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Review Keywords Analysis

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

Mortgage Affordability Calculator Salem, OR

How much house can you afford in Salem? 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 Salem

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

1

Landmark Professional Mortgage Co

Known for responsive communication and personalized support, Landmark Professional Mortgage Co helps both first-time and experienced homebuyers navigate the mortgage process. The team assists with loan options and closing details, often making what can be a stressful experience feel smoother and more manageable. Some clients note the high level of availability, including evenings and weekends.

Services & Prices
Purchase Mortgages Quoted per loan
Refinancing Quoted per loan
Pre-Approval Quoted per loan
View Profile
(503) 581-8100
Closed Now
1255 Lee St SE Ste 200, Salem, OR 97302
General Services
Mortgage Services
2

Mortgage First

Mortgage First specializes in a streamlined online mortgage application and approval process, often completing funding within 30 days. They offer a variety of loan options, including purchase and refinance loans, supported by tools like payment calculators and refinance analysis. Customers appreciate the team’s responsiveness and clear communication throughout the mortgage journey.

View Profile
(503) 588-3511
Closed Now
1761 Liberty St SE, Salem, OR 97302
3

Team Canales - Churchill Mortgage Salem

With over 30 years of mortgage lending experience, Team Canales focuses on making home buying and refinancing straightforward and stress-free. They guide clients through FHA, VA, and Conventional loan options, providing clear communication and timely answers. Customers appreciate their professionalism and responsiveness throughout the process.

Services & Prices
Home Purchase Mortgage Quoted per loan
Refinancing Quoted per loan
VA Loans Quoted per loan
View Profile
(503) 385-4040
Closed Now
1840 W Nob Hill St SE, Salem, OR 97302
General Services
Mortgage Lending
4

Guild Mortgage - Justin Morris

Known for responsive communication and clear updates throughout the mortgage process, Guild Mortgage - Justin Morris offers a range of home financing options including purchase loans and refinancing. The team supports clients with personalized guidance and tools to help navigate decisions, with many customers appreciating their availability and thoroughness.

Services & Prices
Refinancing Assistance Quoted per loan
View Profile
(503) 949-4380
Closed Now
245 Commercial St SE Ste 140 & 150, Salem, OR 97301
General Services
Lending
5

Traci Putnam (formerly Benjamin) The Putnam Group powered by CrossCountry Mortgage

The Putnam Group powered by CrossCountry Mortgage specializes in guiding clients through complex loan situations with clear communication and attentive support. The team assists with home purchases and refinancing, helping customers feel informed and confident throughout the process. Some clients note the detailed steps can feel extensive but appreciate the thorough explanations.

View Profile
(971) 599-7746
Closed Now
1665 Liberty St SE #200, Salem, OR 97302
Where they are 10 on the map Click a pin for the profile and directions
6

American Dream Home Mortgage | powered by Advantage Mortgage Inc.

Licensed across multiple states, Advantage Mortgage, Inc. offers a variety of loan programs for first-time buyers, refinancers, and those moving up or downsizing. Their team provides clear, responsive guidance throughout the mortgage process, with clients noting helpful communication and thorough answers to questions.

View Profile
(503) 266-5800
Closed Now
471 Lancaster Dr NE, Salem, OR 97301
7

Mortgage Marketplace

Mortgage Marketplace is known for clear communication and attentive support throughout the home loan process. The team helps clients navigate mortgage options with detailed explanations and quick responses, making the experience less stressful. Customers appreciate their availability and the personal care they provide from start to finish.

Services & Prices
Home Purchase Loans Quoted per loan
Refinancing Quoted per loan
First-time Homebuyer Assistance Quoted per loan
View Profile
(503) 210-1480
Closed Now
3723 Fairview Industrial Dr SE Ste 190, Salem, OR 97302
General Services
Mortgage Services
8

Sensible Mortgage, LLC

Sensible Mortgage, LLC is known for clear communication and guiding clients through every step of the lending process. The team offers mortgage brokerage services, helping buyers understand their options and stay on schedule. Customers appreciate their responsiveness and straightforward explanations, though some note the process can still have unexpected challenges.

Services & Prices
Home Purchase Loans Quoted per loan
Refinance Loans Quoted per loan
VA Loans Quoted per loan
View Profile
(503) 990-7486
Closed Now
388 State St Ste 975, Salem, OR 97301
General Services
Mortgage Services
9

Neighborhood Mortgage Group, NMLS # 2824957

Licensed under NMLS #2824957, Neighborhood Mortgage Group focuses on making home financing clear and approachable for Salem-area buyers. They offer a range of mortgage options including conventional, FHA, VA, USDA, and renovation loans, with a team known for patient guidance throughout the process. Some clients note rates may not always be the lowest, but appreciate the thorough communication and… more...

Licensed under NMLS #2824957, Neighborhood Mortgage Group focuses on making home financing clear and approachable for Salem-area buyers. They offer a range of mortgage options including conventional, FHA, VA, USDA, and renovation loans, with a team known for patient guidance throughout the process. Some clients note rates may not always be the lowest, but appreciate the thorough communication and support.

Services & Prices
Home Purchase Loan Quoted per loan
Refinance Loan Quoted per loan
View Profile
(503) 409-3933
Closed Now
695 Ben Vista Dr S, Salem, OR 97302
General Services
Mortgage Services
10

Jake Brown Mortgages

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View Profile
(503) 871-3882
Open 00:00 - 23:59
630 Mary Ave SE, Salem, OR 97302

Salem Mortgage Statistics

Home-purchase lending in Marion County and home costs in Salem, OR (latest HMDA and Census data)

Lenders made 3,212 home-purchase loans in Marion County in 2025 (average about $408,000) and denied 456 — 12% of decided applications, compared with 10% across Oregon, according to federal mortgage data (HMDA, CFPB). In Salem, the median home is worth $416,900 and 68% of owners have a mortgage, paying a median $2,057 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
3,212▲ 4%3,086 in 2024
Denial rate
12%OR 10%
Median home value
$416,900OR $477,600
Monthly cost with a mortgage
$2,057median · OR $2,157
Refinance loans made (Marion County, 2025)
1,886 · 1,275 in 2024
Home-improvement loans made (2025)
825
Average home-purchase loan
$408,000 (OR $476,000)
Owners with a mortgage
68% · 28% of them spend 30%+ of income on housing
Median household income
$75,487 (OR $83,011)

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

Salem Mortgage Brokers stats: 10 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 Landmark Professional Mortgage Co 5.0 397 Quoted per loan (503) 581-8100 Visit
2 Mortgage First 5.0 271 — (503) 588-3511 Visit
3 Team Canales - Churchill Mortgage Salem 5.0 213 Quoted per loan (503) 385-4040 Visit
4 Guild Mortgage - Justin Morris 5.0 116 Quoted per loan (503) 949-4380 Visit
5 Traci Putnam (formerly Benjamin) The Putnam Group powered by CrossCountry Mortgage 4.9 118 — (971) 599-7746 Visit
6 American Dream Home Mortgage | powered by Advantage Mortgage Inc. 5.0 111 — (503) 266-5800 Visit
7 Mortgage Marketplace 4.9 76 Quoted per loan (503) 210-1480 Visit
8 Sensible Mortgage, LLC 5.0 57 Quoted per loan (503) 990-7486 Visit
9 Neighborhood Mortgage Group, NMLS # 2824957 5.0 44 Quoted per loan (503) 409-3933 Visit
10 Jake Brown Mortgages 5.0 25 — (503) 871-3882 Visit

How this Salem 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.

Oregon 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 0.79% of the home's value a year, the Oregon 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 in Salem?
It estimates the highest home price you can qualify for based on income, debts, down payment, interest rate, and buyer status. Results are estimates.
How much house can I afford with a $100k salary in Oregon?
Lenders often cap housing costs at 31% of gross monthly income. The calculator uses this to estimate affordability, but a pre-approval is needed for exact figures.
What is the minimum down payment for a home in Salem?
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 for eligible buyers.
How do debts affect my mortgage qualification in Oregon?
Lenders typically cap total debt payments at 43% of gross monthly income. Higher debts can reduce the mortgage amount you qualify for.
What is the property tax rate in Oregon?
Oregon's average property tax rate is about 0.79% of the home's value per year, based on 2024 data for owner-occupied homes.
How do interest rates impact how much I can borrow?
Higher interest rates increase monthly payments, reducing the home price you can afford. The calculator uses a starting rate of 7.40%, but rates change weekly.
What's the difference between pre-approval and pre-qualification?
Pre-approval involves verifying income, debts, credit, and down payment, providing a more accurate borrowing limit than pre-qualification, which is an initial estimate.
Do I need private mortgage insurance in Salem?
If you put less than 20% down on a conventional loan, PMI is required. It typically costs about 0.6% of the loan annually and can be removed once equity exceeds 20%.
How is a mortgage broker helpful in Salem?
A mortgage broker helps find loan options and guides you through the mortgage process, but this calculator provides an initial affordability estimate independently.

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