Congratulations! You’re ready to buy a home…

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.

Small 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.

Glossary Terms

Fixed Rate Mortgage
A category of mortgage characterized by an interest rate that does not change over the life of the loan. <a href='/glossary/what-is-fixed-rate-mortgage' title='See the full definition of Fixed Rate Mortgage'>read more</a>
Adjustable Rate Mortgage (ARM)
A mortgage with an interest rate that can change during the term of the loan. The timing and calculation of adjustments (also called resets) are... <a href='/glossary/what-is-adjustable-rate-mortgage' title='See the full definition of Adjustable Rate Mortgage (ARM)'>read more</a>
Good Faith Estimate (GFE)
A disclosure that lenders must by law issue to mortgage applicants within three business days of their loan application date. The three-page GFE lists... <a href='/glossary/what-is-good-faith-estimate' title='See the full definition of Good Faith Estimate (GFE)'>read more</a>
Down Payment
The difference between a home’s purchase price and the amount of the mortgage against the property. The down payment must be paid upfront before the... <a href='/glossary/what-is-down-payment' title='See the full definition of Down Payment'>read more</a>

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

A Federally insured mortgage loan provided by an FHA-approved lender Is this for me?
Why apply for a FHA loan?
You are a first time home buyer
You are interested in making home improvements
Learn More
A loan that is not insured by a government agency, but follows Fannie Mae guidelines Is this for me?
Why apply for a conventional loan?
You are more likely to get a lower interest rate
Fewer restrictions and more flexibility
Learn More
VA Loans
A mortgage loan available to veterans and current military personnel Is this for me?
Why apply for a VA loan?
Usually has no (or low) down payment
Mortgage insurance is not required
Learn More
of potential homebuyers stated “getting the best deal” (price) is their most important feature when considering a mortgage
Get free personalized mortgage rates in minutes

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

  • 1Not knowing how much house you can afford.
  • 2Spending the maximum you can afford.
  • 3Letting the real estate agent know how much you love the house. (You lose your upper hand in negotiations this way.)
  • 4Not getting preapproved.
  • 5Failing to budget for long term repair and maintenance costs.
  • 6Failing to budget for property taxes.
  • 7Skipping the home inspection.
  • 8Not considering the resale value.
  • 9Not getting it in writing. If it’s just verbal, it’s not legal.
  • 10Choosing 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.)