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Review Keywords Analysis

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

Mortgage Affordability Calculator Mckinney, TX

How much house can you afford in Mckinney? 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 Mckinney

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

1

CORE Mortgage

CORE Mortgage offers a wide range of over 35 loan programs, handling all processing and underwriting in-house to keep communication direct and streamlined. They provide conventional, jumbo, FHA, VA, and specialized loans, aiming to simplify the mortgage process. While many clients appreciate their personalized approach, some have found the experience disorganized and communication lacking.

View Profile
(469) 450-8617
Closed Now
1402 S Custer Rd #204, McKinney, TX 75072
2

Lendid Home Loans

Lendid Home Loans focuses on guiding clients through the home loan process with clear communication and personalized support. The team offers mortgage brokerage services and is noted for being responsive and knowledgeable, often meeting clients in person to ensure a smooth experience. Some customers find the process thorough, which can feel detailed but helpful.

Services & Prices
Purchase Mortgages Quoted per loan
Refinancing Quoted per loan
Pre-Approval Quoted per loan
View Profile
(972) 848-5929
Closed Now
5900 S Lake Forest Dr Ste 300, McKinney, TX 75070
General Services
Mortgage Services
3

Fairway Home Mortgage | The Eric White Team

Fairway Home Mortgage | The Eric White Team focuses on helping clients navigate the home loan process with clear communication and efficiency. The team offers mortgage brokerage services and works to simplify what can often feel complex. Customers appreciate their caring approach, though some note the pace may vary depending on individual circumstances.

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(469) 630-8520
Closed Now
2111 Eldorado Pkwy #102, McKinney, TX 75070
4

Tom Sherman - Benchmark Mortgage

Licensed in 14 states, Tom Sherman at Benchmark Mortgage focuses on guiding clients through every step of the mortgage process with clear communication and personalized support. The team offers a variety of loan options for first-time buyers, refinancing, and more, using custom tools to keep the process transparent. Customers appreciate their responsiveness and thoroughness, though some note the… more...

Licensed in 14 states, Tom Sherman at Benchmark Mortgage focuses on guiding clients through every step of the mortgage process with clear communication and personalized support. The team offers a variety of loan options for first-time buyers, refinancing, and more, using custom tools to keep the process transparent. Customers appreciate their responsiveness and thoroughness, though some note the process can require patience as details are managed carefully.

Services & Prices
Loan Closing Assistance Quoted per loan
View Profile
(972) 218-0903
Closed Now
1402 S Custer Rd #901, McKinney, TX 75070
General Services
Home Financing
5

AWay Home Loans, LLC NMLS# 1944472

With over 20 years of experience, AWay Home Loans specializes in a variety of mortgage options including FHA, VA, Conventional, Non-QM, and Jumbo loans. The team guides clients through home purchases and refinancing with clear communication and personalized support. Customers appreciate their responsiveness and straightforward approach, though some note the process can still require patience.

Services & Prices
First Time Home Buyer Assistance Quoted per loan
FHA Loan Assistance Quoted per loan
Rate-and-Term Refinance Quoted per loan
Cash-Out Refinance Quoted per loan
View Profile
(469) 606-3363
Closed Now
7300 State Hwy 121 Ste 300, McKinney, TX 75070
General Services
Home Loan Services
Where they are 10 on the map Click a pin for the profile and directions
6

Hawkins Mortgage Group

Known for clear communication and responsive service, Hawkins Mortgage Group helps clients navigate home loans with ease. The team offers personalized mortgage options, often praised for straightforward guidance and competitive rates. Some customers note the process moves quickly, making it a smooth experience for first-time buyers.

View Profile
(972) 369-6913
Closed Now
6401 S Custer Rd, McKinney, TX 75070
7

Will Austin - Benchmark Mortgage

Will Austin - Benchmark Mortgage focuses on transparent communication and personalized mortgage guidance throughout the home buying process. The team offers support with loan options, market updates, and rate explanations, helping clients feel informed and confident. Customers appreciate their responsiveness and the ease they bring to what can be a stressful experience.

Services & Prices
Homebuying Resource Access Quoted per loan
View Profile
(972) 951-9794
Open 00:00 - 23:59
1402 S Custer Rd #901, McKinney, TX 75072
General Services
Post-Purchase Support
8

LendNext Mortgage Corporation

LendNext Mortgage Corporation specializes in a broad range of loan programs, including options for foreign nationals and non-QM loans. The team supports both purchase and refinance needs, guiding clients through the mortgage process with clear communication and timely responses. Some clients note the process is smooth, though experiences may vary.

Services & Prices
Home Loan Quoted per loan
Refinancing Loan Quoted per loan
Personal Loan Quoted per loan
Consolidation Loan Quoted per loan
View Profile
(214) 807-6665
Closed Now
6800 Weiskopf Ave suite 150, McKinney, TX 75070
General Services
Mortgage Services
9

ALCOVA Mortgage | McKinney, TX

ALCOVA Mortgage is a BBB Accredited Business known for its transparent and client-focused approach to home financing. The team offers a range of loan options, including conventional, FHA, VA, and USDA loans, guiding clients through each step with clear communication. Customers appreciate the knowledgeable loan officers who make the mortgage process smoother and less stressful.

View Profile
(214) 334-0674
Closed Now
3120 Hudson Crossing Ste D2, McKinney, TX 75070
10

Keystone Mortgage

Keystone Mortgage focuses on personalized service to help clients find mortgage solutions that fit their unique financial situations. They assist with home purchases, refinancing, and home equity loans, guiding borrowers through each step with clear communication and timely support. Customers appreciate their responsiveness and ability to handle complex deals efficiently.

Services & Prices
Mortgage Financing Quoted per loan
Mortgage Refinancing Quoted per loan
Prequalification Assistance Quoted per loan
View Profile
(972) 964-6450
Closed Now
2530 Eldorado Pkwy #205H, McKinney, TX 75070
General Services
Mortgage Services

Mckinney Mortgage Statistics

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

Lenders made 19,913 home-purchase loans in Collin County in 2025 (average about $458,000) and denied 2,341 — 11% of decided applications, compared with 19% across Texas, according to federal mortgage data (HMDA, CFPB). In Mckinney, the median home is worth $471,800 and 74% of owners have a mortgage, paying a median $2,763 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
19,913▼ 5%20,927 in 2024
Denial rate
11%TX 19%
Median home value
$471,800TX $283,800
Monthly cost with a mortgage
$2,763median · TX $2,106
Refinance loans made (Collin County, 2025)
8,903 · 5,394 in 2024
Home-improvement loans made (2025)
1,025
Average home-purchase loan
$458,000 (TX $364,000)
Owners with a mortgage
74% · 24% of them spend 30%+ of income on housing
Median household income
$124,215 (TX $78,476)

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

Mckinney Mortgage Brokers stats: 10 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 CORE Mortgage 4.8 230 — (469) 450-8617 Visit
2 Lendid Home Loans 5.0 209 Quoted per loan (972) 848-5929 Visit
3 Fairway Home Mortgage | The Eric White Team 4.9 150 — (469) 630-8520 Visit
4 Tom Sherman - Benchmark Mortgage 5.0 83 Quoted per loan (972) 218-0903 Visit
5 AWay Home Loans, LLC NMLS# 1944472 5.0 66 Quoted per loan (469) 606-3363 Visit
6 Hawkins Mortgage Group 5.0 53 — (972) 369-6913 —
7 Will Austin - Benchmark Mortgage 5.0 52 Quoted per loan (972) 951-9794 Visit
8 LendNext Mortgage Corporation 5.0 22 Quoted per loan (214) 807-6665 Visit
9 ALCOVA Mortgage | McKinney, TX 4.9 10 — (214) 334-0674 Visit
10 Keystone Mortgage 5.0 8 Quoted per loan (972) 964-6450 Visit

How this Mckinney 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

10 questions
How does the mortgage affordability calculator work?
It estimates the highest home price you can qualify for using income, debts, down payment, interest rate, PMI, and property tax. It's a general guide, not a guarantee.
What is the debt-to-income ratio for mortgages in Texas?
Lenders often cap housing costs at 31% of gross monthly income and total debt payments at 43%. Some loans allow higher ratios with strong credit.
How much house can I afford on a 100k salary in Mckinney?
The calculator uses your income, debts, and down payment to estimate affordability. For a precise number, consider getting pre-approved by a lender.
What is the minimum down payment for a first-time buyer in Texas?
First-time buyers need at least 3% down for conventional loans and 3.5% for FHA loans. VA and USDA loans may allow 0% down for eligible buyers.
How does PMI affect my mortgage in Mckinney?
With less than 20% down, conventional loans add PMI, about 0.6% of the loan annually. PMI can usually be removed once the balance is below 80% of the home's value.
How do interest rates impact how much I can borrow?
Higher interest rates increase monthly payments, reducing the maximum home price you can afford. Rates change weekly, affecting affordability.
How do debts affect my mortgage qualification in Texas?
Higher monthly debt payments reduce the amount you can borrow, as lenders cap total debt payments at 43% of gross monthly income.
What is the property tax rate in Texas for homeowners?
The property tax rate is about 1.25% of the home's value annually, based on the 2024 average for owner-occupied homes in Texas.
What's the difference between pre-approval and pre-qualification?
Pre-approval involves lender-verified income, debts, and credit, providing a more accurate borrowing limit. Pre-qualification is a preliminary estimate.
What does a mortgage broker do in Mckinney?
A mortgage broker helps you find loan options by connecting you with lenders. They guide you through the application process but don't lend money themselves.

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