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Review Keywords Analysis

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

How much house can you afford in Philadelphia? 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 Philadelphia

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

1

The Mike McCann Team

The Mike McCann Team works closely with homebuyers and sellers, offering support throughout the purchasing and new construction process. Their agents focus on clear communication and attention to detail, helping clients navigate each step. Some customers note occasional delays, but many appreciate the team’s responsiveness and guidance.

View Profile
(215) 607-6007
Open 00:00 - 23:59
728 S Broad St #3, Philadelphia, PA 19146
2

UMortgage

UMortgage focuses on a technology-driven approach to make the home loan process clear and straightforward. They offer a variety of mortgage options, including conventional, FHA, VA loans, and refinancing solutions. Customers appreciate the team’s knowledge, responsiveness, and support throughout what can be a complex process.

Services & Prices
Home Buying Assistance Quoted per loan
Refinancing Services Quoted per loan
VA Loan Assistance Quoted per loan
View Profile
(215) 454-6098
Open 9:00 AM - 5:00 PM
100 N 18th St Ste 1400, Philadelphia, PA 19103
General Services
Mortgage Services
3

Andrew Eckstut, Mortgage Lender NMLS #218196

Licensed Senior Loan Officer NMLS #218196, Andrew Eckstut specializes in guiding clients through home purchases, refinancing, and investment financing with clear, personalized advice. The team is known for prompt communication and a smooth closing process, helping first-time buyers and veterans navigate mortgages with confidence and minimal stress.

Services & Prices
Lender Comparison Quoted per loan
View Profile
(215) 435-5706
Open 9:00 AM - 9:00 PM
1214 N Front St, Philadelphia, PA 19122
General Services
Mortgage Services
4

Absolute Home Mortgage Corporation

With over two decades of mortgage experience, Absolute Home Mortgage Corporation focuses on providing personalized guidance through home buying and refinancing. Their team leverages deep processing and underwriting knowledge to help clients navigate each step clearly and confidently. Customers appreciate their responsiveness and thorough communication throughout the process.

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(267) 319-1923
Open 9:00 AM - 9:00 PM
930 S 11th St, Philadelphia, PA 19147
5

Innovative Mortgage Brokers

Known for clear communication and responsiveness, Innovative Mortgage Brokers specializes in guiding first-time homebuyers through the mortgage process. The team helps clients understand their options and works to find suitable loans, with customers appreciating their patience and transparency, though some note the process can be detailed and involved.

Services & Prices
Rate Comparison and Advice Quoted per loan
View Profile
(215) 309-1757
Open 00:00 - 23:59
9351 Banes St B, Philadelphia, PA 19115
General Services
Mortgage Brokerage
Where they are 10 on the map Click a pin for the profile and directions
6

i Fund Cities

i Fund Cities focuses on mortgage brokering with a team known for responsive and personable service, especially in handling hard money loans. They assist clients through refinancing and loan closings, though some find the process lengthy and communication inconsistent at times. Customers appreciate the effort and professionalism despite occasional delays.

Services & Prices
Mortgage Refinancing Quoted per loan
Hard Money Loans Quoted per loan
View Profile
(215) 770-1505
Open 9:00 AM - 6:00 PM
399 Market St Ste 475, Philadelphia, PA 19106
General Services
Mortgage Services
7

BHS Mortgages Residential & Commercial

BHS Mortgages handles the entire closing process in-house, including document preparation and rate lock-ins, offering a more streamlined mortgage experience. They provide a broad range of residential and commercial loan options, along with financial consulting, serving clients across multiple states. Customers appreciate the personalized attention but occasionally note communication can be… more...

BHS Mortgages handles the entire closing process in-house, including document preparation and rate lock-ins, offering a more streamlined mortgage experience. They provide a broad range of residential and commercial loan options, along with financial consulting, serving clients across multiple states. Customers appreciate the personalized attention but occasionally note communication can be inconsistent.

Services & Prices
Purchase Mortgage Quoted per loan
Refinance Mortgage Quoted per loan
Investment Property Mortgage Quoted per loan
View Profile
(267) 928-7319
Open 9:00 AM - 7:00 PM
2780 W Country Club Rd, Philadelphia, PA 19131
General Services
Mortgage Services
8

Natasha Larson at Prosperity Home Mortgage - Philadelphia

Prosperity Home Mortgage offers a smooth and efficient mortgage process with clear communication and attentive support. The team helps clients understand each step, staying responsive and professional throughout. Customers appreciate their diligence and the ease they bring to what can often be a stressful experience.

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(215) 790-5516
Open 9:00 AM - 5:00 PM
122 S 19th St Ste 200, Philadelphia, PA 19103
9

Foxtrot Mortgage - Philadelphia Branch

Foxtrot Mortgage offers a streamlined online platform that simplifies mortgage applications through user-friendly account management supported by the ARIVE system. The team assists with navigating loan options and pre-approval steps, with customers appreciating their responsiveness and clear communication throughout the process. Some may find the digital approach less personal compared to… more...

Foxtrot Mortgage offers a streamlined online platform that simplifies mortgage applications through user-friendly account management supported by the ARIVE system. The team assists with navigating loan options and pre-approval steps, with customers appreciating their responsiveness and clear communication throughout the process. Some may find the digital approach less personal compared to traditional brokers.

Services & Prices
Pre-Approval Assistance Quoted per loan
Rate Comparison Quoted per loan
View Profile
(610) 715-8679
Open 8:00 AM - 5:00 PM
2220 Fairmount Ave 3rd Floor, Philadelphia, PA 19130
General Services
Mortgage Services
10

Philadelphia Mortgage Brokers

Philadelphia Mortgage Brokers is recognized for clear communication and honest guidance throughout the mortgage process. The team assists with home purchase loans and refinancing, providing straightforward explanations and regular updates on available options. Customers appreciate their professionalism and helpful approach, though some note that paying points upfront may be part of securing the… more...

Philadelphia Mortgage Brokers is recognized for clear communication and honest guidance throughout the mortgage process. The team assists with home purchase loans and refinancing, providing straightforward explanations and regular updates on available options. Customers appreciate their professionalism and helpful approach, though some note that paying points upfront may be part of securing the best rates.

View Profile
(484) 416-4280
Open 9:00 AM - 5:00 PM
2001 Market St #2500, Philadelphia, PA 19103

Philadelphia Mortgage Statistics

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

Lenders made 13,143 home-purchase loans in Philadelphia County in 2025 (average about $319,000) and denied 1,654 — 11% of decided applications, compared with 11% across Pennsylvania, according to federal mortgage data (HMDA, CFPB). In Philadelphia, the median home is worth $243,100 and 59% of owners have a mortgage, paying a median $1,620 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
13,143▲ 1%12,962 in 2024
Denial rate
11%PA 11%
Median home value
$243,100PA $254,500
Monthly cost with a mortgage
$1,620median · PA $1,762
Refinance loans made (Philadelphia County, 2025)
7,399 · 5,973 in 2024
Home-improvement loans made (2025)
2,761
Average home-purchase loan
$319,000 (PA $308,000)
Owners with a mortgage
59% · 32% of them spend 30%+ of income on housing
Median household income
$61,953 (PA $77,971)

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

Philadelphia Mortgage Brokers stats: 10 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 The Mike McCann Team 4.8 557 — (215) 607-6007 Visit
2 UMortgage 4.8 310 Quoted per loan (215) 454-6098 Visit
3 Andrew Eckstut, Mortgage Lender NMLS #218196 5.0 246 Quoted per loan (215) 435-5706 Visit
4 Absolute Home Mortgage Corporation 5.0 216 — (267) 319-1923 Visit
5 Innovative Mortgage Brokers 4.9 177 Quoted per loan (215) 309-1757 Visit
6 i Fund Cities 4.7 149 Quoted per loan (215) 770-1505 Visit
7 BHS Mortgages Residential & Commercial 4.9 92 Quoted per loan (267) 928-7319 Visit
8 Natasha Larson at Prosperity Home Mortgage - Philadelphia 5.0 80 — (215) 790-5516 Visit
9 Foxtrot Mortgage - Philadelphia Branch 5.0 44 Quoted per loan (610) 715-8679 Visit
10 Philadelphia Mortgage Brokers 5.0 8 — (484) 416-4280 Visit

How this Philadelphia 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.

Pennsylvania 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 1.14% of the home's value a year, the Pennsylvania 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 afford based on income, debts, down payment, interest rate, and first-time buyer status.
How accurate is the mortgage estimate?
The calculator provides a general estimate. A pre-approval from a lender confirms the real number by verifying income, debts, and credit.
What is the debt-to-income ratio for mortgages?
Lenders typically cap housing costs at 31% of gross monthly income and total debt payments at 43%.
What is the minimum down payment for a home in Philadelphia?
Minimum down payments are 3% for conventional first-time buyer loans, 3.5% for FHA loans, and 0% for VA and USDA loans if eligible.
How does PMI affect my mortgage?
With less than 20% down, conventional loans add PMI, about 0.6% of the loan per year, removable once the balance is below 80% of the home's value.
How do interest rates impact affordability?
Higher interest rates increase monthly payments, reducing the home price you can afford. Rates start at 7.40% in this calculator.
How do my debts affect my mortgage amount?
Higher monthly debts reduce the mortgage amount you qualify for, as lenders consider total debt payments in their calculations.
What are property taxes like in Pennsylvania?
Property tax is about 1.14% of the home's value annually, based on the 2024 average for owner-occupied homes.
What's the difference between pre-approval and pre-qualification?
Pre-approval involves lender verification of income, debts, and credit, while pre-qualification is a preliminary estimate without verification.

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