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Review Keywords Analysis

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

Mortgage Affordability Calculator Waco, TX

How much house can you afford in Waco? 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 Waco

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

1

Robbie Hetland, SWBC Mortgage

Known for personalized, fast service where clients can actually speak with a team member, SWBC Mortgage helps navigate the home buying process with clear guidance. They specialize in managing complex closings efficiently, which customers appreciate when timing is tight. The team’s friendly approach makes the experience smoother, even when challenges arise.

Services & Prices
Purchase Mortgages Quoted per loan
Refinancing Quoted per loan
Pre-Approval Quoted per loan
View Profile
(254) 855-1895
Open 9:00 AM - 5:00 PM
601 Franklin Ave #4f, Waco, TX 76701
General Services
Mortgage Services
2

The Jones Team - SWBC Mortgage

The Jones Team at SWBC Mortgage specializes in personalized mortgage solutions with fast, customized quotes and a wide range of loan options, including FHA, VA, Jumbo, and USDA programs. Clients appreciate their efficient communication and patient guidance throughout the home financing process, though some experiences may involve navigating complex paperwork.

View Profile
(254) 652-6370
Open 8:00 AM - 5:00 PM
1508 N Valley Mills Dr, Waco, TX 76710
3

Thrive Mortgage - Waco

Thrive Mortgage, now part of Lower.com, offers a fully digital mortgage experience with a focus on transparency and clear communication. Their services include home purchase loans, refinancing, and home equity options, supported by knowledgeable agents who guide clients through each step. Customers appreciate their thoroughness and responsiveness, though the fully online process may feel less… more...

Thrive Mortgage, now part of Lower.com, offers a fully digital mortgage experience with a focus on transparency and clear communication. Their services include home purchase loans, refinancing, and home equity options, supported by knowledgeable agents who guide clients through each step. Customers appreciate their thoroughness and responsiveness, though the fully online process may feel less personal to some.

Services & Prices
Loan Qualification Quoted per loan
Loan Recommendations Quoted per loan
View Profile
(877) 241-2701
Open 9:00 AM - 5:00 PM
510 Austin Ave Ste 25208, Waco, TX 76701
General Services
Mortgage Services
4

Trent Miller, SWBC Mortgage - Loan Officer

Known for clear communication and timely updates, this mortgage team helps guide buyers smoothly through the loan process. They offer attentive support from application to closing, with quick responses via phone, text, or email. Customers appreciate their transparency and thoroughness, though some note the process can still feel complex at times.

View Profile
(254) 300-7349
Closed Now
601 Franklin Ave #4f, Waco, TX 76701
5

The Koehn Mortgage Group Powered by Coast2Coast Mortgage Lending

The Koehn Mortgage Group Powered by Coast2Coast Mortgage Lending focuses on guiding clients through complex home financing, especially in challenging market conditions. Their team offers mortgage brokerage services with clear communication and responsive support. Customers appreciate the helpful, attentive approach, though experiences may vary depending on individual team members.

Services & Prices
Home Mortgage Quoted per loan
Refinancing Quoted per loan
Mortgage Pre-Approval Quoted per loan
View Profile
(254) 405-6690
Open 8:00 AM - 8:00 PM
1600 Lake Air Dr, Waco, TX 76710
General Services
Mortgage Services
Where they are 10 on the map Click a pin for the profile and directions
6

SWBC Mortgage Waco - Main

SWBC Mortgage Waco - Main focuses on helping clients find mortgage loans that fit their needs, with a team known for clear communication and responsiveness. They guide first-time and experienced homebuyers through the loan process, aiming to make it smooth and timely. Customers appreciate the attentive service and straightforward answers throughout.

Services & Prices
Home Loan Quoted per loan
Refinancing Quoted per loan
First-Time Homebuyer Assistance Quoted per loan
View Profile
(254) 741-9440
Open 8:00 AM - 5:00 PM
500 N Valley Mills Dr Suite 213, Waco, TX 76710
General Services
Mortgage Services
7

Brazos Group - Fairway Home Mortgage

Known for clear communication and strong responsiveness, Brazos Group - Fairway Home Mortgage helps clients navigate home financing with ease. Their team offers mortgage brokerage services, keeping borrowers informed and promptly addressing any issues that arise. Customers appreciate their friendly approach and reliable support throughout the loan process.

Services & Prices
First-Time Home Buyer Loans Quoted per loan
Refinancing Quoted per loan
VA Loans Quoted per loan
Deadline Management $200 - $300
View Profile
(254) 870-6705
Open 9:00 AM - 5:00 PM
217 S 4th St Suite 210, Waco, TX 76701
General Services
Mortgage Services
8

Sarah Jamar - Loan Officer

Known for guiding clients through a smooth and responsive mortgage process, this loan officer works with a team offering a wide range of loan options tailored to individual needs. Customers appreciate the clear communication and ease throughout home financing, often highlighting the helpful online tools and attentive support.

Services & Prices
Purchase Mortgages Quoted per loan
Refinancing Quoted per loan
Pre-Approval Quoted per loan
View Profile
(336) 413-6590
Open 9:00 AM - 5:00 PM
217 S 4th St Ste 210, Waco, TX 76701
General Services
Mortgage Services
9

Jonathon Roberts — Loan Officer

Specializing in helping first-time homebuyers, this loan officer and his team focus on making the mortgage process manageable and supportive. They assist with loan options and guidance throughout home financing, with customers noting the team’s helpfulness and expertise. Some find the office a bit tricky to locate initially.

View Profile
(254) 449-4338
Open 9:00 AM - 5:00 PM
217 S 4th St Ste 210, Waco, TX 76701
10

Cory Smith - First State Bank Mortgage

Known for detailed guidance and clear communication, Cory Smith at First State Bank Mortgage helps borrowers navigate home purchases, refinancing, and cash-out options with ease. Specializing in FHA loans, down payment assistance, and low down payment programs, the team is praised for responsiveness and making the mortgage process manageable.

Services & Prices
Home Purchase Loans Quoted per loan
Refinancing Quoted per loan
Cash-Out Refinancing Quoted per loan
FHA Loans Quoted per loan
View Profile
(254) 723-8341
Open 9:00 AM - 4:00 PM
719 N New Rd, Waco, TX 76710
General Services
Mortgage Services

Waco Mortgage Statistics

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

Lenders made 2,955 home-purchase loans in Mclennan County in 2025 (average about $332,000) and denied 543 — 16% of decided applications, compared with 19% across Texas, according to federal mortgage data (HMDA, CFPB). In Waco, the median home is worth $221,700 and 52% of owners have a mortgage, paying a median $1,737 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
2,955▲ 7%2,774 in 2024
Denial rate
16%TX 19%
Median home value
$221,700TX $283,800
Monthly cost with a mortgage
$1,737median · TX $2,106
Refinance loans made (Mclennan County, 2025)
1,136 · 854 in 2024
Home-improvement loans made (2025)
239
Average home-purchase loan
$332,000 (TX $364,000)
Owners with a mortgage
52% · 31% of them spend 30%+ of income on housing
Median household income
$54,365 (TX $78,476)

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

Waco Mortgage Brokers stats: 10 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 Robbie Hetland, SWBC Mortgage 5.0 98 Quoted per loan (254) 855-1895 Visit
2 The Jones Team - SWBC Mortgage 5.0 79 — (254) 652-6370 Visit
3 Thrive Mortgage - Waco 5.0 47 Quoted per loan (877) 241-2701 Visit
4 Trent Miller, SWBC Mortgage - Loan Officer 5.0 46 — (254) 300-7349 —
5 The Koehn Mortgage Group Powered by Coast2Coast Mortgage Lending 5.0 42 Quoted per loan (254) 405-6690 Visit
6 SWBC Mortgage Waco - Main 5.0 40 Quoted per loan (254) 741-9440 Visit
7 Brazos Group - Fairway Home Mortgage 5.0 36 $200 (254) 870-6705 Visit
8 Sarah Jamar - Loan Officer 5.0 22 Quoted per loan (336) 413-6590 Visit
9 Jonathon Roberts — Loan Officer 5.0 20 — (254) 449-4338 Visit
10 Cory Smith - First State Bank Mortgage 5.0 16 Quoted per loan (254) 723-8341 Visit

How this Waco 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 Waco mortgage affordability calculator estimate what I can afford?
It uses your income, debts, down payment, and interest rate to estimate the highest home price you qualify for, including monthly payments, PMI, and property tax.
What is the debt-to-income ratio for mortgages in Texas?
Lenders typically cap housing costs at 31% of gross monthly income and total debt payments at 43%.
How much is the minimum down payment for a first-time buyer in Waco?
For conventional loans, it's 3%; for FHA loans, 3.5%. VA and USDA loans can allow 0% down for eligible buyers.
How does a higher interest rate affect my mortgage affordability in Texas?
Higher rates increase monthly payments, reducing the home price you can afford. Rates start at 7.40% in this calculator.
How do debts impact my mortgage qualification in Waco?
Higher monthly debts reduce the mortgage amount you can qualify for, as lenders limit total debt payments to 43% of income.
What is the property tax rate in Texas for homebuyers?
The property tax is about 1.25% of the home's value annually, based on the 2024 average for owner-occupied homes.
What's the difference between mortgage pre-approval and pre-qualification?
Pre-approval involves verifying income, debts, and credit, confirming the amount you can borrow. Pre-qualification is an estimate without verification.
Why might I need private mortgage insurance (PMI) in Waco?
If your down payment is under 20%, PMI is required, costing roughly 0.6% of the loan annually. It can be removed once the loan balance is below 80% of the home's value.
What role does a mortgage broker play in Waco?
A mortgage broker helps find loan options and rates that suit your financial situation, but this calculator provides an initial affordability estimate.

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