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

How much house can you afford in Murfreesboro? 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 Murfreesboro

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

1

First Community Mortgage - Murfreesboro, TN

First Community Mortgage offers a broad range of home loan programs, including options for ITIN borrowers, designed to support diverse financial needs. Their team provides clear guidance and helpful resources throughout the buying or refinancing process, with clients appreciating their responsiveness and personalized attention. Some find the workload on individual agents can be heavy, though… more...

First Community Mortgage offers a broad range of home loan programs, including options for ITIN borrowers, designed to support diverse financial needs. Their team provides clear guidance and helpful resources throughout the buying or refinancing process, with clients appreciating their responsiveness and personalized attention. Some find the workload on individual agents can be heavy, though communication remains strong.

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(615) 896-4141
Open 8:00 AM - 5:00 PM
262 Robert Rose Dr, Murfreesboro, TN 37129
2

FirstBank Mortgage

Known for its strong local presence and personalized service, FirstBank Mortgage offers a variety of loan programs including purchase loans, refinancing, and first-time homebuyer assistance. Clients appreciate the team’s clear communication and helpful guidance throughout the mortgage process, though some note that branch hours start later in the morning.

Services & Prices
Mortgage Application Quoted per loan
Interest Rate Lock Quoted per loan
View Profile
(800) 200-6462
Open 8:30 AM - 5:00 PM
615 Memorial Blvd, Murfreesboro, TN 37129
General Services
Loan Services
3

iServe Residential Lending, LLC

iServe Residential Lending, LLC is known for its transparent approach and willingness to guide first-time homebuyers through the mortgage process with patience and clear communication. The team offers a range of loan options and works closely with clients to find programs suited to their unique financial situations. While many appreciate their responsiveness, a few have noted occasional issues… more...

iServe Residential Lending, LLC is known for its transparent approach and willingness to guide first-time homebuyers through the mortgage process with patience and clear communication. The team offers a range of loan options and works closely with clients to find programs suited to their unique financial situations. While many appreciate their responsiveness, a few have noted occasional issues with unwanted follow-up communications.

Services & Prices
First-Time Home Buyer Loans Quoted per loan
VA Loans Quoted per loan
Conventional Loans Quoted per loan
View Profile
(615) 869-0395
Open 8:00 AM - 5:00 PM
805 S Church St, Murfreesboro, TN 37130
General Services
Mortgage Services
4

Kelly Cearing

Known for clear communication and accommodating schedules, this mortgage broker helps clients navigate the loan process smoothly. The team offers expert guidance to secure competitive financing and keeps clients informed from application to closing. Some clients note the fast pace, with approvals often completed in about two weeks.

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(615) 812-5577
Closed Now
1574 Medical Center Pkwy Ste 101, Murfreesboro, TN 37129
5

New Haven Mortgage - Murfreesboro TN

New Haven Mortgage specializes in helping first-time homebuyers and clients with unique income situations, such as freelancers, secure financing that fits their needs. Their team guides customers through home loan applications and offers clear explanations throughout the process. Some find the pace slower than expected, but many appreciate the personalized attention and thorough support.

Services & Prices
First-Time Home Buyer Assistance Quoted per loan
Home Purchase Financing Quoted per loan
View Profile
(615) 669-5973
Open 8:00 AM - 5:00 PM
1272 Dow St B, Murfreesboro, TN 37130
General Services
Home Loan Services
Where they are 10 on the map Click a pin for the profile and directions
6

The Brandon Burks Team, FirstBank Mortgage, NMLS# 653961

Licensed under NMLS# 653961, The Brandon Burks Team at FirstBank Mortgage specializes in guiding clients through home financing with clear communication and upfront information. They assist with mortgage loans and refinancing, making documentation and processes straightforward. Customers appreciate their responsiveness and consistent updates throughout the loan experience.

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(615) 907-5535
Open 8:30 AM - 5:00 PM
615 Memorial Blvd, Murfreesboro, TN 37129
7

Home Equity Mortgage: Nancy Releford, Mortgage Broker NMLS #186749

Home Equity Mortgage holds NMLS #186749 and focuses on simplifying the mortgage process with personalized one-on-one support and fast approvals. The team assists with home purchases, refinancing, and offers tools like mortgage calculators and rate forecasts. Clients appreciate their thorough communication and honest guidance throughout each step.

Services & Prices
Refinancing Options Quoted per loan
Loan Pre-Approval Quoted per loan
First-Time Homebuyer Assistance Quoted per loan
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(615) 604-5649
Open 8:30 AM - 6:00 PM
1850 Memorial Blvd Ste 201, Murfreesboro, TN 37129
General Services
Mortgage Services
8

New American Funding - Murfreesboro, TN

New American Funding focuses on helping first-time homebuyers and those refinancing with a variety of loan options, including conventional, FHA, VA, and USDA mortgages. The team works to simplify the mortgage process through personalized guidance and transparent communication. Customers appreciate their responsiveness and competitive rates, though some may find the process detailed.

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(615) 796-7887
Open 9:00 AM - 5:00 PM
112 S Maple St Ste 202, Murfreesboro, TN 37130
9

Your Rate Broker - Jason Roe | Mortgage Broker

Your Rate Broker specializes in securing customized mortgages by accessing over 180 wholesale lenders, offering a wide range of loan options tailored to individual financial situations. The team assists with home purchases, refinancing, HELOCs, and more, with clients appreciating their clear communication and responsiveness throughout the process. Some find occasional technical glitches, but… more...

Your Rate Broker specializes in securing customized mortgages by accessing over 180 wholesale lenders, offering a wide range of loan options tailored to individual financial situations. The team assists with home purchases, refinancing, HELOCs, and more, with clients appreciating their clear communication and responsiveness throughout the process. Some find occasional technical glitches, but these are handled promptly.

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(629) 772-8887
Open 7:00 AM - 8:00 PM
2126 Tabasco Way, Murfreesboro, TN 37128
10

Amber Trobaugh at CrossCountry Mortgage

CrossCountry Mortgage is known for its personalized guidance and efficient processing that help simplify the mortgage journey. The team offers a variety of loan options, including conventional, FHA, VA, and jumbo loans, catering to first-time buyers and seasoned investors alike. Customers appreciate the clear communication and supportive service throughout the process.

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(615) 716-1891
Open 8:30 AM - 5:00 PM
128 1/2 N Church St, Murfreesboro, TN 37130

Murfreesboro Mortgage Statistics

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

Lenders made 5,018 home-purchase loans in Rutherford County in 2025 (average about $391,000) and denied 604 — 11% of decided applications, compared with 15% across Tennessee, according to federal mortgage data (HMDA, CFPB). In Murfreesboro, the median home is worth $402,100 and 72% of owners have a mortgage, paying a median $1,907 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
5,018▼ 7%5,410 in 2024
Denial rate
11%TN 15%
Median home value
$402,100TN $286,700
Monthly cost with a mortgage
$1,907median · TN $1,566
Refinance loans made (Rutherford County, 2025)
2,865 · 2,198 in 2024
Home-improvement loans made (2025)
692
Average home-purchase loan
$391,000 (TN $375,000)
Owners with a mortgage
72% · 22% of them spend 30%+ of income on housing
Median household income
$80,108 (TN $69,595)

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

How this Murfreesboro 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

9 questions
How does the mortgage affordability calculator work?
It uses your income, debts, down payment, and interest rate to estimate the highest home price you can qualify for, including PMI and property tax.
What is the debt-to-income ratio for mortgages in Tennessee?
Lenders typically cap housing costs at 31% and total debts at 43% of gross monthly income. Some loans may allow more with strong credit.
How much house can I afford on a $100k salary in Murfreesboro?
Your affordable home price depends on your debts, down payment, and interest rate. The calculator provides an estimate based on these factors.
What is the minimum down payment for a first-time buyer in Tennessee?
First-time buyers can put down as little as 3% on conventional loans or 3.5% on FHA loans. VA and USDA loans may allow 0% down.
How do interest rates affect mortgage affordability?
Higher interest rates increase monthly payments, reducing the home price you can afford. The calculator starts at a 7.40% rate.
How do existing debts impact how much mortgage I can qualify for?
Higher monthly debts reduce the mortgage amount you can qualify for, as lenders consider total debt-to-income ratios.
What is the property tax rate in Tennessee?
The average property tax rate in Tennessee is about 0.46% of the home's value annually.
What is the difference between mortgage pre-approval and pre-qualification?
Pre-approval involves verifying income, debts, and credit, while pre-qualification is an initial estimate without verification.
Do I need private mortgage insurance (PMI) in Murfreesboro?
If your down payment is under 20% on a conventional loan, PMI is required, typically 0.6% of the loan annually.

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