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Review Keywords Analysis

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

Mortgage Affordability Calculator Toledo, OH

How much house can you afford in Toledo? 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 Toledo

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

1

Mariner Finance

Known for working closely with clients facing tight financial situations, Mariner Finance offers mortgage brokering with a focus on personalized support. The team provides clear explanations and a friendly approach, helping customers feel comfortable throughout the process. Some clients note the experience can be quick and straightforward.

Services & Prices
Financial Literacy Quoted per loan
Debt Management Strategies Quoted per loan
Budgeting Techniques Quoted per loan
View Profile
(567) 316-6088
Closed Now
4038 Talmadge Rd #102, Toledo, OH 43623
General Services
Workshops
2

GVC Mortgage, NMLS# 2334

GVC Mortgage, NMLS# 2334, is known for its approachable team that guides first-time homebuyers with patience and clear communication. They offer mortgage brokerage services focused on making the loan process smooth and understandable. While customers appreciate their kindness and availability, some note occasional delays due to internal coordination challenges.

View Profile
(567) 298-4670
Closed Now
3306 Executive Pkwy Ste 201, Toledo, OH 43606
3

Ron Erdmann- Guaranteed Rate

Known for quick pre-approvals and a range of specialized mortgage programs, Ron Erdmann- Guaranteed Rate focuses on making home financing straightforward and accessible. The team assists with purchases, refinancing, VA loans, and options for self-employed clients, often praised for clear communication and helpful digital tools. Some customers note the process can be busy during peak times.

View Profile
(419) 392-2410
Closed Now
3230 Central Park West #100, Toledo, OH 43617
4

Charles Scheib Mortgage Lending

Known for working directly with borrowers rather than through brokers, Charles Scheib Mortgage Lending offers a wide range of loan programs including Conventional, FHA, VA, USDA, and specialized loans for professionals and investors. Clients appreciate the team’s responsiveness and clear guidance throughout the mortgage process.

View Profile
(419) 750-0000
Closed Now
5450 Monroe St #1, Toledo, OH 43623
5

United Alliance Mortgage, LLC

Known for clear communication and steady guidance, United Alliance Mortgage, LLC helps clients navigate home financing with regular updates and timely closings. The team assists with rate buy-downs and supports buyers through each step, making the process straightforward and manageable. Some clients note the experience is very personal and attentive.

View Profile
(614) 967-9895
Closed Now
6800 Central Ave B, Toledo, OH 43617
Where they are 10 on the map Click a pin for the profile and directions
6

Tina Melody Mahn at CrossCountry Mortgage

CrossCountry Mortgage focuses on guiding first-time homebuyers through the mortgage process with clear explanations and attentive communication. The team offers personalized mortgage solutions and stays responsive to questions via phone and text. Customers appreciate the supportive, step-by-step approach, though the process can sometimes take time.

View Profile
(216) 290-3727
Closed Now
3131 Executive Pkwy #103, Toledo, OH 43606
7

Midwest Mortgage Investments Ltd

Midwest Mortgage Investments Ltd focuses on making the loan process straightforward and responsive, with loan officers often available beyond regular hours. They offer a wide range of mortgage options, including purchase, renovation, and reverse mortgages, along with helpful tools to guide clients. While many appreciate their support and accessibility, some note occasional communication… more...

Midwest Mortgage Investments Ltd focuses on making the loan process straightforward and responsive, with loan officers often available beyond regular hours. They offer a wide range of mortgage options, including purchase, renovation, and reverse mortgages, along with helpful tools to guide clients. While many appreciate their support and accessibility, some note occasional communication challenges and delays.

View Profile
(888) 283-5626
Closed Now
5450 Monroe St #1, Toledo, OH 43623
8

Guaranteed Rate

Guaranteed Rate offers quick 5-minute pre-approvals and specialized loan programs tailored to various borrower needs, including self-employed individuals, medical professionals, and veterans. Their services cover home purchases, refinancing, HELOCs, and reverse mortgages, with options like rate locking and same-day approvals. Customers appreciate the knowledgeable team and smooth, supportive… more...

Guaranteed Rate offers quick 5-minute pre-approvals and specialized loan programs tailored to various borrower needs, including self-employed individuals, medical professionals, and veterans. Their services cover home purchases, refinancing, HELOCs, and reverse mortgages, with options like rate locking and same-day approvals. Customers appreciate the knowledgeable team and smooth, supportive process.

Services & Prices
Home Purchase Loans Quoted per loan
Refinancing Quoted per loan
View Profile
(419) 392-2410
Closed Now
3230 Central Park West #100, Toledo, OH 43617
General Services
Mortgage Services
9

First Source Mortgage

About 1st Source1st Source Bank is a financial institution that offers a comprehensive range of banking and financial services to individuals and businesses. With a commitment to serving its communities, the bank provides personal banking solutions including checking, savings, credit cards, and various loan options such as personal, auto, and home loans. For businesses, 1st Source Bank offers… more...

About 1st Source1st Source Bank is a financial institution that offers a comprehensive range of banking and financial services to individuals and businesses. With a commitment to serving its communities, the bank provides personal banking solutions including checking, savings, credit cards, and various loan options such as personal, auto, and home loans. For businesses, 1st Source Bank offers commercial banking services, including business checking and savings accounts, credit cards, loans, leasing, treasury services, and retirement plan services. The bank emphasizes its role in helping customers achieve their financial goals, whether it's buying a home, growing a business, or planning for the future. They pride themselves on building strong relationships and offering personalized financial guidance.Credibility and Trust1st Source Bank has established a strong reputation built on trust and reliability. While specific certifications and awards are not detailed on this page, the bank highlights its long-standing presence and commitment to customer satisfaction through testimonials from satisfied clients. They emphasize their expertise in various financial areas, including mortgages, business lending, and wealth management. The bank's dedication to community involvement and providing sound financial advice further reinforces its credibility. Customers can rely on 1st Source Bank for experienced guidance and a secure financial partnership.Offerings1st Source Bank provides a wide array of financial products and services designed to meet diverse customer needs. For personal banking, they offer checking and savings accounts, credit cards, and a variety of borrowing options including personal loans, auto loans, and home loans/mortgages. Their mortgage services cover home buying, refinancing, and home equity loans or lines of credit. Business clients can access commercial banking services, business loans, leasing, treasury services, retirement plan services, and merchant card services. The bank also offers wealth management and insurance services for both personal and business clients, aiming to provide holistic financial solutions across different life stages and business cycles.Unique Advantages1st Source Bank distinguishes itself through its strong community focus and personalized approach to financial services. They offer specialized services like succession planning for businesses and a unique chatbot named Uno to assist with home loan inquiries. The bank emphasizes building lasting relationships, as evidenced by repeat customers financing multiple assets with them. Their commitment extends to providing financial education and resources, empowering customers to make informed decisions. The testimonials consistently highlight the ease of process and the helpfulness of their team, underscoring a dedication to customer support.

View Profile
(419) 242-9830
Closed Now
142 23rd St Unit 312, Toledo, OH 43604
10

WCT45, INC

View Profile
(419) 370-2354
Open 00:00 - 23:59
3306 Executive Pkwy, Toledo, OH 43606

Toledo Mortgage Statistics

Home-purchase lending in Lucas County and home costs in Toledo, OH (latest HMDA and Census data)

Lenders made 4,473 home-purchase loans in Lucas County in 2025 (average about $217,000) and denied 514 — 10% of decided applications, compared with 11% across Ohio, according to federal mortgage data (HMDA, CFPB). In Toledo, the median home is worth $114,500 and 55% of owners have a mortgage, paying a median $1,156 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
4,473▲ 8%4,155 in 2024
Denial rate
10%OH 11%
Median home value
$114,500OH $214,800
Monthly cost with a mortgage
$1,156median · OH $1,517
Refinance loans made (Lucas County, 2025)
2,369 · 1,757 in 2024
Home-improvement loans made (2025)
1,074
Average home-purchase loan
$217,000 (OH $282,000)
Owners with a mortgage
55% · 25% of them spend 30%+ of income on housing
Median household income
$49,724 (OH $71,389)

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

Toledo Mortgage Brokers stats: 10 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 Mariner Finance 4.9 267 Quoted per loan (567) 316-6088 Visit
2 GVC Mortgage, NMLS# 2334 5.0 193 — (567) 298-4670 Visit
3 Ron Erdmann- Guaranteed Rate 5.0 60 — (419) 392-2410 Visit
4 Charles Scheib Mortgage Lending 4.9 53 — (419) 750-0000 Visit
5 United Alliance Mortgage, LLC 5.0 41 — (614) 967-9895 Visit
6 Tina Melody Mahn at CrossCountry Mortgage 5.0 38 — (216) 290-3727 Visit
7 Midwest Mortgage Investments Ltd 4.3 42 — (888) 283-5626 Visit
8 Guaranteed Rate 5.0 17 Quoted per loan (419) 392-2410 Visit
9 First Source Mortgage 5.0 2 — (419) 242-9830 Visit
10 WCT45, INC 5.0 1 — (419) 370-2354 —

How this Toledo 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.

Ohio 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 1.28% of the home's value a year, the Ohio 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 highest home price you can qualify for based on income, debts, down payment, interest rate, and more. It's a starting point before pre-approval.
How accurate is the mortgage affordability estimate?
The estimate is a guideline. Actual affordability depends on lender verification of income, debts, credit, and down payment during pre-approval.
What is the debt-to-income ratio for mortgages in Ohio?
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's the minimum down payment for a home in Toledo?
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 do interest rates affect mortgage affordability?
Higher interest rates increase monthly payments, reducing the home price you can afford. Rates change weekly, affecting affordability.
How do debts impact the mortgage amount I can borrow?
Higher monthly debts reduce the mortgage amount you can qualify for, as lenders consider total debt payments in your affordability.
What are property taxes like in Ohio?
Property tax in Ohio averages about 1.28% of the home's value annually. This affects your total monthly housing cost.
What's the difference between pre-approval and pre-qualification?
Pre-approval involves lender verification of financial details, while pre-qualification is an initial estimate without verification.
Why might I need private mortgage insurance (PMI)?
If your down payment is under 20% on a conventional loan, PMI is required. It can be removed once the loan balance is below 80% of the home's value.

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