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Review Keywords Analysis

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

Mortgage Affordability Calculator Baltimore, MD

How much house can you afford in Baltimore? 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 Baltimore

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

1

Federal Hill Mortgage

Federal Hill Mortgage specializes in a wide range of loan products, including conventional, jumbo, FHA, VA, and renovation loans, with a focus on helping first-time buyers and self-employed clients. The team is praised for clear communication and thorough guidance throughout the loan process, though some find their approach occasionally demanding.

Services & Prices
Home Loans Quoted per loan
Refinancing Quoted per loan
View Profile
(800) 551-9198
Open 00:00 - 23:59
1240 Key Hwy, Baltimore, MD 21230
General Services
Mortgage Services
2

Taylor Paff - Preferred Home Loans

Preferred Home Loans specializes in a wide range of mortgage products, including conventional, FHA, VA, renovation, and commercial loans. Since 2019, the team has focused on making the mortgage process clear and accessible, with clients appreciating their responsiveness and straightforward communication throughout each transaction.

View Profile
(443) 931-8808
Open 8:30 AM - 8:30 PM
514 Oldham St, Baltimore, MD 21224
3

The Pamela Vroman Team of Direct Mortgage Loans

The Pamela Vroman Team specializes in mortgage solutions for first-time homebuyers, veterans, military personnel, investors, and those refinancing or upgrading their homes. Backed by a national lender, the team offers licensed, professional guidance throughout the loan process, with clients appreciating their clear communication, patience, and supportive approach.

View Profile
(410) 878-9744
Open 9:00 AM - 5:00 PM
2936 O'Donnell St, Baltimore, MD 21224
4

Bob Marousek - American Pacific Mortgage

With over two decades of experience, Bob Marousek at American Pacific Mortgage focuses on guiding both first-time buyers and seasoned investors through a variety of loan options, including conventional, FHA, and renovation loans. Clients appreciate the team’s clear communication and responsiveness throughout the mortgage process, helping them feel informed and supported.

Services & Prices
Interest Rate Lock Quoted per loan
Loan Structuring Advice Quoted per loan
Funding Assistance Quoted per loan
View Profile
(443) 779-7799
Open 8:30 AM - 8:30 PM
1014 W 36th St Office #101, Baltimore, MD 21211
General Services
Mortgage Services
5

Justin McManus - CrossCountry Mortgage

CrossCountry Mortgage offers a broad range of loan products, including conventional, VA, FHA, and construction loans, with programs designed for first-time buyers and investors alike. Customers appreciate the team’s clear communication, responsiveness, and willingness to explore all options, though some find the process challenging when unique situations arise.

Services & Prices
Home Financing Options Review Quoted per loan
Closing Process Assistance Quoted per loan
Custom Loan Structuring Quoted per loan
View Profile
(301) 502-3798
Open 00:00 - 23:59
2913 O'Donnell St #230, Baltimore, MD 21224
General Services
Homebuyer Support
Where they are 10 on the map Click a pin for the profile and directions
6

First Access Lending

First Access Lending specializes in personalized mortgage solutions, reviewing hundreds of options to fit each client’s unique financial goals. They assist with home equity access, cash-out refinancing, and first-time homebuyer support, with a focus on clear communication and education. Some clients note fees associated with credit products, but many appreciate the team’s responsiveness and… more...

First Access Lending specializes in personalized mortgage solutions, reviewing hundreds of options to fit each client’s unique financial goals. They assist with home equity access, cash-out refinancing, and first-time homebuyer support, with a focus on clear communication and education. Some clients note fees associated with credit products, but many appreciate the team’s responsiveness and guidance.

Services & Prices
Equity Loan Quoted per loan
Personal Loan Quoted per loan
Credit Card Fee Quoted per loan
View Profile
(888) 885-7789
Open 8:00 AM - 6:00 PM
400 E Pratt St 8th floor, Baltimore, MD 21202
General Services
Loan Services
7

Jeff Gunther

Known for clear communication and a wide range of loan options, Jeff Gunther and the PRMI team help clients navigate home financing with personalized guidance. They assist with purchases, refinancing, and investment loans, providing tools like a mortgage calculator to simplify planning. Customers appreciate their professionalism and responsiveness throughout the process.

View Profile
(410) 844-4602
Open 9:00 AM - 6:00 PM
3 E Henrietta St, Baltimore, MD 21230
8

Jack Hinder- First Home Mortgage (NMLS 1744172)

First Home Mortgage (NMLS 1744172) specializes in guiding first-time homebuyers through a clear and accessible mortgage process. The team offers a range of home financing options, including purchase, refinance, renovation, and construction loans, supported by helpful online tools. Clients appreciate their responsiveness and detailed explanations, though some note the process can still feel… more...

First Home Mortgage (NMLS 1744172) specializes in guiding first-time homebuyers through a clear and accessible mortgage process. The team offers a range of home financing options, including purchase, refinance, renovation, and construction loans, supported by helpful online tools. Clients appreciate their responsiveness and detailed explanations, though some note the process can still feel complex.

Services & Prices
First-Time Homebuyer Financing Quoted per loan
Mortgage Refinance Quoted per loan
Conventional Loan Approval Quoted per loan
View Profile
(443) 752-5779
Open 00:00 - 23:59
2700 Lighthouse Point E Unit 340, Baltimore, MD 21224
General Services
Mortgage Services
9

Annapolis First Mortgage LLC

Known for securing competitive rates, Annapolis First Mortgage specializes in home purchase and refinancing loans, including FHA, VA, Conventional, Jumbo, and investment property financing. Clients appreciate the team’s clear communication and smooth process, though some note paperwork can be extensive during complex transactions.

Services & Prices
Home Purchase Loan Quoted per loan
Refinance Loan Quoted per loan
Investment Property Financing Quoted per loan
View Profile
(240) 744-1717
Open 8:30 AM - 10:00 PM
1605 Race St, Baltimore, MD 21230
General Services
Mortgage Financing
10

Best Loan Choice

Known for guiding first-time homebuyers through competitive local markets, Best Loan Choice offers a range of mortgage programs with a focus on clear communication and quick approvals. The team is praised for responsiveness and helping clients understand financing strategies, though some may find the process detailed. They also assist with refinancing.

Services & Prices
Home Purchase Loans Quoted per loan
Refinance Loans Quoted per loan
First-Time Homebuyer Assistance Quoted per loan
Standard Underwriting $200 - $400
View Profile
(800) 931-5510
Open 00:00 - 23:59
1529 Light St, Baltimore, MD 21230
General Services
Mortgage Loan Services

Baltimore Mortgage Statistics

Home-purchase lending in Baltimore City County and home costs in Baltimore, MD (latest HMDA and Census data)

Lenders made 6,214 home-purchase loans in Baltimore City County in 2025 (average about $267,000) and denied 1,069 — 15% of decided applications, compared with 11% across Maryland, according to federal mortgage data (HMDA, CFPB). In Baltimore, the median home is worth $229,600 and 68% of owners have a mortgage, paying a median $1,789 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
6,214▼ 2%6,323 in 2024
Denial rate
15%MD 11%
Median home value
$229,600MD $419,900
Monthly cost with a mortgage
$1,789median · MD $2,347
Refinance loans made (Baltimore City County, 2025)
2,939 · 2,152 in 2024
Home-improvement loans made (2025)
522
Average home-purchase loan
$267,000 (MD $435,000)
Owners with a mortgage
68% · 33% of them spend 30%+ of income on housing
Median household income
$62,177 (MD $103,678)

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

Baltimore Mortgage Brokers stats: 10 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 Federal Hill Mortgage 4.9 571 Quoted per loan (800) 551-9198 Visit
2 Taylor Paff - Preferred Home Loans 5.0 106 — (443) 931-8808 Visit
3 The Pamela Vroman Team of Direct Mortgage Loans 4.9 100 — (410) 878-9744 Visit
4 Bob Marousek - American Pacific Mortgage 5.0 86 Quoted per loan (443) 779-7799 Visit
5 Justin McManus - CrossCountry Mortgage 5.0 74 Quoted per loan (301) 502-3798 Visit
6 First Access Lending 4.9 75 Quoted per loan (888) 885-7789 Visit
7 Jeff Gunther 5.0 38 — (410) 844-4602 Visit
8 Jack Hinder- First Home Mortgage (NMLS 1744172) 5.0 35 Quoted per loan (443) 752-5779 Visit
9 Annapolis First Mortgage LLC 4.8 17 Quoted per loan (240) 744-1717 Visit
10 Best Loan Choice 5.0 15 $200 (800) 931-5510 Visit

How this Baltimore 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.

Maryland 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 0.9% of the home's value a year, the Maryland 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 uses your income, debts, down payment, and interest rate to estimate the highest home price you can afford, including mortgage, PMI, and property tax.
What is the debt-to-income ratio for mortgages in Maryland?
Lenders usually cap housing costs at 31% and total debts at 43% of your gross monthly income. Some loans may allow more with strong credit.
What is the minimum down payment for a house in Baltimore?
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 Maryland?
If your down payment is under 20%, PMI is added, 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 how much house I can afford?
Higher interest rates increase monthly payments, reducing the home price you qualify for. Rates change weekly; check current rates for accurate estimates.
How do monthly debts affect my mortgage eligibility?
Higher monthly debts reduce the mortgage amount you qualify for since lenders cap total debt payments at 43% of your gross monthly income.
What are property taxes like in Maryland?
Maryland's property tax is about 0.9% of the home's value annually. This affects your monthly housing costs and affordability.
What's the difference between mortgage pre-approval and pre-qualification?
Pre-approval is a lender-verified estimate of how much you can borrow, while pre-qualification is a preliminary assessment without verification.
What does a mortgage broker do?
A mortgage broker helps find and negotiate loan options from various lenders, but does not lend money directly.

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