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Buying a home is one of the biggest purchase decisions you’ll ever make. But getting a mortgage loan doesn’t have to be difficult. That’s why LendingTree helps you find the right home financing with the right mortgage lender. Whether this is your first time applying for a home loan, or you’re buying a vacation home or investment property, you’ll want to be prepared. Already have a home loan? LendingTree can also help you refinance your mortgage to help you save money.

Get up to 5 free loan offers in minutes. There’s no cost and no obligation. It’s just a great first step to turn your dream home into a reality.

What do I need to know about home financing?

How much can I really afford?
Factor in your income, down payment amount and existing debts to calculate what purchase price and payment makes sense for your budget.
The importance of your credit score

Knowledge is power that nets you negotiating leverage with lenders. Get your free credit score and keep track of it.

Get a better interest rate

Interest rates are always changing. If you’re stuck paying a high interest rate on your loan, you should check your options. You could save a lot every month.

Smaller down payment

You can put as little as 3.5% down. It doesn’t even have to be your own money – the down payment can be a gift or loan.

Is an FHA loan right for me?

If you need to finance more than 80 percent of your home’s purchase price or appraised value, an FHA loan might be right for you.

What about VA mortgages?

If you’re an eligible veteran and need to finance more than 80 percent of your home’s purchase price or appraised value, a VA loan may be a good option for you.

What is a Mortgage?

A mortgage, or mortgage loan, is a legal agreement where a lender offers money to a borrower to purchase real estate in exchange for interest. The loan is secured by the real estate, so if the borrower fails to repay (defaults) the lender can foreclose, selling the property to pay off the loan.

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What can I afford?

Let’s do a little math

All it takes is some quick and easy number crunching and you’re on your way. Check out our user-friendly Home Affordability Calculator to assess your debt-to-income ratio, down payment, loan amount and your mortgage payment – all at once!

Use our Mortgage Payment Calculator to see current mortgage rates and your estimated monthly payment.

Find Your Monthly Payment

How do I shop for a home loan

Because current mortgage rates today are constantly changing, the first home loan you’re offered may not be the best one. That’s why it really pays to shop around. So how do you do that? It’s easy! Check current rates, compare personalized loan offers, check out lender reviews and ratings. Or, if you already have an offer, use the Mortgage Negotiator to make sure you’re getting the best deal.

View My Free Offers

Choose the type of home loan that’s right for you


FHA

A Federally insured mortgage loan provided by an FHA-approved lender.
Is this for me?


CONVENTIONAL

A loan is not insured by a government agency but follows Fannie Mae guidelines.
Is this for me?

VA LOANS

A mortgage loan available to veterans and current military personnel.
Is this for me?

58%

of homebuyers stated that price is most important when considering a mortgage

How do I qualify for a loan?

Everyone is different. But it’s easy to find out what your personal home loan and mortgage rate parameters are. Lenders focus on these 5 things:

  • Credit Score
  • Household income
  • Job History
  • Cash reserves
  • Down payment amount

Get Qualified Now

Top 10 mistakes first-time buyers make

1

Not knowing how much house you can afford.

2

Spending the maximum you can afford.

3

Letting the real estate agent know how much you love the house. (You lose your upper hand in negotiations this way.)

4

Not getting preapproved.

5

Failing to budget for long term repair and maintenance costs.

6

Failing to budget for property taxes.

7

Skipping the home inspection.

8

Not considering the resale value.

9

Not getting it in writing. If it’s just verbal, it’s not legal.

10

Choosing the wrong mortgage product for your needs. (30-year fixed isn’t right for everyone. You may be surprised that interest only or ARM might actually be ok for you.)