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  1. United States
  2. Best Mortgage Brokers
  3. Mortgage Brokers in Massachusetts
  4. Worcester
  5. Mortgage Affordability Calculator
1 · Your income
2 · Down payment
3 · What you can afford
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Mortgage Affordability Calculator Worcester, MA

How much house can you afford in Worcester? 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 Worcester

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

1

Envoy Mortgage - Worcester, MA

Envoy Mortgage in Worcester is known for providing a smooth and informative mortgage process, with a team that is patient and thorough. They offer attentive support throughout home financing, and customers appreciate their honesty and availability, though some note the process can take time.

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(508) 635-5422
Closed Now
25 Harvard St 2nd Floor, Worcester, MA 01609
2

Guild Mortgage - Trevor McFarland

Guild Mortgage - Trevor McFarland specializes in renovation financing and offers a range of residential loan products, including FHA loans and down payment assistance programs. The team is known for clear communication and strong support throughout the homebuying process, though some clients have noted occasional delays during certain steps.

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(603) 801-0640
Closed Now
324 Grove St 1st Floor, Worcester, MA 01605
3

Guild Mortgage - Chad Rankin - Home Loan Expert

Guild Mortgage specializes in a broad range of home loan options, including VA loans and down payment assistance, aimed at helping diverse buyers achieve homeownership. The team provides clear, responsive guidance throughout the process, with local processing that adds convenience. Customers appreciate their thoroughness and availability, though response times can vary.

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(508) 417-7740
Open 8:30 AM - 8:00 PM
324 Grove St 1st Floor, Worcester, MA 01605
4

Loans With Larry

Known for a client-centric approach, Loans With Larry offers personalized guidance throughout the mortgage application process. The team helps clients find mortgage programs suited to their financial situations and homeownership goals. Customers appreciate their clear communication and responsiveness, noting the process feels smooth and manageable from start to finish.

Services & Prices
Home Purchase Quoted per loan
Refinancing Quoted per loan
Mortgage Pre-Approval Quoted per loan
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(774) 249-9309
Open 8:00 AM - 8:00 PM
50 Elm St, Worcester, MA 01609
General Services
Mortgage Services
5

Intuitive Mortgage - Jason Bibeau, Mortgage Broker

Intuitive Mortgage specializes in simplifying the mortgage process with a focus on clear communication and timely loan closings. The team assists a variety of clients, from first-time buyers to those refinancing or investing, providing transparent guidance and competitive rates. Customers appreciate their responsiveness and ability to ease stressful situations.

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(508) 341-4784
Closed Now
1 Kelley Sq Ste 207, Worcester, MA 01610
Where they are 10 on the map Click a pin for the profile and directions
6

Branch | Worcester, MA # 2531, 2540

This branch focuses on providing attentive and personable mortgage services, aiming to simplify the home-buying process. The team handles loan applications with care, helping customers navigate financing options efficiently. While many appreciate the fast and friendly service, some have expressed concerns about specific loan officers.

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(508) 792-0360
Closed Now
711 Pleasant St, Worcester, MA 01602
7

New American Funding - Worcester, MA

New American Funding stands out for its focus on supporting underserved communities, especially through programs like Latino Focus and Pathway to Homeownership. They offer a range of mortgage products including VA loans, adjustable-rate, and fixed-rate mortgages, along with unique options like NAF Cash for competitive buying. Customers appreciate the team’s clear communication and helpful… more...

New American Funding stands out for its focus on supporting underserved communities, especially through programs like Latino Focus and Pathway to Homeownership. They offer a range of mortgage products including VA loans, adjustable-rate, and fixed-rate mortgages, along with unique options like NAF Cash for competitive buying. Customers appreciate the team’s clear communication and helpful guidance throughout the loan process.

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(508) 755-9881
Closed Now
169 Shrewsbury St Suite A, Worcester, MA 01604
8

Elite Financial Group Inc

Elite Financial Group Inc specializes in mortgage brokering for purchases and refinancing, with a team known for their efficiency and knowledge in the Worcester area. They handle various mortgage needs and have repeat clients who appreciate their service. Some reviews raise concerns about foreclosure practices, so prospective customers may want to research carefully.

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(508) 798-8117
Closed Now
425 Sunderland Rd, Worcester, MA 01604
9

Guild Mortgage Company

With over 60 years of experience, Guild Mortgage specializes in a wide range of home financing options, including VA, Jumbo, FHA, and renovation loans. Their community-based loan officers combine local knowledge with national resources to guide borrowers through the mortgage process. Customers often highlight the team’s responsiveness and support, especially during challenging situations.

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(508) 535-6097
Closed Now
324 Grove St 1st Floor, Worcester, MA 01605
10

Guild Mortgage - Mark Shea

Guild Mortgage: Your Home Financing PartnerGuild Mortgage is a leading national mortgage lender dedicated to helping individuals and families achieve homeownership. With a strong commitment to customer service and a comprehensive range of loan products, Guild Mortgage strives to make the home buying and refinancing process as smooth and accessible as possible. The company prides itself on its… more...

Guild Mortgage: Your Home Financing PartnerGuild Mortgage is a leading national mortgage lender dedicated to helping individuals and families achieve homeownership. With a strong commitment to customer service and a comprehensive range of loan products, Guild Mortgage strives to make the home buying and refinancing process as smooth and accessible as possible. The company prides itself on its experienced team of loan officers who provide personalized guidance and support throughout the entire mortgage journey. Guild Mortgage emphasizes integrity, transparency, and a customer-centric approach, aiming to build lasting relationships based on trust and satisfaction. Their mission is to empower borrowers with the knowledge and resources needed to make informed decisions about their home financing.Awards & RecognitionGuild Mortgage has consistently been recognized for its excellence in the mortgage industry. The company has received accolades such as being named a Top Mortgage Lender, reflecting its strong performance and market presence. These awards underscore Guild Mortgage's dedication to providing exceptional service and competitive loan solutions. Their commitment to quality is further evidenced by high customer satisfaction ratings across various platforms, including Zillow, Experience.com, and Google. These testimonials highlight the professionalism, knowledge, and efficiency of their loan officers, reinforcing Guild Mortgage's reputation as a trusted partner in home financing.Guild Mortgage ServicesGuild Mortgage offers a diverse portfolio of mortgage products designed to cater to a wide array of borrower needs. This includes options for first-time homebuyers, those looking to refinance, and individuals seeking specialized loan programs. Key offerings include conventional loans, FHA loans, VA loans, and USDA loans, as well as options for down payment assistance and relocation. They also provide tools like mortgage calculators and pre-approval services to help borrowers understand their options and prepare for the application process. Guild Mortgage serves various markets, including high-cost areas, and supports borrowers through every step, from initial inquiry to closing.Verifiable DifferentiatorsGuild Mortgage distinguishes itself through its extensive network of branches and loan officers across the nation, ensuring local expertise and personalized service. The company actively engages in community initiatives through its Guild Giving program, demonstrating a commitment beyond financial services. Furthermore, Guild Mortgage consistently earns high customer satisfaction ratings, with many loan officers achieving near-perfect scores based on numerous reviews, highlighting their dedication to client success.

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(508) 556-7774
Closed Now
324 Grove St 1st Floor, Worcester, MA 01605

Worcester Mortgage Statistics

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

Lenders made 8,895 home-purchase loans in Worcester County in 2025 (average about $479,000) and denied 824 — 8% of decided applications, compared with 9% across Massachusetts, according to federal mortgage data (HMDA, CFPB). In Worcester, the median home is worth $374,400 and 67% of owners have a mortgage, paying a median $2,216 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
8,895▲ 3%8,651 in 2024
Denial rate
8%MA 9%
Median home value
$374,400MA $562,100
Monthly cost with a mortgage
$2,216median · MA $2,726
Refinance loans made (Worcester County, 2025)
5,810 · 4,178 in 2024
Home-improvement loans made (2025)
2,331
Average home-purchase loan
$479,000 (MA $604,000)
Owners with a mortgage
67% · 36% of them spend 30%+ of income on housing
Median household income
$70,102 (MA $103,960)

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

How this Worcester 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.

Massachusetts 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 0.95% of the home's value a year, the Massachusetts 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 Worcester mortgage affordability calculator work?
It estimates the highest home price you can qualify for based on income, debts, down payment, interest rate, and buyer status.
How much house can I afford with a $100k salary in Massachusetts?
Lenders often cap housing costs at 31% of your gross income. Total debt payments shouldn't exceed 43%. Actual affordability depends on debts and down payment.
What is the minimum down payment for a home in Worcester?
First-time buyers can put down as little as 3% on conventional loans and 3.5% on FHA loans. VA and USDA loans may allow 0% down.
How does PMI affect my mortgage in Massachusetts?
If your down payment is under 20%, PMI is added, roughly 0.6% of the loan annually. It can be removed when the balance is below 80% of the home's value.
How do interest rates impact what I can afford?
Higher interest rates increase monthly payments, reducing the home price you can afford. Rates change weekly.
How do my debts affect my mortgage qualification?
Total debt payments should not exceed 43% of your gross monthly income. High debts can lower the mortgage amount you qualify for.
What is the property tax rate in Worcester, MA?
The property tax rate in Massachusetts is about 0.95% of the home's value annually.
What's the difference between pre-approval and pre-qualification?
Pre-approval involves lender verification of income, debts, and down payment. Pre-qualification is an estimate without verification.
What does a mortgage broker do in Worcester?
A mortgage broker helps find and apply for home loans, comparing options from various lenders.

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