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Review Keywords Analysis

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

How much house can you afford in Knoxville? 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 Knoxville

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

1

21st Mortgage Corporation

As the nation’s leading lender for manufactured and mobile homes for over sixteen years, 21st Mortgage Corporation offers a variety of loan programs for new, pre-owned, and refinancing needs. Customers appreciate the team’s fast response and clear communication, though some note the process can be detailed. Their services also include insurance options tailored to mobile homeowners.

View Profile
(865) 292-2120
Open 8:00 AM - 8:00 PM
620 Market St, Knoxville, TN 37902
2

First Choice Lending Services, LLC

First Choice Lending Services funds loans with its own capital, allowing faster decisions and access to over 30 loan programs tailored to various needs. Serving Tennessee, Kentucky, Georgia, and Florida since 2011, the team supports first-time buyers, investors, and refinancers with clear communication and a streamlined process, though some clients note the mortgage process itself can still feel… more...

First Choice Lending Services funds loans with its own capital, allowing faster decisions and access to over 30 loan programs tailored to various needs. Serving Tennessee, Kentucky, Georgia, and Florida since 2011, the team supports first-time buyers, investors, and refinancers with clear communication and a streamlined process, though some clients note the mortgage process itself can still feel complex.

Services & Prices
Mortgage Pre-Approval Quoted per loan
Rate Comparison Quoted per loan
Loan Repayment Planning Quoted per loan
View Profile
(855) 392-4141
Open 8:00 AM - 7:00 PM
9821 Cogdill Rd #2, Knoxville, TN 37932
General Services
Loan Services
3

Adrian Hall Mortgage Team @ Rate, Inc.

Known for their knowledgeable and personable approach, the Adrian Hall Mortgage Team at Rate, Inc. specializes in helping clients navigate home financing with clear guidance. The team offers loan services focused on making homeownership achievable, and customers appreciate their attention to detail and willingness to go the extra mile. Some find the process thorough, which can take extra time.

Services & Prices
Home Loans Quoted per loan
Refinancing Quoted per loan
VA Loans Quoted per loan
View Profile
(865) 356-2869
Closed Now
813 S Northshore Dr #102, Knoxville, TN 37919
General Services
Mortgage Services
4

Elite Service Mortgage

Elite Service Mortgage specializes in helping first-time homebuyers, particularly those using VA loans, navigate the mortgage process with clear communication and personal attention. The team offers mortgage guidance that many clients find thorough and patient, though some note the process can still feel detailed. Customers appreciate the approachable, responsive service throughout.

Services & Prices
Refinancing Loans Quoted per loan
View Profile
(865) 963-0406
Closed Now
9050 Executive Park Dr NW Ste A106, Knoxville, TN 37923
General Services
Mortgage Services
5

Foundation Mortgage

Foundation Mortgage focuses on guiding first-time and repeat homebuyers through the mortgage process with clear communication and steady support. Their team handles loan applications and closings with professionalism and responsiveness, helping clients feel informed and at ease. Some clients note the process can be detailed, but the team’s explanations are consistently appreciated.

Services & Prices
Home Purchase Loans Quoted per loan
Refinancing Loans Quoted per loan
First-Time Homebuyer Assistance Quoted per loan
View Profile
(865) 392-5450
Closed Now
2160 Lakeside Centre Wy #100, Knoxville, TN 37922
General Services
Mortgage Services
Where they are 10 on the map Click a pin for the profile and directions
6

Brian Kimball at Waterstone Mortgage

Waterstone Mortgage focuses on guiding first-time homebuyers through a clear and organized loan process. The team offers personalized support and explains multiple loan options to fit individual needs, maintaining strong communication from start to finish. Customers appreciate the stress-free experience and the extra effort made to meet deadlines.

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(865) 343-3994
Closed Now
200 Prosperity Dr, Knoxville, TN 37923
7

Fountain City Finance

A BBB Accredited Business since 1991, Fountain City Finance offers a broad range of mortgage and refinancing options, including VA, FHA, and reverse loans, tailored to East Tennessee residents. Clients appreciate the team’s clear communication and steady support throughout the process, often noting their responsiveness and helpful guidance.

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(865) 687-8200
Closed Now
5319 N Broadway St, Knoxville, TN 37918
8

Mortgage Investors Group

Mortgage Investors Group specializes in guiding first-time homebuyers through the mortgage process with clear communication and patient support. The team offers personalized lending services and stays accessible to answer questions at every step. Customers appreciate the smooth, efficient experience, though some note the process can feel emotional given its importance.

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(865) 691-8910
Closed Now
1225 Weisgarber Rd #260, Knoxville, TN 37909
9

Neal Bailes Knoxville TN Mortgage Lender

With nearly 30 years of lending experience, Neal Bailes and his team at Real Estate Finance Group focus on transparent mortgage solutions without hidden fees. They offer a range of loan options, including Conventional, VA, FHA, and Jumbo loans, and are known for clear communication and steady guidance throughout the home-buying process. Customers appreciate their responsiveness and hands-on… more...

With nearly 30 years of lending experience, Neal Bailes and his team at Real Estate Finance Group focus on transparent mortgage solutions without hidden fees. They offer a range of loan options, including Conventional, VA, FHA, and Jumbo loans, and are known for clear communication and steady guidance throughout the home-buying process. Customers appreciate their responsiveness and hands-on approach.

Services & Prices
Conventional Loans Quoted per loan
FHA Loans Quoted per loan
VA Loans Quoted per loan
View Profile
(865) 584-1584
Closed Now
4707 Papermill Dr NW #102, Knoxville, TN 37909
General Services
Mortgage Lending
10

Keystone Mortgage Group

Known for its relationship-driven approach, Keystone Mortgage Group simplifies home loans and refinancing across Tennessee and Florida. The team assists with purchases and refinancing for primary, second, and investment properties, guiding clients through every step. Customers appreciate their responsiveness and clear communication throughout the process.

Services & Prices
Purchase Mortgages Quoted per loan
Refinancing Quoted per loan
Pre-Approval Quoted per loan
View Profile
(865) 909-0211
Closed Now
1508 Coleman Rd Ste 103, Knoxville, TN 37909
General Services
Mortgage Services

Knoxville Mortgage Statistics

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

Lenders made 6,900 home-purchase loans in Knox County in 2025 (average about $394,000) and denied 1,020 — 13% of decided applications, compared with 15% across Tennessee, according to federal mortgage data (HMDA, CFPB). In Knoxville, the median home is worth $239,700 and 61% of owners have a mortgage, paying a median $1,374 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
6,900▲ 3%6,720 in 2024
Denial rate
13%TN 15%
Median home value
$239,700TN $286,700
Monthly cost with a mortgage
$1,374median · TN $1,566
Refinance loans made (Knox County, 2025)
4,023 · 3,236 in 2024
Home-improvement loans made (2025)
1,402
Average home-purchase loan
$394,000 (TN $375,000)
Owners with a mortgage
61% · 27% of them spend 30%+ of income on housing
Median household income
$54,039 (TN $69,595)

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

Knoxville Mortgage Brokers stats: 10 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 21st Mortgage Corporation 4.7 18351 — (865) 292-2120 Visit
2 First Choice Lending Services, LLC 5.0 1026 Quoted per loan (855) 392-4141 Visit
3 Adrian Hall Mortgage Team @ Rate, Inc. 5.0 525 Quoted per loan (865) 356-2869 Visit
4 Elite Service Mortgage 5.0 389 Quoted per loan (865) 963-0406 Visit
5 Foundation Mortgage 4.9 254 Quoted per loan (865) 392-5450 Visit
6 Brian Kimball at Waterstone Mortgage 5.0 227 — (865) 343-3994 Visit
7 Fountain City Finance 4.8 234 — (865) 687-8200 Visit
8 Mortgage Investors Group 4.9 228 — (865) 691-8910 Visit
9 Neal Bailes Knoxville TN Mortgage Lender 5.0 113 Quoted per loan (865) 584-1584 Visit
10 Keystone Mortgage Group 4.9 103 Quoted per loan (865) 909-0211 Visit

How this Knoxville 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

8 questions
How does the mortgage affordability calculator work?
The calculator estimates how much house you can afford using your income, debts, down payment, and interest rate. It considers housing costs capped at 31% of income and total debt at 43%.
What is the minimum down payment for a home in Tennessee?
Minimum down payment is 3% for conventional first-time buyer loans, 3.5% for FHA loans. VA and USDA loans may allow 0% for eligible buyers.
How does debt affect my mortgage affordability?
Lenders consider total debt payments, including housing, capped at 43% of your gross monthly income. High debt can reduce the mortgage amount you qualify for.
How does the interest rate impact how much house I can afford?
Higher interest rates increase monthly payments, reducing the home price you can afford. Rates start at 7.40% in this calculator and change weekly.
What is PMI and when is it required?
Private mortgage insurance (PMI) is required for conventional loans with under 20% down payment. It costs about 0.6% of the loan annually and can be removed when the loan balance is below 80% of the home's value.
What are property taxes like in Tennessee?
Tennessee property tax is about 0.46% 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, credit, and down payment, providing a confirmed loan amount. Pre-qualification is a preliminary estimate without verification.
What role does a mortgage broker play in Knoxville?
A mortgage broker helps you find loan options and guides you through the mortgage process, but does not lend money directly.

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