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

How much house can you afford in Clarksville? 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 Clarksville

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

1

Veterans United Home Loans Clarksville

Specializing exclusively in VA home loans, Veterans United Home Loans Clarksville focuses on helping military members and Veterans navigate the homebuying process. Their services include VA purchase loans, refinancing options, and personalized support, with customers appreciating the team’s clear communication and responsiveness throughout each step. Some find the process lengthy, but the staff’s… more...

Specializing exclusively in VA home loans, Veterans United Home Loans Clarksville focuses on helping military members and Veterans navigate the homebuying process. Their services include VA purchase loans, refinancing options, and personalized support, with customers appreciating the team’s clear communication and responsiveness throughout each step. Some find the process lengthy, but the staff’s guidance helps ease the experience.

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(931) 920-2252
Closed Now
107 Center Pointe Dr, Clarksville, TN 37040
2

Castle Rock Mortgage, LLC

Approved VA lender licensed in multiple states, Castle Rock Mortgage specializes in guiding clients through home purchases, refinancing, and investment loans. Their team offers FHA, VA, conventional, jumbo, and investor loan options, with many clients appreciating their responsiveness and clear explanations, though communication can vary after closing.

Services & Prices
First Time Homebuyer Mortgage Quoted per loan
Refinancing Options Quoted per loan
Creative Financing Solutions Quoted per loan
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(931) 906-1489
Closed Now
2687 Townsend Way Ste B, Clarksville, TN 37043
General Services
Mortgage Services
3

Jerry Turner at Veterans Lending Group

Veterans Lending Group specializes in VA loans, guiding veterans and their families through the home financing process with clear communication and support. The team assists with purchasing and refinancing, often praised for responsiveness and detailed explanations, though some clients note the process can feel lengthy at times.

Services & Prices
VA Loans Quoted per loan
FHA Loans Quoted per loan
Conventional Loans Quoted per loan
Buy and Hold Loans Quoted per loan
View Profile
(931) 338-3935
Closed Now
211 S 2nd St Ste 209, Clarksville, TN 37040
General Services
Home Loans
4

Brittany Clark at Rate (NMLS #1722825)

Known for a responsive and attentive approach, the team at Rate (NMLS #1722825) helps clients navigate home loans with care and clear communication. They assist with mortgage financing and work to make the process straightforward and timely. Customers appreciate their patience and thoroughness throughout each step.

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(931) 444-0585
Closed Now
1051 TN-76 1st Floor, Clarksville, TN 37043
5

Gershman Mortgage - Clarksville, TN

Gershman Mortgage specializes in supporting clients through the mortgage process, including those away on deployment. The team offers clear communication and guidance, helping first-time homebuyers feel comfortable and informed. Customers appreciate their professionalism and willingness to work closely throughout each step.

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(931) 413-9300
Closed Now
221 S 2nd St, Clarksville, TN 37040
Where they are 10 on the map Click a pin for the profile and directions
6

1st United Mortgage - VA & FHA Loans

1st United Mortgage specializes in VA and FHA loans, focusing on making the homebuying process smooth and straightforward. Their team is known for clear communication and persistent support, helping clients navigate challenges with patience and care. Some find the process occasionally frustrating, but many appreciate the consistent updates and dedication throughout.

Services & Prices
VA Home Loans Quoted per loan
Conventional Home Loans Quoted per loan
FHA Loans Quoted per loan
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(931) 548-1985
Closed Now
120 Merchants Blvd Ste B, Clarksville, TN 37040
General Services
Home Loan Services
7

Synergy One Lending - Daniel Page - Loan Officer

Synergy One Lending offers a streamlined mortgage process through its Modern Mortgage Experience™, allowing homebuyers to apply, upload documents, and track progress easily via smartphone. The team handles a variety of loans, including HELOCs and refinancing, with quick pre-approval and funding. Customers appreciate the clear communication and responsiveness throughout the process.

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(931) 538-9957
Open 00:00 - 23:59
1860 Wilma Rudolph Blvd #110A, Clarksville, TN 37040
8

Parker Lopshire - Originating Branch Manager at Cross Country Mortgage - NMLS 1996758

CrossCountry Mortgage holds an NMLS license (1996758) and is known for handling complex loan scenarios with responsiveness and clear communication. The team offers a variety of mortgage products, including conventional, FHA, VA, and specialized programs like DSCR loans. Customers appreciate their ability to navigate tight timelines and challenging situations effectively.

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(931) 216-4811
Closed Now
318 Franklin St, Clarksville, TN 37040
9

Amber Piehl, Loan Officer, 1781424 # - American Financial Network, Inc.

American Financial Network combines advanced technology with personalized mortgage guidance to simplify the homebuying process. Their team offers a variety of loan programs, including FHA, VA, and renovation loans, with a focus on clear communication and timely closings. Customers appreciate their responsiveness and smooth, well-organized service throughout the loan process.

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(865) 233-2227
Open 8:00 AM - 8:00 PM
1800 Business Park Dr Ste 104, Clarksville, TN 37040
10

Legacy Mortgage Services

With over 26 years of experience, Legacy Mortgage Services focuses on personalized mortgage solutions for Clarksville and Fort Campbell residents, including VA, FHA, conventional, and jumbo loans. The team is known for guiding clients through complex situations with clear communication, though some find the process requires patience due to market challenges.

Services & Prices
Purchase Mortgages Quoted per loan
Refinancing Quoted per loan
Pre-Approval Quoted per loan
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(931) 551-8999
Closed Now
329 Warfield Blvd A, Clarksville, TN 37043
General Services
Mortgage Services

Clarksville Mortgage Statistics

Home-purchase lending in Montgomery County and home costs in Clarksville, TN (latest HMDA and Census data)

Lenders made 4,578 home-purchase loans in Montgomery County in 2025 (average about $327,000) and denied 407 — 8% of decided applications, compared with 15% across Tennessee, according to federal mortgage data (HMDA, CFPB). In Clarksville, the median home is worth $263,600 and 72% of owners have a mortgage, paying a median $1,541 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
4,578▲ 5%4,354 in 2024
Denial rate
8%TN 15%
Median home value
$263,600TN $286,700
Monthly cost with a mortgage
$1,541median · TN $1,566
Refinance loans made (Montgomery County, 2025)
2,679 · 2,160 in 2024
Home-improvement loans made (2025)
495
Average home-purchase loan
$327,000 (TN $375,000)
Owners with a mortgage
72% · 27% of them spend 30%+ of income on housing
Median household income
$69,303 (TN $69,595)

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

How this Clarksville 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.

Tennessee 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 0.46% of the home's value a year, the Tennessee 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

10 questions
How does the mortgage affordability calculator work?
It estimates the highest home price you can qualify for based on income, debts, down payment, and interest rate.
How accurate is the mortgage affordability estimate?
It's a general estimate. A pre-approval confirms the real number by verifying income, debts, credit, and down payment.
What is the debt-to-income ratio for mortgages?
Lenders typically cap housing costs at 31% and total debt payments at 43% of gross monthly income.
What is the minimum down payment for a mortgage in Tennessee?
Minimum down payments are 3% for conventional first-time buyer loans and 3.5% for FHA loans.
How does PMI affect my mortgage?
If you put less than 20% down, PMI is added, about 0.6% of the loan per year, until the balance falls below 80%.
How do interest rates impact mortgage affordability?
Higher interest rates increase monthly payments, reducing the home price you can afford. Rates change weekly.
How do debts affect how much mortgage I can qualify for?
Higher monthly debts reduce the amount you can borrow, as lenders cap total debt payments at 43% of income.
What is the property tax rate in Tennessee?
The property tax rate is about 0.46% of the home's value per year, based on 2024 averages.
What is the difference between pre-approval and pre-qualification?
Pre-approval verifies income, debts, and credit, offering a more accurate borrowing limit than pre-qualification.
What do mortgage brokers do?
Mortgage brokers help find loan options and guide you through the application process.

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