable, hometown approach.

Services & Prices
Home Purchase Loans Quoted per loan
Refinancing Quoted per loan
VA Loans Quoted per loan
View Profile
(334) 270-9100
Closed Now
6845 Halcyon Park Dr, Montgomery, AL 36117
General Services
Mortgage Services
4

Allison Prillaman | Fairway Home Mortgage Loan Officer

Known for guiding clients through a smooth mortgage process with clear communication and responsiveness, this loan officer at Fairway Home Mortgage offers a wide range of loan options including conventional, FHA, VA, and specialized loans. Customers appreciate the supportive approach and timely updates, though the process can sometimes feel detailed due to thorough explanations.

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(334) 220-3340
Closed Now
6845 Halcyon Park Dr, Montgomery, AL 36117
5

Hunter Beasley | Fairway Independent Mortgage Corporation Loan Officer

Fairway Independent Mortgage Corporation offers a wide range of loan options, including conventional, FHA, VA, and renovation loans, designed to support various home financing needs. Their team provides clear communication and thorough guidance throughout the mortgage process, helping clients understand paperwork and find loans that fit their unique situations. Customers appreciate their… more...

Fairway Independent Mortgage Corporation offers a wide range of loan options, including conventional, FHA, VA, and renovation loans, designed to support various home financing needs. Their team provides clear communication and thorough guidance throughout the mortgage process, helping clients understand paperwork and find loans that fit their unique situations. Customers appreciate their responsiveness and professional approach, though some note the process can require patience.

View Profile
(334) 467-5775
Closed Now
6845 Halcyon Park Dr, Montgomery, AL 36117
Where they are 10 on the map Click a pin for the profile and directions
6

Shelly Nickles at CrossCountry Mortgage

CrossCountry Mortgage is known for its wide range of mortgage options and a client-focused approach that helps simplify home financing. The team guides borrowers through conventional, FHA, VA, and jumbo loans with clear communication and steady support. Customers appreciate the professionalism and responsiveness, though some note the process can be complex depending on individual circumstances.

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(334) 269-7111
Closed Now
7224 Halcyon Park Dr Store # J, Montgomery, AL 36117
7

Guild Mortgage - Alex Castanza

Guild Mortgage - Alex Castanza focuses on clear communication and attentive service throughout the mortgage process. The team offers guidance for first-time homebuyers and experienced clients alike, helping to ease concerns and provide straightforward answers. Customers appreciate their promptness and the effort to find favorable loan options.

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(334) 590-8944
Closed Now
1943 Berry Chase Pl, Montgomery, AL 36117
8

Guild Mortgage - Harris Baker Jr

Guild Mortgage - Harris Baker Jr specializes in guiding homebuyers and homeowners through a variety of mortgage options, including FHA, VA, USDA, Conventional, Jumbo, and renovation loans. The team is known for clear communication and patient support, helping clients understand each step of the financing process while working efficiently to meet closing timelines.

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(334) 549-8332
Closed Now
1943 Berry Chase Pl, Montgomery, AL 36117
9

Assurance Financial - Montgomery, AL

With 25 years of experience, Assurance Financial focuses on guiding clients through a variety of mortgage options, including purchase, refinance, and specialized loan programs. Customers appreciate the team’s clear communication and personalized support, though some note the process can take time depending on individual circumstances.

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(334) 216-7019
Closed Now
7065 Fain Park Dr Ste c, Montgomery, AL 36117
10

Guild Mortgage Company

With decades of experience since 1960, Guild Mortgage offers a variety of home financing options, including VA, USDA, and renovation loans. The team is known for clear communication and quick responses, helping clients navigate complex processes, though some customers have noted occasional delays in follow-up after closing.

Services & Prices
Purchase Mortgages Quoted per loan
Refinancing Quoted per loan
Pre-Approval Quoted per loan
View Profile
(334) 513-8113
Closed Now
1943 Berry Chase Pl, Montgomery, AL 36117
General Services
Mortgage Services

Montgomery Mortgage Statistics

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

Lenders made 2,534 home-purchase loans in Montgomery County in 2025 (average about $228,000) and denied 530 — 17% of decided applications, compared with 20% across Alabama, according to federal mortgage data (HMDA, CFPB). In Montgomery, the median home is worth $161,900 and 62% of owners have a mortgage, paying a median $1,307 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
2,5340%2,542 in 2024
Denial rate
17%AL 20%
Median home value
$161,900AL $209,900
Monthly cost with a mortgage
$1,307median · AL $1,433
Refinance loans made (Montgomery County, 2025)
1,279 · 1,166 in 2024
Home-improvement loans made (2025)
267
Average home-purchase loan
$228,000 (AL $278,000)
Owners with a mortgage
62% · 26% of them spend 30%+ of income on housing
Median household income
$56,811 (AL $63,999)

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

How this Montgomery 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 estimate what I can afford?
The calculator uses your income, debts, down payment, interest rate, and buyer status to estimate the maximum home price you can qualify for in Montgomery.
What is the debt-to-income ratio for mortgages in Alabama?
Lenders typically cap housing costs at 31% and total debt payments at 43% of your gross monthly income, following FHA standards.
What is the minimum down payment for a first-time home buyer in Montgomery?
First-time buyers can pay as little as 3% on conventional loans and 3.5% on FHA loans. VA and USDA loans may allow 0% down for eligible buyers.
How does PMI affect my mortgage in Alabama?
If your down payment is under 20%, PMI is added, costing about 0.6% of the loan annually. It can usually be removed once the loan balance is below 80% of the home's value.
How do interest rates impact my mortgage affordability?
Higher interest rates increase monthly payments, reducing the home price you can afford. Rates start at 7.40% in this calculator and change weekly.
How do my debts affect the mortgage amount I can qualify for?
Higher monthly debts reduce the mortgage amount you can qualify for, as lenders consider your total debt-to-income ratio.
What is the property tax rate in Alabama for home buyers?
The property tax rate is about 0.37% of the home's value annually, based on the 2024 average for owner-occupied homes.
What's the difference between pre-approval and pre-qualification?
Pre-approval is a more rigorous process where lenders verify your income, debts, credit, and down payment, providing a confirmed borrowing amount.
How can a mortgage broker help me in Montgomery?
A mortgage broker can assist in finding loan options and navigating the mortgage process, but this calculator provides an initial affordability estimate.

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