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

Mortgage Affordability Calculator Newport News, VA

How much house can you afford in Newport News? 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 Newport News

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

1

M&M Mortgage Team

Verified

Licensed in Virginia, Florida, and Texas, M&M Mortgage Team offers a digital-first approach to home financing that simplifies the mortgage process. They assist with home purchases and refinancing, providing clear explanations and competitive rates. Customers appreciate the team’s transparency, responsiveness, and guidance throughout each step.

Services & Prices
First-Time Home Buyer Assistance, Refinancing Options, Loan Pre-Approval)
Home Equity Line of Credit, Debt Consolidation Loans, Home Equity Fixed-Rate Loans)
View Profile
(757) 337-3287
Open 8:00 AM - 8:00 PM
742 Thimble Shoals Blvd A, Newport News, VA 23606
General Services
Mortgage Services
2
View Profile
(757) 870-5445
Open 9:00 AM - 5:00 PM
1 Old Oyster Point Rd Suite 310, Newport News, VA 23602
3

Patrick Avery | Southern Trust Mortgage

Southern Trust Mortgage is known for its personalized guidance and experienced loan officers who help clients navigate a variety of home loan options, including USDA, FHA, VA, and Conventional Loans. The team supports first-time buyers and refinancers alike, offering a smooth process with attentive communication and local market insights. Some clients note that scheduling can require flexibility… more...

Southern Trust Mortgage is known for its personalized guidance and experienced loan officers who help clients navigate a variety of home loan options, including USDA, FHA, VA, and Conventional Loans. The team supports first-time buyers and refinancers alike, offering a smooth process with attentive communication and local market insights. Some clients note that scheduling can require flexibility, but responsiveness remains a strong point.

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(757) 274-9443
Open 9:00 AM - 5:00 PM
111 Walt Whitman Ave, Newport News, VA 23606
4

Renee Bevan with TowneBank Mortgage

Known for clear communication and reliable support, TowneBank Mortgage helps clients navigate home loans with straightforward guidance and timely updates. The team offers personalized loan options and maintains close contact from application through closing. Customers appreciate the easy-to-follow process and responsiveness throughout.

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(757) 871-6262
Open 9:00 AM - 5:00 PM
1 Old Oyster Point Rd Ste 240, Newport News, VA 23602
5

Michael Hartnett NMLS # 207733 Mortgage Lender

Michael Hartnett NMLS #207733 offers clear, upfront communication throughout the mortgage process, helping clients understand each step from start to finish. The team provides patient, professional support and keeps borrowers well informed, making the experience smoother and easier for those navigating home financing.

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(757) 344-3366
Open 8:00 AM - 10:00 PM
11820 Fountain Way #502, Newport News, VA 23606
Where they are 10 on the map Click a pin for the profile and directions
6

Arbor Home Loans | Newport News

Arbor Home Loans specializes in VA Loans, providing detailed guidance and a variety of home financing options tailored to different needs. Their team offers personalized support throughout buying, refinancing, and construction loan processes. Customers appreciate their responsiveness and patience, noting the helpful, clear communication during each step.

Services & Prices
Purchase Mortgages Quoted per loan
Refinancing Quoted per loan
Pre-Approval Quoted per loan
View Profile
(757) 275-8618
Open 9:00 AM - 5:00 PM
4165 William Styron Square N, Newport News, VA 23606
General Services
Mortgage Services
7
View Profile
(757) 880-0202
Open 9:00 AM - 5:00 PM
1 Old Oyster Point Rd Suite 310, Newport News, VA 23602
8

Barry Sharif - Author, Loan Advisor, Notary

Known for his patient, clear guidance and availability even on weekends and holidays, Barry Sharif specializes in home and business loan advising with a focus on real estate investment strategies. The team offers personalized consultations, educational resources, and VA notary services, helping clients navigate financing options with transparency and care. Some clients note the process can take… more...

Known for his patient, clear guidance and availability even on weekends and holidays, Barry Sharif specializes in home and business loan advising with a focus on real estate investment strategies. The team offers personalized consultations, educational resources, and VA notary services, helping clients navigate financing options with transparency and care. Some clients note the process can take time, but appreciate the thorough support throughout.

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(631) 463-8583
Open 10:00 AM - 6:00 PM
610 Thimble Shoals Blvd, Newport News, VA 23606
9

TowneBank Mortgage

Known for responsive communication and support during tight deadlines, TowneBank Mortgage helps clients navigate mortgage loans with a personable approach. The team assists with lender switches and closing details, often praised for being available and clear throughout the process. Some customers note the experience depends on individual agents.

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(757) 534-9370
Open 9:00 AM - 5:00 PM
1 Old Oyster Point Rd Suite 310, Newport News, VA 23602
10

Homespire Mortgage Company - Jimmy Sgambelluri

About Jimmy SgambelluriWith 22 years of experience in sales and marketing, Jimmy Sgambelluri specializes in strategic positioning to drive significant business growth. He is dedicated to fostering synergy within diverse teams and enhancing customer experiences through technology, automation, and data-driven approaches. Sgambelluri thrives on innovation and continuous improvement, aiming to… more...

About Jimmy SgambelluriWith 22 years of experience in sales and marketing, Jimmy Sgambelluri specializes in strategic positioning to drive significant business growth. He is dedicated to fostering synergy within diverse teams and enhancing customer experiences through technology, automation, and data-driven approaches. Sgambelluri thrives on innovation and continuous improvement, aiming to contribute to organizational success and expansion while building strong relationships with clients and colleagues.Credentials & ExpertiseSgambelluri possesses advanced proficiency in Microsoft & Google Suites, CRM, Lead Generation, Sales Automation, and Customer Positioning. He is also proficient in Digital Marketing, SEO, AI, and Copywriting. His extensive work history includes roles such as Sr. Loan Officer at Homespire Mortgage Company, PrimeLending Mortgage Company, Fulton Bank, and Affordable Mortgage of Virginia, as well as Director of Mortgage Lending at MICG Lending Group.OfferingsSgambelluri's expertise encompasses a wide range of sales and marketing strategies, including digital marketing, lead generation, sales automation, SEO, and AI. He has a proven track record in account management, SEM strategy development, and utilizing CRM software for growth. His skills extend to business development, automation strategy implementation, brand awareness enhancement, and crafting persuasive sales copy to drive customer engagement and sales.Unique AdvantagesJimmy Sgambelluri brings 22 years of sales and marketing experience. He excels in positioning strategies for business growth and leveraging technology, automation, and data. His advanced skills in CRM, sales automation, and customer positioning set him apart.

View Profile
(757) 287-4098
Open 6:00 AM - 11:00 PM
3164 William Styron Square N, Newport News, VA 23606

Newport News Mortgage Statistics

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

Lenders made 1,943 home-purchase loans in Newport News City County in 2025 (average about $290,000) and denied 237 — 11% of decided applications, compared with 11% across Virginia, according to federal mortgage data (HMDA, CFPB). In Newport News, the median home is worth $260,600 and 71% of owners have a mortgage, paying a median $1,730 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
1,943▼ 10%2,160 in 2024
Denial rate
11%VA 11%
Median home value
$260,600VA $383,700
Monthly cost with a mortgage
$1,730median · VA $2,127
Refinance loans made (Newport News City County, 2025)
1,215 · 937 in 2024
Home-improvement loans made (2025)
368
Average home-purchase loan
$290,000 (VA $452,000)
Owners with a mortgage
71% · 27% of them spend 30%+ of income on housing
Median household income
$69,634 (VA $93,170)

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

How this Newport News 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 based on income, debts, down payment, interest rate, and buyer status. No credit check needed.
How accurate is the mortgage affordability estimate?
The calculator gives a general estimate. Pre-approval by a lender, verifying income, debts, and credit, provides the actual number.
What is the debt-to-income ratio for mortgages in Virginia?
Lenders typically cap housing costs at 31% and total debt payments at 43% of gross monthly income. Some loans allow more with strong credit.
What is the minimum down payment for a first-time buyer?
Conventional loans require at least 3% down, FHA loans 3.5%, and VA/USDA loans may allow 0% down for eligible buyers.
How do interest rates affect mortgage affordability?
Higher interest rates increase monthly payments, reducing the home price you can afford. Rates in the calculator start at 7.40%.
How do monthly debts affect how much mortgage I can qualify for?
Higher monthly debts reduce the amount you can borrow, as lenders consider total debt payments in the debt-to-income ratio.
What is the property tax rate in Virginia?
Property tax is about 0.75% of the home's value annually, based on the 2024 average for owner-occupied homes.
What's 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 connects borrowers with lenders, helping find suitable loan options. They do not lend money themselves.
How much house can I afford on a 100k salary in Newport News?
Use the calculator to estimate affordability based on your income, debts, and down payment. Exact amounts depend on your financial details.

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