How much house can you afford in Richmond? See your maximum price, monthly payment and pre-approval estimate. Free, instant, no credit check.
Updated · current rates and lending limits
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Enter your yearly household income.
Savings and gifts from family count. Many first-time buyer loans need just 3% down; under 20% you pay mortgage insurance.
7.40% (Freddie Mac 30-year average, October 2026). Change it if you've been quoted a rate.
Enter your down payment.
| After | Paid in total | Still owed |
|---|
The Cowart Team of NFM Lending
4.9 · 342 reviews · Free pre-approval
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804Mortgage | William Schroeder | Real Estate and Mortgage Bundled
5.0 · 118 reviews · Free pre-approval
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Blake Bogese, NMLS ID# 1486989
5.0 · 113 reviews · Free pre-approval
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An estimate, not a mortgage approval or pre-approval. A mortgage broker confirms your real number.
Ranked by TrustAnalytica from verified reviews · see the full Top 10 list →
The Cowart Team of NFM Lending focuses on guiding clients through the mortgage process with clear communication and personalized support. They assist with home loan approvals and closings, often helping clients feel more confident and informed. Customers appreciate their patience and thoroughness, especially when navigating complex or stressful situations.
804Mortgage combines mortgage brokerage and real estate agent services in one place, helping clients streamline home buying and selling. Their Bundle & Save program returns half of the buyer-agent commission at closing and offers a low 1.5% listing fee for sellers. Customers appreciate the team's thoroughness and local expertise throughout the process.
Licensed under NMLS ID# 1486989, this mortgage broker specializes in navigating complex loan situations to help clients secure their homes. The team offers personalized mortgage services and is appreciated for their supportive approach and thorough knowledge of the lending process. Some clients note the experience can be intense but ultimately rewarding.
ALCOVA Mortgage focuses on guiding clients through the often complex mortgage process with clear communication and support. Their services include helping with loan applications and closing, supported by a website that tracks progress at each stage. Customers appreciate the team’s patience and responsiveness, though some find the process detailed.
With over 30 years of combined mortgage experience, River City Lending guides homebuyers through a variety of loan options, including FHA, VA, USDA, and investor-focused DSCR loans. Clients appreciate the team’s knowledgeable, patient approach that helps simplify the mortgage process, especially for first-time buyers.
With over two decades of experience, MAK Financial Group offers personalized mortgage solutions by partnering with multiple lenders to find the best fit for each client’s needs. Their team guides customers through every step, from loan qualification to closing, and is known for clear communication and responsiveness, even when underwriting challenges arise.
Known for clear communication and personalized mortgage strategies, The Rudd Mortgage Team helps clients navigate home financing with detailed financial insights. They assist first-time buyers and investors alike, focusing on education throughout the process. Customers appreciate their responsiveness and thoroughness, noting the team keeps things moving efficiently even in competitive markets.
Sparrow Home Loans specializes in personalized mortgage solutions with upfront underwriting to give clients confidence during their home search. The team offers a range of loan options—including conventional, FHA, VA, and renovation loans—and works closely with realtors to strengthen offers. Customers appreciate their clear communication and helpful guidance throughout the process.
Home Loan Zone operates as an independent mortgage broker, giving clients access to multiple lenders for competitive rates and personalized loan options. They assist with a variety of mortgages, including conventional, FHA, VA, and renovation loans, guiding customers through purchases and refinancing. Clients appreciate the team’s clear communication and support throughout the process.
Specializing in mortgage services for VA buyers and first-time homeowners, The Maverick Mortgage Group Powered By Nexa Mortgage guides clients through preapproval to closing with clear communication and attentive support. The team offers personalized loan assistance, and customers appreciate their knowledgeable, friendly approach throughout the process.
Lenders made 2,383 home-purchase loans in Richmond City County in 2025 (average about $443,000) and denied 211 — 8% of decided applications, compared with 11% across Virginia, according to federal mortgage data (HMDA, CFPB). In Richmond, the median home is worth $353,000 and 71% of owners have a mortgage, paying a median $1,920 a month (Census ACS 2020–2024).
Source: CFPB / FFIEC Home Mortgage Disclosure Act (HMDA) data, 2024–2025 loan applications in Richmond City County (originated vs denied); home values and costs: U.S. Census Bureau ACS 2020–2024. Compiled by TrustAnalytica.
| # | Business | Rating | Reviews | Starting price | Phone | Website |
|---|---|---|---|---|---|---|
| 1 | The Cowart Team of NFM Lending | 4.9 | 342 | Quoted per loan | (804) 399-4333 | Visit |
| 2 | 804Mortgage | William Schroeder | Real Estate and Mortgage Bundled | 5.0 | 118 | — | (804) 593-0344 | Visit |
| 3 | Blake Bogese, NMLS ID# 1486989 | 5.0 | 113 | — | (804) 586-5174 | Visit |
| 4 | ALCOVA Mortgage | Midlothian, VA | 5.0 | 95 | — | (804) 543-2009 | Visit |
| 5 | River City Lending Team | Powered by Atlantic Bay Mortgage Group | 5.0 | 87 | — | (804) 550-9551 | Visit |
| 6 | MAK Financial Group Inc | 4.9 | 82 | — | (804) 897-3700 | Visit |
| 7 | The Rudd Mortgage Team | 5.0 | 67 | — | (804) 944-2393 | Visit |
| 8 | Briana Sparrow | 5.0 | 64 | — | (804) 878-0509 | Visit |
| 9 | Home Loan Zone Inc | 5.0 | 59 | Quoted per loan | (855) 340-5626 | Visit |
| 10 | The Maverick Mortgage Group Powered By Nexa Mortgage | 5.0 | 18 | — | (877) 830-2016 | Visit |
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.
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.
General information, not financial advice — consult a qualified professional.