×

Review Keywords Analysis

  1. United States
  2. Best Mortgage Brokers
  3. Mortgage Brokers in Texas
  4. Lubbock
  5. Mortgage Affordability Calculator
1 · Your income
2 · Down payment
3 · What you can afford
Step 1 of 3

Mortgage Affordability Calculator Lubbock, TX

How much house can you afford in Lubbock? 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 Lubbock

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

1

Revolution Mortgage

Revolution Mortgage is known for clear, responsive communication and a smooth lending experience that helps clients optimize credit scores, down payments, and incentives. The team assists with home loan processes, guiding customers patiently through each step. Some clients note the process can feel intense, but appreciate the support throughout.

View Profile
(806) 243-0777
Open 9:00 AM - 6:00 PM
8333 Upland Ave Suites 200 & 300, Lubbock, TX 79424
2

Union Home Mortgage | Caprock Home Team

Specializing in guiding clients through the mortgage process, Union Home Mortgage | Caprock Home Team helps with paperwork, financial advice, and exploring options when challenges arise. The team offers personalized support to make home buying smoother, though some may find the process detailed. Customers appreciate their clear communication and responsiveness.

View Profile
(806) 319-5382
Open 8:00 AM - 6:00 PM
3210 140th St #100, Lubbock, TX 79423
3

Hometrust Mortgage Company

Known for guiding clients through home purchases and refinancing with clear resources and personalized support, HomeTrust Mortgage Company offers various mortgage options including HELOCs. Customers appreciate the team’s accessibility and thorough assistance, though experiences may vary depending on individual loan officers.

Services & Prices
Mortgage Pre-Approval Quoted per loan
Home Purchase Loan Quoted per loan
Refinancing Quoted per loan
View Profile
(806) 786-2556
Open 8:30 AM - 5:30 PM
12203 Quaker Ave #17, Lubbock, TX 79423
General Services
Mortgage Financing
4

Leanna Harris | Mortgage Loan Officer

Known for offering 100% financing through the H.O.M.E. 100 program, this credit union provides a range of mortgage options including conventional, FHA, VA, and self-employed loans. Customers appreciate the team’s helpful, informative approach and smooth, efficient mortgage process, though some note the pace can vary.

View Profile
(806) 416-9094
Open 8:00 AM - 5:00 AM
8401 Quaker Ave, Lubbock, TX 79424
5

Cameron Lambo - CrossCountry Mortgage

CrossCountry Mortgage, affiliated with Cameron Lambo, specializes in guiding first-time and repeat homebuyers through a smooth mortgage process. The team offers preapproval, lending support, and clear communication, helping clients feel informed and confident. Some customers note the process moves quickly, with helpful explanations along the way.

Services & Prices
Preapproval Quoted per loan
Home Loan Quoted per loan
Refinancing Quoted per loan
View Profile
(806) 319-7327
Open 8:00 AM - 6:00 PM
6303 Indiana Ave Ste 103, Lubbock, TX 79413
General Services
Mortgage Services
Where they are 10 on the map Click a pin for the profile and directions
6

Freddie Marmolejo, Realty Connect Group

Realty Connect Group focuses on providing competitive mortgage rates with a streamlined loan process tailored to local borrowers. Their services include home purchase loans, refinancing, cash-out options, and quick pre-approvals, all designed to simplify financing. Customers appreciate the team’s clear communication and efficient handling of paperwork throughout the process.

Services & Prices
Home Staging $500 - $1500
Open House Services $200 - $400
Photography and Listing $300 - $600
Property Tours Quoted per loan
View Profile
(806) 319-5297
Open 00:00 - 23:59
5001 W Loop 289 Acc Rd Ste 232, Lubbock, TX 79414
General Services
Home Selling
7

Candice Gerron Team

Specializing in guiding first-time homebuyers, Candice Gerron Team focuses on making the mortgage process clear and manageable. The team helps clients get approvals and budgets in place early, which many say speeds up house hunting and closing. Customers appreciate their patience and thorough communication throughout the process.

View Profile
(806) 507-0631
Open 00:00 - 23:59
12812 Indiana Ave Ste2, Lubbock, TX 79423
8

Next Legacy Lending PLLC

Next Legacy Lending PLLC is known for its attentive and responsive mortgage loan team, often available beyond regular hours to guide clients through the homebuying process. They assist with various mortgage needs, keeping borrowers informed and accommodating individual situations. Customers appreciate their clear communication, though some note the process can require patience.

View Profile
(325) 255-3550
Open 9:00 AM - 5:00 PM
4920 S Loop 289 #204, Lubbock, TX 79414
9

Jacob Faske, Mortgage Solution Specialist, NFM Lending

Known for a personalized approach that emphasizes trust and clarity, this mortgage solution specialist helps clients navigate home financing with care and expertise. The team offers tailored mortgage options and thorough guidance from consultation through closing. Customers appreciate the patient, informative process, though some note the preparation phase can be lengthy.

Services & Prices
Financial Preparation Quoted per loan
View Profile
(806) 201-2081
Open 9:00 AM - 5:00 PM
6306 Iola Ave Ste 109, Lubbock, TX 79424
General Services
Mortgage Services
10

Ashley Laycock | Mortgage Loan Officer | Revolution Mortgage

Known for clear communication and personalized loan strategies, Revolution Mortgage guides clients through purchase, refinance, and specialty loans with a focus on faster approvals. The team supports borrowers at every step, helping to navigate competitive markets with patience and responsiveness that many clients appreciate.

Services & Prices
Conventional Loan Quoted per loan
FHA Loan Quoted per loan
VA Loan Quoted per loan
Rate-and-Term Refinance Quoted per loan
View Profile
(806) 681-7095
Open 8:00 AM - 5:00 PM
8333 Upland Ave Suites 200 & 300, Lubbock, TX 79424
General Services
Mortgage Lending

Lubbock Mortgage Statistics

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

Lenders made 4,722 home-purchase loans in Lubbock County in 2025 (average about $270,000) and denied 644 — 12% of decided applications, compared with 19% across Texas, according to federal mortgage data (HMDA, CFPB). In Lubbock, the median home is worth $212,400 and 57% of owners have a mortgage, paying a median $1,794 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
4,722▲ 3%4,571 in 2024
Denial rate
12%TX 19%
Median home value
$212,400TX $283,800
Monthly cost with a mortgage
$1,794median · TX $2,106
Refinance loans made (Lubbock County, 2025)
1,202 · 824 in 2024
Home-improvement loans made (2025)
87
Average home-purchase loan
$270,000 (TX $364,000)
Owners with a mortgage
57% · 28% of them spend 30%+ of income on housing
Median household income
$60,895 (TX $78,476)

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

How this Lubbock 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.

Texas 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 1.25% of the home's value a year, the Texas 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 for Lubbock work?
It estimates the maximum home price you can afford based on income, debts, down payment, interest rate, and property tax. It uses Texas-specific data.
What is the debt-to-income ratio for mortgages in Texas?
Lenders typically cap housing costs at 31% of gross income and total debts at 43%. Some loans may allow more with strong credit.
What is the minimum down payment for a home in Lubbock?
For first-time buyers, it's 3% on conventional loans and 3.5% on FHA loans. VA and USDA loans may allow 0% down for eligible buyers.
How does PMI affect my mortgage in Texas?
If your down payment is under 20%, PMI adds about 0.6% of the loan annually. It can often be removed once the loan balance is below 80% of the home's value.
How do interest rates affect how much house I can afford?
Higher interest rates increase monthly payments, reducing the maximum home price you can afford. Rates change weekly, affecting affordability.
How do debts impact my mortgage qualification in Lubbock?
Existing debts reduce the amount you can borrow, as lenders cap total debt payments at 43% of your gross income.
What is the property tax rate for homes in Texas?
The average property tax rate is about 1.25% of the home's value annually for owner-occupied homes in Texas.
What's the difference between pre-approval and pre-qualification?
Pre-approval involves verifying income, debts, and credit, providing a more accurate borrowing limit. Pre-qualification is an initial estimate without verification.
How can a mortgage broker assist me in Lubbock?
A mortgage broker helps find loan options, guiding you through the mortgage process. They work with multiple lenders to find suitable terms for your situation.

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