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Review Keywords Analysis

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

Mortgage Affordability Calculator Hampton, VA

How much house can you afford in Hampton? 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 Hampton

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

1
OneMain Financial reviews

OneMain Financial

4.3
45 reviews

OneMain Financial focuses on personalized lending that considers individual needs beyond credit scores, offering personal loans, credit cards, and mortgage payment solutions. Customers appreciate the professional and patient support from the team, though some have noted discrepancies in payoff amounts. The company provides clear terms and in-person guidance through its branch network.

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(757) 826-2296
Open 8:30 AM - 5:30 PM
3005 W Mercury Blvd, Hampton, VA 23666
Website Directions
2
OneMain Financial reviews

OneMain Financial

4.5
40 reviews

OneMain Financial specializes in providing personal and business loans with a straightforward application process. The team assists clients through each step, often making the experience smooth and clear. Some customers note the process can take time, but overall find the support helpful.

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(757) 827-6700
Open 8:30 AM - 5:30 PM
2189 Cunningham Dr, Hampton, VA 23666
Website Directions
3
Old Point Mortgage reviews

Old Point Mortgage

5
9 reviews

Old Point Mortgage offers personalized refinancing and mortgage services with a focus on clear communication and helpful support. The team works closely with clients and partner organizations to navigate the home financing process. Customers appreciate the attentive assistance, though experiences may vary depending on individual interactions.

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(757) 769-7169
Open 8:30 AM - 5:00 PM
101 E Queen St Ste 250, Hampton, VA 23669
Website Directions
4
Sherry Thacker SVP | Mortgage Loan Officer with TowneBank Mortgage reviews

Sherry Thacker SVP | Mortgage Loan Officer with TowneBank Mortgage

5
2 reviews

TowneBank Mortgage offers personalized mortgage lending with a focus on attentive service and clear communication. The team handles a range of loan options, guiding clients through the process with professionalism and care. Customers appreciate their positive approach and attention to important details throughout each transaction.

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(757) 759-5428
Open 8:00 AM - 5:00 PM
101 E Queen St, Hampton, VA 23669
Website Directions
Where they are 4 on the map Click a pin for the profile and directions

Hampton Mortgage Statistics

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

Lenders made 1,897 home-purchase loans in Hampton City County in 2025 (average about $282,000) and denied 207 — 10% of decided applications, compared with 11% across Virginia, according to federal mortgage data (HMDA, CFPB). In Hampton, the median home is worth $245,700 and 71% of owners have a mortgage, paying a median $1,704 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
1,8970%1,891 in 2024
Denial rate
10%VA 11%
Median home value
$245,700VA $383,700
Monthly cost with a mortgage
$1,704median · VA $2,127
Refinance loans made (Hampton City County, 2025)
1,232 · 955 in 2024
Home-improvement loans made (2025)
354
Average home-purchase loan
$282,000 (VA $452,000)
Owners with a mortgage
71% · 34% of them spend 30%+ of income on housing
Median household income
$69,621 (VA $93,170)

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

How this Hampton 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 highest home price you can qualify for using your income, debts, down payment, and interest rate. It includes PMI and property tax.
How accurate is the mortgage affordability calculator for Hampton?
The calculator provides an estimate. A lender's pre-approval verifies income, debts, credit, and down payment for accuracy.
What is the debt-to-income ratio limit for mortgages in Virginia?
Lenders typically cap housing costs at 31% and total debt payments at 43% of gross monthly income, following FHA and Qualified Mortgage standards.
What is the minimum down payment for a first-time buyer in Virginia?
First-time buyers can put down as little as 3% 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 Hampton?
With less than 20% down, PMI adds about 0.6% of the loan annually. It can be removed when the loan balance is under 80% of the home's value.
How do interest rates impact mortgage affordability in Virginia?
Higher interest rates increase monthly payments, reducing the home price you can afford. Rates change weekly, so check current rates for accurate estimates.
How do existing debts affect my mortgage eligibility in Hampton?
Higher monthly debts reduce the amount you can borrow, as lenders consider your total debt-to-income ratio when determining mortgage eligibility.
What are property tax rates for homes in Virginia?
Property tax in Virginia is about 0.75% of the home's value annually, based on 2024 averages for owner-occupied homes.
What's the difference between mortgage pre-approval and pre-qualification?
Pre-approval confirms your financial details with a lender, while pre-qualification is an initial estimate based on unverified information.
What role does a mortgage broker play in Hampton?
A mortgage broker helps you find and apply for home loans by comparing options from different lenders, tailored to your financial situation.

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