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Review Keywords Analysis

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

Mortgage Affordability Calculator Joliet, IL

How much house can you afford in Joliet? 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 Joliet

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

1

Joliet Bank & Trust

Known for its helpful and patient team, Joliet Bank & Trust offers mortgage services alongside personal and business banking. Customers appreciate the clear explanations and friendly support throughout the mortgage process, though experiences may vary depending on the representative assisting. The staff’s attentiveness often makes complex steps easier to navigate.

Services & Prices
Checking Account Opening $0 - $25
Savings Account Opening $0 - $25
Account Maintenance $5 - $15
View Profile
(815) 725-8100
Closed Now
2108 W Jefferson St, Joliet, IL 60435
General Services
Banking Services
2

John Ruiz - Preferred Rate

Known for clear communication and responsiveness, John Ruiz - Preferred Rate helps clients navigate the mortgage process with transparency and care. The team offers mortgage lending services focused on making financing straightforward and efficient. Customers appreciate their patience and professionalism, though some note the process can still feel complex at times.

Services & Prices
Loan Pre-Approval Quoted per loan
First-Time Home Buyer Assistance Quoted per loan
View Profile
(708) 925-5148
Open 7:00 AM - 10:00 PM
350 Houbolt Rd Unit 206, Joliet, IL 60431
General Services
Home Financing
3

TNT Financial Group, LLC

Known for personalized and clear communication, TNT Financial Group, LLC specializes in guiding clients through mortgage loans with detailed explanations and responsive support. The team helps both first-time buyers and experienced property owners navigate approvals and closings smoothly, with customers appreciating their professionalism and availability throughout the process.

Services & Prices
Home Purchase Loans Quoted per loan
Refinancing Quoted per loan
FHA Loans Quoted per loan
View Profile
(708) 567-2380
Closed Now
350 Houbolt Rd Unit 206, Joliet, IL 60431
General Services
Mortgage Services
4

Steve Staniszewski - Mortgage Loan Originator Midland States Bank nmls# 435784

Midland States Bank operates as a community-focused lender registered under NMLS #411141, emphasizing fair and personalized mortgage services. The team helps with home purchases and refinancing, drawing on decades of experience to guide clients through the process. Customers appreciate the responsive communication and straightforward approach, though some note paperwork can require patience.

Services & Prices
Home Purchase Loans Quoted per loan
Refinancing Quoted per loan
Loan Pre-Approval Quoted per loan
View Profile
(815) 341-5457
Closed Now
1540 Rte 59, Joliet, IL 60431
General Services
Mortgage Services
5

Janine Iuliano at CrossCountry Mortgage

Known for attentive guidance throughout the mortgage process, this team helps clients find loans that fit their goals. They assist with home purchase financing and stay responsive to questions, making the experience smoother. Some clients note the process can take time, but appreciate the clear communication and support.

View Profile
(847) 553-7196
Closed Now
310 N Ottawa St suite 5, Joliet, IL 60432
Where they are 9 on the map Click a pin for the profile and directions
6

Preferred Rate - Joliet

Preferred Rate offers a variety of home loan options, including purchase and refinance programs, supported by a broad network of licensed loan officers across multiple states. Customers appreciate the team’s straightforward guidance and helpful resources, which simplify the mortgage process, especially for first-time homebuyers. Some find the experience easier when working with specific agents… more...

Preferred Rate offers a variety of home loan options, including purchase and refinance programs, supported by a broad network of licensed loan officers across multiple states. Customers appreciate the team’s straightforward guidance and helpful resources, which simplify the mortgage process, especially for first-time homebuyers. Some find the experience easier when working with specific agents familiar with their needs.

View Profile
(708) 925-5148
Open 8:30AM - 6PM
350 Houbolt Rd Unit 206, Joliet, IL 60431
7

First Mortgage Resource

With nearly 20 years of experience, First Mortgage Resource specializes in guiding first-time homebuyers through the mortgage process. Their team offers a variety of loan options, including Conventional, FHA, VA, and Jumbo loans, aiming to make financing straightforward. Customers appreciate their clear communication and responsive support throughout the homebuying journey.

View Profile
(815) 609-9400
Closed Now
3180 Theodore St #104, Joliet, IL 60435
8
View Profile
(630) 917-4381
Closed Now
1421 Rte 59, Joliet, IL 60431
9

Wintrust Mortgage

About ForbiddenAccess to this resource is denied. Please ensure you have the necessary permissions.CredentialsNo information available regarding credentials or trust signals.OfferingsNo information available regarding services or products.Unique AdvantagesNo verifiable differentiators can be identified from the provided text.

View Profile
(815) 725-8100
Closed Now
2108 W Jefferson St, Joliet, IL 60435

Joliet Mortgage Statistics

Home-purchase lending in Will County and home costs in Joliet, IL (latest HMDA and Census data)

Lenders made 8,206 home-purchase loans in Will County in 2025 (average about $339,000) and denied 1,001 — 11% of decided applications, compared with 12% across Illinois, according to federal mortgage data (HMDA, CFPB). In Joliet, the median home is worth $265,800 and 72% of owners have a mortgage, paying a median $1,960 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
8,206▼ 2%8,362 in 2024
Denial rate
11%IL 12%
Median home value
$265,800IL $263,300
Monthly cost with a mortgage
$1,960median · IL $1,987
Refinance loans made (Will County, 2025)
5,267 · 3,528 in 2024
Home-improvement loans made (2025)
1,379
Average home-purchase loan
$339,000 (IL $322,000)
Owners with a mortgage
72% · 23% of them spend 30%+ of income on housing
Median household income
$92,201 (IL $83,390)

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

Joliet Mortgage Brokers stats: 9 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 Joliet Bank & Trust 4.9 171 $5 (815) 725-8100 Visit
2 John Ruiz - Preferred Rate 5.0 81 Quoted per loan (708) 925-5148 Visit
3 TNT Financial Group, LLC 5.0 47 Quoted per loan (708) 567-2380 Visit
4 Steve Staniszewski - Mortgage Loan Originator Midland States Bank nmls# 435784 5.0 42 Quoted per loan (815) 341-5457 Visit
5 Janine Iuliano at CrossCountry Mortgage 5.0 19 — (847) 553-7196 Visit
6 Preferred Rate - Joliet 5.0 10 — (708) 925-5148 Visit
7 First Mortgage Resource 5.0 9 — (815) 609-9400 Visit
8 Chase Home Lending 5.0 1 — (630) 917-4381 Visit
9 Wintrust Mortgage 5.0 1 — (815) 725-8100 Visit

How this Joliet 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.

Illinois 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 1.79% of the home's value a year, the Illinois 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 maximum home price you can afford based on income, debts, down payment, interest rate, and buyer status. It calculates mortgage, PMI, and property tax.
What is the debt-to-income ratio for mortgages in Illinois?
Lenders often cap housing costs at 31% and total debt payments at 43% of gross monthly income. Some loans allow more with strong credit.
What is the minimum down payment for a mortgage in Joliet?
Minimum down payments are 3% for conventional first-time buyer loans and 3.5% for FHA loans. VA and USDA loans may allow 0% down for eligible buyers.
How does PMI affect my mortgage in Joliet?
With under 20% down, PMI adds about 0.6% of the loan annually. It can usually be removed once the balance drops below 80% of the home's value.
How do interest rates affect mortgage affordability?
Higher interest rates increase monthly payments, reducing the home price you can afford. The calculator starts at 7.40%, but rates change weekly.
How do debts impact how much mortgage I can qualify for?
Higher monthly debt payments reduce the mortgage amount you can qualify for, as lenders cap total debt payments relative to income.
What is the property tax rate in Illinois?
The property tax rate is about 1.79% 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 involves lender verification of income, debts, credit, and down payment, while pre-qualification is a preliminary estimate without verification.
What role does a mortgage broker play?
A mortgage broker helps find loan options and navigate the mortgage process, but this calculator provides an independent estimate of affordability.

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