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Review Keywords Analysis

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

Mortgage Affordability Calculator Spokane, WA

How much house can you afford in Spokane? 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 Spokane

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

1

Jason Paull Team | Fairway Home Mortgage

Specializing in helping families build wealth through real estate, the Jason Paull Team offers mortgage services tailored to both first-time buyers and seasoned investors. Clients appreciate their clear communication and persistence, especially when challenges arise during the loan process. The team guides borrowers smoothly from application to closing with personalized support.

View Profile
(509) 956-3101
Closed Now
316 W Boone Ave Ste 760, Spokane, WA 99201
2

Q Home Loans

With more than 25 years of local lending experience and underwriting done in-house, Q Home Loans offers a wide range of mortgage programs including conventional, FHA, VA, and specialized loans like Down Payment Help and DSCR. Customers appreciate the team’s responsiveness and personalized guidance, especially through complex loan processes.

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(509) 216-3333
Closed Now
1102 N Monroe St, Spokane, WA 99201
3

Mike Pankey Mortgage Advisor - NMLS 718905

Licensed mortgage advisor Mike Pankey (NMLS 718905) and his team focus on guiding clients through home financing with clear communication and personalized support. They assist with pre-approvals, loan options, and refinancing, making the process straightforward and accessible. Customers appreciate their professionalism and friendly, informative approach throughout each step.

Services & Prices
Pre-Approval Quoted per loan
Funding and Closing Services Quoted per loan
View Profile
(509) 990-6987
Closed Now
316 W Boone Ave Ste 760, Spokane, WA 99201
General Services
Home Mortgage Services
4

Envoy Mortgage - Spokane, WA

Envoy Mortgage offers a range of home loan options, including VA loans, with a focus on clear communication and personalized support throughout the mortgage process. Clients appreciate the team’s responsiveness and guidance, noting that the online platform simplifies document submission, though experiences may vary depending on the assigned loan officer.

Services & Prices
Purchase Mortgages Quoted per loan
Refinancing Quoted per loan
Pre-Approval Quoted per loan
View Profile
(509) 426-5336
Closed Now
1121 N Argonne Rd Ste 111, Spokane, WA 99212
General Services
Mortgage Services
5

PRMG

PRMG focuses on providing supportive and personalized mortgage lending, often making clients feel like they’re working with a trusted friend. The team assists with home loans and handles special circumstances with care, maintaining clear communication throughout the process. Some clients note the experience can be busy, but the friendly approach stands out.

View Profile
(509) 675-8266
Closed Now
203 N Washington St Ste 200A, Spokane, WA 99201
Where they are 10 on the map Click a pin for the profile and directions
6

Cornerstone Home Lending - Kyle Gilliam

Cornerstone Home Lending - Kyle Gilliam offers access to over 250 loan programs, aiming to close and fund mortgages in under 30 days using the latest technology and an easy-to-use phone app. They assist with a variety of loans, including VA, FHA, and refinancing, and are often noted for clear communication and responsiveness throughout the lending process.

Services & Prices
Conventional Loans Quoted per loan
FHA Loans Quoted per loan
VA Loans Quoted per loan
Payment Management Quoted per loan
View Profile
(509) 216-2218
Closed Now
225 W Main Ave #200, Spokane, WA 99201
General Services
Home Loans
7

Shout Mortgage - Washington

Shout Mortgage offers quick and smooth mortgage solutions, often securing competitive rates even when others can’t. The team helps clients explore multiple loan options to find the best fit, with many noting prompt communication and efficient service throughout the process. Some customers mention a fast turnaround from application to closing.

View Profile
(509) 867-3754
Closed Now
507 W Francis Ave, Spokane, WA 99205
8

Maverick Johnston at Guardian Mortgage

Guardian Mortgage specializes in helping clients navigate complex real estate transactions, including multi-state purchases and refinancing. The team offers personalized mortgage options and clear explanations, often providing 24/7 availability to address questions. Customers appreciate the smooth process and the honest, straightforward guidance throughout.

View Profile
(509) 230-0768
Closed Now
244 W Main Ave, Spokane, WA 99201
9

Brazington Mortgage

Brazington Mortgage specializes in private money loans tailored for real estate investors and business owners, offering flexible funding backed by real estate collateral. The team handles a variety of loan types, including commercial mortgages, bridge loans, and construction financing, with a focus on clear communication and fast approvals. Customers appreciate the personal attention and… more...

Brazington Mortgage specializes in private money loans tailored for real estate investors and business owners, offering flexible funding backed by real estate collateral. The team handles a variety of loan types, including commercial mortgages, bridge loans, and construction financing, with a focus on clear communication and fast approvals. Customers appreciate the personal attention and practical approach, though the process can sometimes require patience due to outside documentation.

Services & Prices
Mortgage Refinancing Quoted per loan
First-Time Homebuyer Loans Quoted per loan
Construction Loans Quoted per loan
View Profile
(509) 922-4560
Closed Now
3114 E Marietta Ave, Spokane, WA 99207
General Services
Mortgage Services
10

Guild Mortgage Company

Guild Mortgage Company is recognized for its knowledgeable team that guides clients through home loans and refinancing with clear communication and personalized support. They assist first-time buyers and seasoned investors alike, often praised for responsiveness and professionalism. Some customers note challenges with related real estate services, but the mortgage process itself is handled… more...

Guild Mortgage Company is recognized for its knowledgeable team that guides clients through home loans and refinancing with clear communication and personalized support. They assist first-time buyers and seasoned investors alike, often praised for responsiveness and professionalism. Some customers note challenges with related real estate services, but the mortgage process itself is handled smoothly.

Services & Prices
First Home Loan Quoted per loan
Refinancing Quoted per loan
Investment Property Loan Quoted per loan
View Profile
(509) 467-1260
Closed Now
111 Lincoln Rd #5, Spokane, WA 99208
General Services
Home Loan Services

Spokane Mortgage Statistics

Home-purchase lending in Spokane County and home costs in Spokane, WA (latest HMDA and Census data)

Lenders made 6,597 home-purchase loans in Spokane County in 2025 (average about $376,000) and denied 588 — 8% of decided applications, compared with 9% across Washington, according to federal mortgage data (HMDA, CFPB). In Spokane, the median home is worth $363,500 and 67% of owners have a mortgage, paying a median $1,753 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
6,597▲ 4%6,333 in 2024
Denial rate
8%WA 9%
Median home value
$363,500WA $564,600
Monthly cost with a mortgage
$1,753median · WA $2,445
Refinance loans made (Spokane County, 2025)
3,939 · 2,733 in 2024
Home-improvement loans made (2025)
1,665
Average home-purchase loan
$376,000 (WA $564,000)
Owners with a mortgage
67% · 28% of them spend 30%+ of income on housing
Median household income
$70,064 (WA $98,141)

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

Spokane Mortgage Brokers stats: 10 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 Jason Paull Team | Fairway Home Mortgage 5.0 240 — (509) 956-3101 Visit
2 Q Home Loans 5.0 151 — (509) 216-3333 Visit
3 Mike Pankey Mortgage Advisor - NMLS 718905 5.0 89 Quoted per loan (509) 990-6987 Visit
4 Envoy Mortgage - Spokane, WA 5.0 73 Quoted per loan (509) 426-5336 Visit
5 PRMG 4.9 61 — (509) 675-8266 Visit
6 Cornerstone Home Lending - Kyle Gilliam 4.8 50 Quoted per loan (509) 216-2218 Visit
7 Shout Mortgage - Washington 4.8 41 — (509) 867-3754 Visit
8 Maverick Johnston at Guardian Mortgage 5.0 35 — (509) 230-0768 Visit
9 Brazington Mortgage 4.7 15 Quoted per loan (509) 922-4560 Visit
10 Guild Mortgage Company 4.9 8 Quoted per loan (509) 467-1260 Visit

How this Spokane 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.

Washington 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 0.74% of the home's value a year, the Washington 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 mortgage affordability calculator work?
It estimates the highest home price you can afford based on income, debts, down payment, and interest rate, including PMI and property tax.
What is the debt-to-income ratio for mortgages in Washington?
Lenders often cap housing costs at 31% and total debt at 43% of gross monthly income. Some loans may allow more with strong credit.
What is the minimum down payment for first-time buyers in Spokane?
Minimum down payment is 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 Spokane?
With less than 20% down, PMI is added, about 0.6% of the loan yearly. It can usually be removed once the loan balance is below 80% of the home's value.
How do interest rates impact how much house I can afford?
Higher interest rates increase monthly payments, reducing the home price you can afford. Rates start at 7.40% in this calculator.
How do debts affect my mortgage qualification in Spokane?
Higher monthly debts reduce the amount you can borrow, as lenders cap total debt payments at 43% of gross income.
What is the property tax rate in Washington?
Property tax is about 0.74% 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 verifies your income, debts, and credit for a real number. Pre-qualification is an initial estimate without verification.
What does a mortgage broker do in Spokane?
A mortgage broker helps find and negotiate mortgage loans, connecting you with lenders based on your financial situation.

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