It's one of the most exciting times in life, but it can also be confusing without a little help. If you can afford a 20% down payment on your home, you'll be able to avoid private mortgage insurance. Or, you can get a Federal Housing Administration (FHA) loan. FHA loans are backed by the government and require less down payment (as low as 3.5%). Getting pre-approved is a good first step. The first-time homebuyer's guide may be a great place to learn the basics and benefits of home buying, how much house you can afford, getting approved and more.
Read the first-time homebuyer's guide
Should I rent or buy?
If you're currently renting, you may be missing out on the opportunity to build home equity with your monthly payments. Using the rent vs. buy calculator can help you see the cost of buying a new home and understand if it's a better choice than renting.
Rent vs. buy calculator >
A pre-qualification is a quick estimate of what you may qualify for, while a pre-approval means the lender has confirmed your financial information and made a commitment of how much you can borrow. Having that commitment may give you an advantage over other homebuyers.
Learn more >
YOUR NEXT HOME
Learn what's different when buying your next home.
You've already been through the process, so it should be easy, right? Not necessarily, as you have the additional step of selling your current home. To help, here are some tips that may help make the process of buying and selling at the same time a little smoother.
Read about buying and selling a home at the same time
Getting your house sold
When selling your home, you're competing against all of the other homes for sale in your area. Learn how to make your house stand out.
Tips for selling your home >
When does a second home or investment property make sense?
There are so many great reasons to consider a vacation home or investment property—a place to get away, extra rental income, or investing in a favorable housing market. See if a second home makes sense with your budget and future plans.
Consider a second home
You might want a 10-bedroom mansion, but that small house on the lake might be the way to go without breaking the bank. Plug in your income, expenses and your potential new loan details, and see how much home you may be able to afford.
Try the affordability calculator >
Estimate your mortgage payment
If you've found the investment or vacation property you want, get an idea of your monthly payment. Just plug in the home price, down payment and interest rate.
Use the mortgage payment calculator >