How much house can you afford in Memphis? 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.
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Enter your yearly household income.
Savings and gifts from family count. Many first-time buyer loans need just 3% down; under 20% you pay mortgage insurance.
7.40% (Freddie Mac 30-year average, October 2026). Change it if you've been quoted a rate.
Enter your down payment.
| After | Paid in total | Still owed |
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The Wendy Thompson Lending Team
4.9 · 100 reviews · Free pre-approval
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Local Mortgage Inc.
4.9 · 100 reviews · Free pre-approval
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PrimeLending, A PlainsCapital Company - Memphis
4.9 · 97 reviews · Free pre-approval
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An estimate, not a mortgage approval or pre-approval. A mortgage broker confirms your real number.
Ranked by TrustAnalytica from verified reviews · see the full Top 10 list →
The Wendy Thompson Lending Team helps buyers secure home loans, even when applications have been rejected elsewhere, focusing on clear communication and avoiding surprises in payments. They assist with online applications and offer guidance throughout the process, with customers appreciating their support and responsiveness every step of the way.
Local Mortgage Inc. offers personalized mortgage services with a focus on attentive, responsive support from a family-owned team. Serving multiple states from Tennessee, they help customers secure competitive rates for purchases and refinancing. While their thorough documentation process can feel demanding, clients appreciate the clear communication and smooth closings.
With over 35 years of experience, PrimeLending, A PlainsCapital Company in Memphis specializes in guiding customers through mortgage and refinance loans, including renovation financing that combines home improvements into one payment. The team provides clear communication and prompt service, helping many first-time buyers feel confident throughout the process.
Specializing in guiding first-time homebuyers and refinancers through the mortgage process, Andrew O'Fee - The Yankee Closer offers clear communication and attentive support from application to closing. The team is known for thoroughness and responsiveness, helping clients feel informed and confident, though some may find the process detailed.
Known for fast loan closings and clear communication, New American Funding’s Memphis team helps a wide range of homebuyers navigate mortgage options. They offer loan origination and funding services, with clients appreciating the team’s responsiveness and support throughout the process, even when challenges arise.
Mortgage Financial Services focuses on helping homebuyers find the right mortgage product to fit their needs, whether they’re purchasing their first home, refinancing, or investing in a second property. The team guides clients through each step with clear communication and responsiveness, making the process straightforward and less stressful. Customers appreciate their patience and attention to… more...
Mortgage Financial Services focuses on helping homebuyers find the right mortgage product to fit their needs, whether they’re purchasing their first home, refinancing, or investing in a second property. The team guides clients through each step with clear communication and responsiveness, making the process straightforward and less stressful. Customers appreciate their patience and attention to detail throughout the loan experience.
Known for serving Tennessee and Mississippi since 1994, Eagle Mortgage & Funding offers a variety of loan options including fixed-rate, FHA, VA, USDA, and 203k loans. Clients appreciate the team’s professionalism and support throughout the home purchase process, though some note occasional delays and communication gaps during refinancing.
Known for responsive communication and a patient, knowledgeable team, Benchmark Mortgage assists with home purchases and refinancing to secure better rates or cash options. Clients appreciate their friendly approach and smooth, timely transactions, often highlighting how they simplify what can be a complex process.
Mortgage Investors Group is Tennessee Housing Development Agency’s top lender, specializing in residential single-family mortgages with a focus on first-time homebuyers. They offer conventional and government loans, supported by on-site appraisal, underwriting, and processing to streamline the lending process. Customers appreciate the team’s responsiveness, though some have noted occasional… more...
Mortgage Investors Group is Tennessee Housing Development Agency’s top lender, specializing in residential single-family mortgages with a focus on first-time homebuyers. They offer conventional and government loans, supported by on-site appraisal, underwriting, and processing to streamline the lending process. Customers appreciate the team’s responsiveness, though some have noted occasional issues with customer service and appraisal accuracy.
Hometown Lenders focuses on using advanced technology and expert guidance to simplify mortgage financing, even for challenging situations. The team offers personalized assistance throughout the loan process, helping clients navigate complexities with care. Customers appreciate their supportive approach, though some note the process can still feel detailed.
Our experience with Mortgage Investors Group was marred by several issues, leading to a negative outcome that prompted us to choose another lender. Initially, agreeing to work with them resulted in a barrage of irrelevant sales and marketing spam inundating my email account, which, despite their apo…
Lenders made 7,803 home-purchase loans in Shelby County in 2025 (average about $308,000) and denied 1,034 — 12% of decided applications, compared with 15% across Tennessee, according to federal mortgage data (HMDA, CFPB). In Memphis, the median home is worth $169,000 and 57% of owners have a mortgage, paying a median $1,420 a month (Census ACS 2020–2024).
Source: CFPB / FFIEC Home Mortgage Disclosure Act (HMDA) data, 2024–2025 loan applications in Shelby County (originated vs denied); home values and costs: U.S. Census Bureau ACS 2020–2024. Compiled by TrustAnalytica.
| # | Business | Rating | Reviews | Starting price | Phone | Website |
|---|---|---|---|---|---|---|
| 1 | The Wendy Thompson Lending Team | 4.9 | 100 | Quoted per loan | (901) 461-8858 | Visit |
| 2 | Local Mortgage Inc. | 4.9 | 100 | Quoted per loan | (901) 504-4663 | Visit |
| 3 | PrimeLending, A PlainsCapital Company - Memphis | 4.9 | 97 | Quoted per loan | (901) 416-9570 | Visit |
| 4 | Andrew O'Fee - The Yankee Closer | 4.9 | 80 | Quoted per loan | (901) 237-3526 | Visit |
| 5 | New American Funding - Memphis, TN | 5.0 | 40 | Quoted per loan | (901) 590-5817 | Visit |
| 6 | Mortgage Financial Services | 5.0 | 26 | Quoted per loan | (901) 748-5618 | Visit |
| 7 | Eagle Mortgage & Funding | 4.3 | 20 | Quoted per loan | (901) 761-9700 | Visit |
| 8 | Benchmark Mortgage | 5.0 | 15 | Quoted per loan | (901) 490-1570 | Visit |
| 9 | Mortgage Investors Group - Memphis | 4.4 | 13 | Quoted per loan | (901) 761-6910 | Visit |
| 10 | Hometown Lenders | 5.0 | 5 | — | (901) 413-4444 | Visit |
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.
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.
General information, not financial advice — consult a qualified professional.