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Review Keywords Analysis

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

Mortgage Affordability Calculator Washington, DC

How much house can you afford in Washington? 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 Washington

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

1

Chanin Wisler, Mortgage Lender NMLS #206900

Licensed across 12 states, this mortgage lender focuses on simplifying the home buying and refinancing process with personalized, one-on-one support. The team helps clients navigate loan options, secure fast approvals, and manage everything from pre-approval to closing. Customers appreciate their clear communication and responsiveness throughout the transaction.

Services & Prices
Primary Home Loans Quoted per loan
Investment Property Loans Quoted per loan
Refinancing Loans Quoted per loan
View Profile
(301) 526-0020
Closed Now
Georgetown Plaza, 2233 Wisconsin Ave NW #232, Washington, DC 20007
General Services
Mortgage Services
2

Joel Bailey | Guild Mortgage

Known for handling complex mortgage programs efficiently, Joel Bailey | Guild Mortgage offers clear communication and organized support throughout the loan process. The team specializes in helping buyers close quickly, often under 30 days, and stays responsive even during busy times. Customers appreciate their expertise and consistent availability.

View Profile
(202) 856-7653
Closed Now
1327 14th St NW #101, Washington, DC 20005
3

Albana Collaku, Mortgage Loan Officer with UNFCU

Specializing in mortgage lending for an international membership, this credit union offers mortgage services across all 50 states with a focus on clear communication and quick turnaround times. Customers appreciate the team’s responsiveness, transparency, and ability to navigate complex financing needs smoothly, making the process straightforward and flexible.

Services & Prices
Preapproval Letters Quoted per loan
Home Purchase Financing Quoted per loan
Closing Cost Assistance Quoted per loan
Car Loans Quoted per loan
View Profile
(703) 615-7917
Closed Now
1775 Pennsylvania Ave NW, Washington, DC 20006
General Services
Mortgage Services
4

First Washington Mortgage LLC

Known for guiding clients through complex or time-sensitive home loans, First Washington Mortgage LLC offers mortgage brokerage services that include helping first-time buyers and handling unique transactions. Customers appreciate the team’s knowledge and responsiveness, though some note communication can be uneven during the process.

Services & Prices
Home Purchase Loans Quoted per loan
Refinancing Quoted per loan
Pre-Approval Quoted per loan
Conventional Loans Quoted per loan
View Profile
(202) 625-1491
Closed Now
2233 Wisconsin Ave NW #232, Washington, DC 20007
General Services
Mortgage Services
5

Atlantic Coast Mortgage - D.C.

Atlantic Coast Mortgage offers responsive service with quick email replies and weekend availability, helping clients navigate the loan process efficiently. The team assists with securing competitive mortgage rates and supports buyers through each step, though some customers have noted occasional unprofessional interactions.

View Profile
(202) 803-6433
Closed Now
655 15th St NW Office 905, Washington, DC 20005
Where they are 10 on the map Click a pin for the profile and directions
6

Alex Waters - First Home Mortgage

Specializing in first-time homebuyer loans, Alex Waters - First Home Mortgage offers clear guidance and digital tools to simplify the mortgage process. The team is known for being responsive and knowledgeable, helping clients navigate paperwork and decisions with ease, though some loan assumption cases handled by a remote team have experienced slower communication.

Services & Prices
Home Loan Application Quoted per loan
Loan Assumption Quoted per loan
Refinancing Services Quoted per loan
Closing Services Quoted per loan
View Profile
(202) 916-8854
Open 00:00 - 23:59
1015 15th St NW #375, Washington, DC 20005
General Services
Home Loan Services
7

The Mortgage Option, Inc

The Mortgage Option, Inc specializes in guiding clients through home loans and refinancing with clear communication and transparency. Their team assists with securing mortgages and offers advice on credit issues, making the process straightforward. Customers appreciate their responsiveness and support throughout each step.

View Profile
(202) 558-0988
Closed Now
2200 Pennsylvania Avenue, NW 4th Floor East Suite 4073, 2200 Pennsylvania Ave NW Ste 4037, Washington, DC 20037
8

Patti O'Connor - Guaranteed Rate Mortgages - Best Washington DC Mortgage Lender

Known for helping clients navigate home financing with clear guidance, Patti O’Connor - Guaranteed Rate Mortgages offers mortgage lending services focused on a range of property types. The team is praised for competitive rates and creative solutions, though some clients have experienced delays in communication during the loan process.

Services & Prices
Pre-Approval Quoted per loan
Mortgage Application Quoted per loan
Closing Services Quoted per loan
View Profile
(301) 922-7734
Open 00:00 - 23:59
1 Thomas Cir NW Ste 700, Washington, DC 20005
General Services
Home Loan Financing
9

Lauren Hughes with First Savings Mortgage Corporation (NMLS #815241)

First Savings Mortgage Corporation, established in 1989, is the largest privately owned residential mortgage lender in the Washington metropolitan area. They provide a range of mortgage services including home purchase financing, refinancing, and specialized loans, with helpful tools and resources to guide clients. Customers appreciate the team’s clear communication and ability to navigate… more...

First Savings Mortgage Corporation, established in 1989, is the largest privately owned residential mortgage lender in the Washington metropolitan area. They provide a range of mortgage services including home purchase financing, refinancing, and specialized loans, with helpful tools and resources to guide clients. Customers appreciate the team’s clear communication and ability to navigate complex transactions efficiently.

View Profile
(202) 893-9871
Closed Now
1485 9th St NW, Washington, DC 20001
10

Chris Cox - First Savings Mortgage

With over 25 years of mortgage banking experience, First Savings Mortgage specializes in helping clients purchase, refinance, invest in, or renovate properties. Their team offers a variety of loan options, including construction and bridge loans, supported by in-house pricing and dedicated processing to speed up closings. Customers appreciate their clear communication and responsiveness, though… more...

With over 25 years of mortgage banking experience, First Savings Mortgage specializes in helping clients purchase, refinance, invest in, or renovate properties. Their team offers a variety of loan options, including construction and bridge loans, supported by in-house pricing and dedicated processing to speed up closings. Customers appreciate their clear communication and responsiveness, though some note the team’s focus on efficiency means the process moves quickly.

View Profile
(202) 543-6830
Closed Now
659 C St SE, Washington, DC 20003

Washington Mortgage Statistics

Home-purchase lending in Washington, DC and home costs in Washington, DC (latest HMDA and Census data)

Lenders made 5,459 home-purchase loans in Washington, DC in 2025 (average about $719,000) and denied 602 — 10% of decided applications, compared with 10% across District Of Columbia, according to federal mortgage data (HMDA, CFPB). In Washington, the median home is worth $737,100 and 76% of owners have a mortgage, paying a median $3,128 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
5,4590%5,447 in 2024
Denial rate
10%DC 10%
Median home value
$737,100DC $737,100
Monthly cost with a mortgage
$3,128median · DC $3,128
Refinance loans made (Washington, DC, 2025)
2,527 · 1,796 in 2024
Home-improvement loans made (2025)
660
Average home-purchase loan
$719,000 (DC $723,000)
Owners with a mortgage
76% · 25% of them spend 30%+ of income on housing
Median household income
$109,870 (DC $109,870)

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

How this Washington 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.

District of Columbia 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 0.58% of the home's value a year, the District of Columbia 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

10 questions
How does the mortgage affordability calculator work for Washington, DC?
It estimates the maximum home price you can afford based on income, debts, down payment, and interest rate. It includes monthly payment, PMI, and property tax.
What is the debt-to-income ratio for mortgage qualification?
Lenders often cap housing costs at 31% and total debt at 43% of gross monthly income. Some loans allow higher ratios with strong credit.
What is the minimum down payment for a home in DC?
First-time buyers can put down as little as 3% on conventional loans or 3.5% on FHA loans. VA and USDA loans may allow 0% down.
How does PMI affect my mortgage in Washington?
With less than 20% down, PMI is added to conventional loans, about 0.6% of the loan annually. It can be removed when the loan balance drops below 80% of the home's value.
How do interest rates impact my mortgage affordability?
Higher interest rates increase monthly payments and reduce the maximum home price you can afford. Rates change weekly.
How do existing debts affect how much mortgage I can qualify for?
Higher monthly debts reduce the amount you can borrow, as lenders consider total debt payments against your income.
What is the property tax rate in District of Columbia?
Property tax is about 0.58% 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 lender-verified estimate of your borrowing power, while pre-qualification is an initial estimate without verification.
How does the calculator estimate mortgage affordability in Washington?
It uses income, debts, down payment, and rates to estimate the maximum affordable home price, including PMI and property tax.
What role does a mortgage broker play in Washington, DC?
A mortgage broker helps find and apply for loans, comparing options from multiple lenders to suit your needs.

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