Mortgage Affordability Calculator Syracuse, NY
How much house can you afford in Syracuse? 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.
Enter your yearly household income.
Savings and gifts from family count. Many first-time buyer loans need just 3% down; under 20% you pay mortgage insurance.
7.40% (Freddie Mac 30-year average, October 2026). Change it if you've been quoted a rate.
Enter your down payment.
| After | Paid in total | Still owed |
|---|
Approved Credit Services, Inc NMLS #9604
5.0 · 272 reviews · Free pre-approval
Get pre-approved →
Mariner Finance
4.7 · 181 reviews · Free pre-approval
Get pre-approved →
MHD Empire Service Corp.
4.8 · 43 reviews · Free pre-approval
Get pre-approved →
An estimate, not a mortgage approval or pre-approval. A mortgage broker confirms your real number.
Top-rated mortgage brokers in Syracuse
Ranked by TrustAnalytica from verified reviews · see the full Top 10 list →
Approved Credit Services, Inc NMLS #9604
With over 30 years of experience specializing in manufactured home financing, Approved Credit Services, Inc. offers chattel loan options for homes in communities or on leased land. The team works with multiple lenders to find competitive rates and guides clients through a straightforward loan process, earning praise for their responsiveness and clear communication.
Mariner Finance
Mariner Finance is known for working with clients who may have less-than-perfect credit, offering personal loan options with clear communication throughout the process. The team provides respectful and professional service, helping with loans and extra financing needs. Some customers note the process can take time but appreciate the understanding approach.
MHD Empire Service Corp.
With over 20 years of experience specializing in manufactured home financing, MHD Empire Service Corp. offers competitive loan rates and a streamlined application process. Their team is known for being knowledgeable and responsive, helping first-time buyers navigate the steps with clear guidance and timely communication.
Joseph Dougherty at CrossCountry Mortgage
CrossCountry Mortgage specializes in a wide range of loan options, including conventional, FHA, VA, and jumbo loans, tailored to fit various homebuying needs. The team is known for clear communication and accessibility throughout the process, helping borrowers feel supported from application to closing. Some clients note occasional wait times but appreciate the knowledgeable guidance.
Sefcu Mortgage Services
Known for clear communication and responsiveness, Sefcu Mortgage Services guides clients through the mortgage process with regular updates and expert advice. The team helps first-time buyers and seasoned clients alike, making complex steps easier to understand. While they don’t maintain a physical office at this location, their support remains accessible throughout.
Syracuse Hard Money
Syracuse Hard Money specializes in fast, professional hard money lending tailored to real estate investors and developers. The team handles loan approvals and funding efficiently, with customers appreciating their clear communication and responsiveness throughout the process. Some clients note a fast pace, which suits those ready to move quickly on projects.
Matt Secor at CrossCountry Mortgage
CrossCountry Mortgage is known for its wide range of mortgage solutions, including home purchase loans, refinancing, and specialized programs like FHA and first-time homebuyer assistance. The team is praised for clear communication and responsiveness, helping clients navigate a complex market with patience and efficiency.
Syracuse Mortgage Statistics
Home-purchase lending in Onondaga County and home costs in Syracuse, NY (latest HMDA and Census data)Lenders made 4,198 home-purchase loans in Onondaga County in 2025 (average about $264,000) and denied 487 — 10% of decided applications, compared with 13% across New York, according to federal mortgage data (HMDA, CFPB). In Syracuse, the median home is worth $138,400 and 60% of owners have a mortgage, paying a median $1,238 a month (Census ACS 2020–2024).
- Home-purchase loans, 2025
- 4,198▲ 6%3,957 in 2024
- Denial rate
- 10%NY 13%
- Median home value
- $138,400NY $423,800
- Monthly cost with a mortgage
- $1,238median · NY $2,555
- Refinance loans made (Onondaga County, 2025)
- 2,036 · 1,656 in 2024
- Home-improvement loans made (2025)
- 1,597
- Average home-purchase loan
- $264,000 (NY $527,000)
- Owners with a mortgage
- 60% · 24% of them spend 30%+ of income on housing
- Median household income
- $47,819 (NY $85,974)
Source: CFPB / FFIEC Home Mortgage Disclosure Act (HMDA) data, 2024–2025 loan applications in Onondaga County (originated vs denied); home values and costs: U.S. Census Bureau ACS 2020–2024. Compiled by TrustAnalytica.
| # | Business | Rating | Reviews | Starting price | Phone | Website |
|---|---|---|---|---|---|---|
| 1 | Approved Credit Services, Inc NMLS #9604 | 5.0 | 272 | — | (800) 449-4007 | Visit |
| 2 | Mariner Finance | 4.7 | 181 | — | (315) 449-1531 | Visit |
| 3 | MHD Empire Service Corp. | 4.8 | 43 | $100 | (866) 870-2612 | Visit |
| 4 | Joseph Dougherty at CrossCountry Mortgage | 5.0 | 34 | — | (315) 567-6594 | Visit |
| 5 | Sefcu Mortgage Services | 4.6 | 28 | Quoted per loan | (315) 701-1390 | Visit |
| 6 | Syracuse Hard Money | 5.0 | 15 | Quoted per loan | (315) 849-0099 | Visit |
| 7 | Matt Secor at CrossCountry Mortgage | 5.0 | 4 | — | (585) 880-0848 | Visit |
How this Syracuse 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.
New York 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 1.23% of the home's value a year, the New York 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 questionsHow does the mortgage affordability calculator work?
What is the debt-to-income ratio for mortgages?
What is the minimum down payment for a mortgage in New York?
How does PMI affect my mortgage in Syracuse?
How do interest rates affect how much house I can afford?
How do monthly debts affect my mortgage qualification?
What is the property tax rate in New York?
What's the difference between pre-approval and pre-qualification?
What does a mortgage broker do?
General information, not financial advice — consult a qualified professional.