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Review Keywords Analysis

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

Mortgage Affordability Calculator Des Moines, IA

How much house can you afford in Des Moines? 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 Des Moines

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

1

New American Funding - Dane Eischeid

New American Funding offers a user-friendly digital portal that helps clients manage their mortgage applications with ease. The team provides purchase and refinance loan options, guiding borrowers through each step with clear explanations and responsive support. Customers appreciate their patience and thoroughness, especially first-time homebuyers.

View Profile
(515) 444-7471
Closed Now
604 Locust St Ste 201, Des Moines, IA 50309
2

Chris Weihe Vazquez - Mortgage Loan Officer

Specializing in mortgage lending with a focus on clear communication, this team supports homebuyers through every step, including Spanish-speaking clients. They work closely with real estate agents to keep the process smooth and are known for being patient and responsive, though some find the process naturally stressful at times.

View Profile
(515) 214-6888
Closed Now
2005 Ingersoll Ave, Des Moines, IA 50309
3

Halo Capital

Halo Capital focuses on making the mortgage process smooth and understandable, with agents who take time to explain options clearly. They assist with various loan scenarios and often help clients close faster than expected. Customers appreciate their accessibility and professional guidance throughout the entire experience.

Services & Prices
Conventional Loans Quoted per loan
FHA Loans Quoted per loan
VA Loans Quoted per loan
View Profile
(515) 974-6908
Closed Now
3839 Merle Hay Rd Ste 274, Des Moines, IA 50310
General Services
Mortgage Loans
4

New American Funding - Isaac Young

New American Funding - Isaac Young focuses on providing efficient and straightforward mortgage solutions. The team helps clients navigate loan options with clear guidance and expertise, aiming to secure the best possible assistance. Customers appreciate the smooth process and responsive support throughout their experience.

View Profile
(515) 238-8844
Closed Now
604 Locust St Ste 201, Des Moines, IA 50309
5

Teion Sales: NMLS# 2099471 Mortgage Lender at Lincoln Savings Bank

Teion Sales, licensed under NMLS# 2099471, offers personalized mortgage lending through Lincoln Savings Bank, focusing on clear communication and detailed guidance. The team handles everything from first-time homebuyer questions to complex loan processes, with clients appreciating their responsiveness and thoroughness throughout each step.

Services & Prices
Home Purchase Quoted per loan
Refinancing Quoted per loan
Pre-Approval Quoted per loan
View Profile
(319) 874-4246
Closed Now
1922 Ingersoll Ave, Des Moines, IA 50309
General Services
Mortgage Services
Where they are 7 on the map Click a pin for the profile and directions
6

ProLending Home Finance

With nearly two decades of experience, ProLending Home Finance offers a clear, step-by-step mortgage process tailored to a variety of loan types, including VA, FHA, and jumbo loans. Clients appreciate the team’s thorough communication and accessibility, though some note the process can require patience as details are carefully managed.

Services & Prices
Purchase Mortgages Quoted per loan
Refinancing Quoted per loan
Pre-Approval Quoted per loan
View Profile
(515) 225-3100
Open 8:00 AM - 5:00 PM
2524 Post St, Des Moines, IA 50310
General Services
Mortgage Services
7

New American Funding - Des Moines, IA

New American Funding offers specialized mortgage solutions like FHA, VA, and conventional loans, along with unique programs such as NAF Cash and homebuyer assistance. The team handles the loan process from start to finish, with clients often appreciating their clear communication and supportive approach, though some note the process can take time.

View Profile
(515) 209-3473
Closed Now
604 Locust St Ste 201, Des Moines, IA 50309

Des Moines Mortgage Statistics

Home-purchase lending in Polk County and home costs in Des Moines, IA (latest HMDA and Census data)

Lenders made 7,647 home-purchase loans in Polk County in 2025 (average about $297,000) and denied 627 — 8% of decided applications, compared with 9% across Iowa, according to federal mortgage data (HMDA, CFPB). In Des Moines, the median home is worth $194,700 and 68% of owners have a mortgage, paying a median $1,485 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
7,647▲ 4%7,338 in 2024
Denial rate
8%IA 9%
Median home value
$194,700IA $208,000
Monthly cost with a mortgage
$1,485median · IA $1,533
Refinance loans made (Polk County, 2025)
3,238 · 2,289 in 2024
Home-improvement loans made (2025)
1,400
Average home-purchase loan
$297,000 (IA $240,000)
Owners with a mortgage
68% · 24% of them spend 30%+ of income on housing
Median household income
$65,932 (IA $75,059)

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

Des Moines Mortgage Brokers stats: 7 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 New American Funding - Dane Eischeid 5.0 210 — (515) 444-7471 Visit
2 Chris Weihe Vazquez - Mortgage Loan Officer 5.0 166 — (515) 214-6888 Visit
3 Halo Capital 4.9 124 Quoted per loan (515) 974-6908 Visit
4 New American Funding - Isaac Young 5.0 86 — (515) 238-8844 Visit
5 Teion Sales: NMLS# 2099471 Mortgage Lender at Lincoln Savings Bank 5.0 30 Quoted per loan (319) 874-4246 Visit
6 ProLending Home Finance 4.9 30 Quoted per loan (515) 225-3100 Visit
7 New American Funding - Des Moines, IA 4.6 16 — (515) 209-3473 Visit

How this Des Moines 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.

Iowa 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 1.25% of the home's value a year, the Iowa 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 for Des Moines work?
It estimates the highest home price you can qualify for based on income, debts, down payment, and interest rate. It includes PMI and property tax.
What is the debt-to-income ratio for mortgages in Iowa?
Lenders typically 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 Des Moines?
For first-time buyers, it's 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 Iowa?
If you put less than 20% down, PMI is about 0.6% of the loan annually. It can often 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 interest rates increase monthly payments, reducing the home price you can afford. Rates start at 7.40% but change weekly.
How do my debts affect my mortgage eligibility?
Higher monthly debt payments reduce the amount you can borrow. Lenders cap total debt payments at about 43% of your gross monthly income.
What are property taxes like in Iowa?
Property tax is about 1.25% of the home's value annually for owner-occupied homes, based on the 2024 average.
What's the difference between mortgage pre-approval and pre-qualification?
Pre-approval confirms your borrowing capacity with verified income, debts, and credit. Pre-qualification is an initial estimate without verification.
What role does a mortgage broker play in Des Moines?
A mortgage broker helps find loan options and negotiates terms with lenders, but this calculator provides an initial affordability estimate.

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