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Review Keywords Analysis

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

How much house can you afford in Alexandria? 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 Alexandria

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

1

FitzGerald Financial Group

Known for blending traditional hometown values with modern technology, FitzGerald Financial Group offers a personal lending experience focused on home purchase loans, refinancing, and construction mortgages. Clients appreciate the team’s clear communication and efficient processing, often noting how supported they feel throughout the mortgage journey.

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(703) 766-2319
Open 8:30 AM - 5:00 PM
526 King St Unit 415, Alexandria, VA 22314
2

Fairfax Lending, Inc.

Fairfax Lending focuses on providing personalized mortgage solutions with a strong emphasis on clear communication and client support. They assist with home purchases and refinancing, offering secure online applications and interactive tools to help clients explore financing options. Customers appreciate their organized, responsive team and the smooth, well-managed loan process.

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(888) 878-1131
Open 9:00 AM - 6:00 PM
6094 Franconia Rd, Alexandria, VA 22310
3

Atlantic Coast Mortgage - Alexandria

Known for responsive communication and expert guidance, Atlantic Coast Mortgage in Alexandria helps clients navigate home loans with ease. The team offers mortgage brokerage services, including competitive rates and support throughout the loan process. Customers appreciate their availability beyond regular hours, especially during weekends and evenings.

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(703) 766-6700
Open 9:00 AM - 5:00 PM
526 King St Suite 414, Alexandria, VA 22314
4

SpringBank Mortgage

SpringBank Mortgage is known for its fast pre-approval process, often providing certificates within an hour to help clients move quickly in competitive markets. The team offers a range of mortgage and refinance options, including FHA, VA, and jumbo loans, with a focus on clear communication and responsiveness. Customers appreciate their professionalism and thorough guidance, especially during… more...

SpringBank Mortgage is known for its fast pre-approval process, often providing certificates within an hour to help clients move quickly in competitive markets. The team offers a range of mortgage and refinance options, including FHA, VA, and jumbo loans, with a focus on clear communication and responsiveness. Customers appreciate their professionalism and thorough guidance, especially during tight timelines.

View Profile
(703) 349-3901
Open 8:00 AM - 6:00 PM
2121 Eisenhower Ave #200, Alexandria, VA 22314
5

First Heritage Mortgage, LLC - Alexandria

Known for offering a broad range of mortgage options, including specialty and investor financing, First Heritage Mortgage helps clients navigate home buying with transparency and confidence. Their team supports first-time and experienced buyers through purchase, refinance, and renovation loans. Customers appreciate their professionalism and straightforward approach throughout the process.

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(703) 972-2028
Open 9:00 AM - 6:00 PM
510 King St Unit 424, Alexandria, VA 22314
Where they are 10 on the map Click a pin for the profile and directions
6

PierPoint Mortgage Alexandria, VA

PierPoint Mortgage offers direct access to wholesale mortgage pricing, helping borrowers save on interest compared to traditional banks. The team works with a wide range of loan types, including conventional, FHA, VA, refinancing, and niche products like reverse and investor loans. Customers appreciate the smooth process and knowledgeable guidance throughout their home financing journey.

Services & Prices
Conventional Loan Quoted per loan
Refinance Mortgage Quoted per loan
Reverse Mortgage Quoted per loan
View Profile
(571) 290-2507
Open 9:00 AM - 5:00 PM
61602 Belle View Blvd #3022, Alexandria, VA 22307
General Services
Mortgage Services
7

Potomac Trust Mortgage Company, LLC

With over 20 years of experience and licenses across multiple East Coast states, Potomac Trust Mortgage Company, LLC offers a wide range of home loan options tailored to individual financial goals. The team is known for clear communication, responsiveness, and guiding clients smoothly through the mortgage process. Some customers note the fast pace can feel intense, but many appreciate the… more...

With over 20 years of experience and licenses across multiple East Coast states, Potomac Trust Mortgage Company, LLC offers a wide range of home loan options tailored to individual financial goals. The team is known for clear communication, responsiveness, and guiding clients smoothly through the mortgage process. Some customers note the fast pace can feel intense, but many appreciate the attentive support throughout.

Services & Prices
Home Purchase Loans Quoted per loan
Refinancing Quoted per loan
VA Loans Quoted per loan
View Profile
(703) 535-7862
Open 8:00 AM - 8:00 PM
201 King St #301, Alexandria, VA 22314
General Services
Mortgage Services
8

Todd Murdock HomeFirst Mortgage

With over 30 years of experience and access to more than 45 lenders, Todd Murdock HomeFirst Mortgage specializes in helping clients find mortgage solutions tailored to their unique needs. The team offers services for purchasing, refinancing, and renovating homes, guiding customers clearly through each step. Clients appreciate the proactive communication and patient explanations throughout the… more...

With over 30 years of experience and access to more than 45 lenders, Todd Murdock HomeFirst Mortgage specializes in helping clients find mortgage solutions tailored to their unique needs. The team offers services for purchasing, refinancing, and renovating homes, guiding customers clearly through each step. Clients appreciate the proactive communication and patient explanations throughout the process.

Services & Prices
Home Purchase Loans Quoted per loan
Refinancing Options Quoted per loan
Loan Pre-Approval Quoted per loan
View Profile
(703) 868-7074
Open 7:00 AM - 10:00 PM
129 S Royal St Ste 1, Alexandria, VA 22314
General Services
Mortgage Services
9

PrimeLending, A PlainsCapital Company - Alexandria

PrimeLending, A PlainsCapital Company, is known for its responsive and knowledgeable team that guides clients through mortgage and refinancing processes. They offer a range of loan services, helping customers reduce monthly payments and navigate each step with clarity. Many appreciate the helpful communication and support throughout their experience.

View Profile
(703) 971-0192
Open 8:30 AM - 5:00 PM
901 N Washington St Suite 208, Alexandria, VA 22314
10
View Profile
(703) 919-9040
Open 8:00 AM - 5:00 PM
526 King St Suite 415, Alexandria, VA 22314

Alexandria Mortgage Statistics

Home-purchase lending in Alexandria City County and home costs in Alexandria, VA (latest HMDA and Census data)

Lenders made 1,789 home-purchase loans in Alexandria City County in 2025 (average about $717,000) and denied 133 — 7% of decided applications, compared with 11% across Virginia, according to federal mortgage data (HMDA, CFPB). In Alexandria, the median home is worth $735,100 and 76% of owners have a mortgage, paying a median $3,237 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
1,789▲ 5%1,708 in 2024
Denial rate
7%VA 11%
Median home value
$735,100VA $383,700
Monthly cost with a mortgage
$3,237median · VA $2,127
Refinance loans made (Alexandria City County, 2025)
616 · 389 in 2024
Home-improvement loans made (2025)
245
Average home-purchase loan
$717,000 (VA $452,000)
Owners with a mortgage
76% · 23% of them spend 30%+ of income on housing
Median household income
$119,681 (VA $93,170)

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

Alexandria Mortgage Brokers stats: 10 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 FitzGerald Financial Group 5.0 180 — (703) 766-2319 Visit
2 Fairfax Lending, Inc. 4.9 177 — (888) 878-1131 Visit
3 Atlantic Coast Mortgage - Alexandria 5.0 56 — (703) 766-6700 Visit
4 SpringBank Mortgage 5.0 41 — (703) 349-3901 Visit
5 First Heritage Mortgage, LLC - Alexandria 5.0 35 — (703) 972-2028 Visit
6 PierPoint Mortgage Alexandria, VA 5.0 31 Quoted per loan (571) 290-2507 Visit
7 Potomac Trust Mortgage Company, LLC 4.8 25 Quoted per loan (703) 535-7862 Visit
8 Todd Murdock HomeFirst Mortgage 5.0 22 Quoted per loan (703) 868-7074 Visit
9 PrimeLending, A PlainsCapital Company - Alexandria 4.9 21 — (703) 971-0192 Visit
10 Ken Siegfried - Mortgage Loan Officer 5.0 1 — (703) 919-9040 Visit

How this Alexandria 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.

Virginia 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 0.75% of the home's value a year, the Virginia 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 maximum home price you can afford based on income, debts, down payment, interest rate, and first-time buyer status.
How accurate is the mortgage affordability estimate?
The estimate is a guideline. A pre-approval confirms the real number after verifying income, debts, credit, and down payment.
What is the debt-to-income ratio for mortgages in Virginia?
Lenders typically cap housing costs at 31% and total debt at 43% of gross monthly income, following FHA standards.
How does a higher interest rate affect affordability?
Higher interest rates increase monthly payments, reducing the maximum home price you can afford.
What is the minimum down payment for first-time buyers in Virginia?
First-time buyers need at least 3% down for conventional loans and 3.5% for FHA loans. VA loans may allow 0% down.
How does PMI affect my mortgage in Alexandria?
If your down payment is under 20%, PMI adds about 0.6% of the loan annually. It can usually be removed once you owe less than 80% of the home's value.
What are property tax rates like in Virginia?
Virginia's property tax is about 0.75% of the home's value annually, based on 2024 averages for owner-occupied homes.
How do debts impact the mortgage I can qualify for?
Higher monthly debt payments reduce the mortgage amount you can qualify for, as lenders consider total debt-to-income ratios.
What is the difference between pre-approval and pre-qualification?
Pre-approval involves lender verification of income, debts, and credit, while pre-qualification is an initial estimate without verification.
What does a mortgage broker do?
A mortgage broker helps find and negotiate loan terms with lenders, but this calculator does not require broker assistance.

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