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Review Keywords Analysis

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

Mortgage Affordability Calculator Milwaukee, WI

How much house can you afford in Milwaukee? 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 Milwaukee

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

1

The Hard Money Co.

Hard Money Co. specializes in fast, short-term bridge loans tailored for real estate investors focused on buying, rehabbing, and flipping distressed properties. Their streamlined process and clear terms help investors move quickly, with direct access to lending specialists who understand the Milwaukee market. Customers appreciate their responsiveness and partnership approach throughout funding.

View Profile
(414) 269-5300
Closed Now
1134 N 9th St #200, Milwaukee, WI 53233
2

Cream City Mortgage

Cream City Mortgage specializes in a broad range of loan products, including conventional, FHA, VA, jumbo, and investor-focused loans like DSCR and bank statement loans. The team guides clients through financing options with clear communication and responsive support, helping make the mortgage process manageable, though occasional staff absences require smooth handoffs.

Services & Prices
Loan Rate Comparison Quoted per loan
View Profile
(414) 392-5005
Closed Now
610 E Pleasant St, Milwaukee, WI 53202
General Services
Mortgage Services
3

Courtney Bennett NMLS #1992621 Mortgage Loan Originator

Known for combining mortgage expertise with strategic financial insights, this team offers a wide range of loan options including conventional, government-backed, investor, and self-employed programs. Clients appreciate their transparent communication and responsiveness throughout the process, though a few note occasional delays from external parties beyond the team’s control.

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(260) 341-0967
Closed Now
610 E Pleasant St, Milwaukee, WI 53202
4

American Fidelity Mortgage Services, Inc.

American Fidelity Mortgage Services, Inc. is recognized for its personalized approach to home lending, with agents who stay readily available to guide clients through complex mortgage processes. They offer a range of mortgage services and are noted for clear communication and responsiveness, though some clients may experience varying wait times depending on demand.

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(414) 332-1154
Closed Now
3950 N Holton St Unit 201, Milwaukee, WI 53212
5

Jeremy Leibfried - Cream City Mortgage NMLS #389781

Known for responsiveness and clear communication, Cream City Mortgage specializes in guiding clients through home financing with a focus on quick closings and personalized support. The team helps borrowers navigate mortgage options while keeping them informed at every step, making the process feel manageable even under tight timelines. Some clients note the high availability can mean frequent… more...

Known for responsiveness and clear communication, Cream City Mortgage specializes in guiding clients through home financing with a focus on quick closings and personalized support. The team helps borrowers navigate mortgage options while keeping them informed at every step, making the process feel manageable even under tight timelines. Some clients note the high availability can mean frequent updates, which suits those who prefer close contact.

Services & Prices
Home Purchase Loans Quoted per loan
Refinancing Quoted per loan
FHA Loans Quoted per loan
View Profile
(414) 628-5127
Closed Now
610 E Pleasant St, Milwaukee, WI 53202
General Services
Mortgage Services
Where they are 10 on the map Click a pin for the profile and directions
6

Blake Early - Cream City Mortgage Loan Officer NMLS#2006223

Cream City Mortgage specializes in offering a wide range of loan products, including conventional, FHA, VA, jumbo, and investor loans, with no borrower fees and faster-than-average closings. The team guides clients through financing options with clear communication and support, helping make the homebuying process smoother and less stressful.

Services & Prices
First-Time Home Buyer Assistance Quoted per loan
Refinancing Options Quoted per loan
View Profile
(248) 229-7799
Closed Now
610 E Pleasant St, Milwaukee, WI 53202
General Services
Mortgage Services
7

Wisconsin Wholesale Mortgage

Wisconsin Wholesale Mortgage is known for its responsive team that guides clients through the mortgage process with clear communication and patience. They specialize in helping first-time homebuyers find lenders that suit their financial needs while making the experience smooth and straightforward. Customers appreciate their helpfulness and consistent follow-up even after closing.

Services & Prices
First-Time Homebuyer Mortgages Quoted per loan
Refinancing Quoted per loan
VA Loans Quoted per loan
View Profile
(414) 376-6769
Closed Now
2833 W Layton Ave, Milwaukee, WI 53221
General Services
Mortgage Services
8

Brandon Carus Loan Officer NMLS #1132262

Licensed under NMLS #1132262, this loan officer offers a broad range of mortgage options including conventional, FHA, VA, jumbo, and specialized loans tailored to various financial situations. Clients appreciate clear communication, responsiveness, and guidance through the complexities of home financing, though the process can still feel detailed at times.

Services & Prices
Mortgage Loan Options Discussion Quoted per loan
Conventional Loan Options Quoted per loan
FHA Loan Options Quoted per loan
VA Loan Options Quoted per loan
View Profile
(414) 412-4774
Closed Now
610 E Pleasant St, Milwaukee, WI 53202
General Services
Home Financing
9

Ty Fiegel - Cream City Mortgage Loan Officer NMLS#1273300

Licensed as a mortgage loan officer (NMLS#1273300), this team specializes in guiding first-time homebuyers through their financing options with clear explanations and responsive support. They offer personalized mortgage advice and are known for being approachable and quick to answer questions, helping clients feel confident throughout the process.

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(316) 213-1516
Closed Now
610 E Pleasant St, Milwaukee, WI 53202
10
View Profile
(414) 645-4444
Closed Now
NMLS - 234470, 2778 S 35th St Ste 201, Milwaukee, WI 53215

Milwaukee Mortgage Statistics

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

Lenders made 8,893 home-purchase loans in Milwaukee County in 2025 (average about $308,000) and denied 1,021 — 10% of decided applications, compared with 9% across Wisconsin, according to federal mortgage data (HMDA, CFPB). In Milwaukee, the median home is worth $184,000 and 65% of owners have a mortgage, paying a median $1,533 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
8,893▲ 4%8,573 in 2024
Denial rate
10%WI 9%
Median home value
$184,000WI $266,500
Monthly cost with a mortgage
$1,533median · WI $1,689
Refinance loans made (Milwaukee County, 2025)
6,182 · 4,682 in 2024
Home-improvement loans made (2025)
2,260
Average home-purchase loan
$308,000 (WI $330,000)
Owners with a mortgage
65% · 30% of them spend 30%+ of income on housing
Median household income
$54,234 (WI $77,485)

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

How this Milwaukee 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.

Wisconsin 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 1.19% of the home's value a year, the Wisconsin 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 determine how much house I can afford in Milwaukee?
It uses your income, monthly debts, down payment, interest rate, and first-time buyer status to estimate the highest home price you can qualify for.
What is the debt-to-income ratio for mortgages in Wisconsin?
Lenders typically cap housing costs at 31% and total debt payments at 43% of gross monthly income, though some loans allow more with strong credit.
How does a down payment affect my mortgage in Milwaukee?
A minimum down payment is 3% for conventional loans. Less than 20% down usually adds private mortgage insurance (PMI), which can be removed when the loan balance is below 80% of the home's value.
How do interest rates impact my mortgage affordability in Wisconsin?
Higher interest rates increase monthly payments, reducing the maximum home price you can afford. Rates start at 7.40% as of October 2026, but change weekly.
How do my debts affect how much mortgage I can qualify for?
Higher monthly debt payments reduce the amount you can borrow for a mortgage, as lenders consider total debt-to-income ratios.
What is the property tax rate for homes in Wisconsin?
The property tax rate is about 1.19% of the home's value annually, based on the 2024 average for owner-occupied homes.
What's the difference between mortgage pre-approval and pre-qualification?
Pre-approval involves verifying your income, debts, credit, and down payment, while pre-qualification is a preliminary estimate without verification.
What does a mortgage broker do in Milwaukee?
A mortgage broker helps you find and apply for a mortgage by comparing different lenders and loan options, but they don't guarantee approval.
How much house can I afford on a 100k salary in Wisconsin?
The calculator estimates affordability by considering your salary, debts, down payment, and interest rate, but a pre-approval confirms the real number.
Why use a mortgage affordability calculator in Milwaukee?
It gives a quick estimate of how much you can afford based on local property taxes and current interest rates, helping you plan your home search.

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