With An Innovative Mortgage Solution From MortgageDepot
Home Purchase QuotesPurchasing a home is a life-changing event. Whether you are a first-time homebuyer or you’ve been through the process before, securing a mortgage can be intimidating. To make a confident decision, you need expert guidance from MortgageDepot.
There are more loan options for first-time buyers than ever before. If you partner with MortgageDepot, our loan officers will explore these options side-by-side with you:
A mortgage is another word for a home loan. Most homebuyers need to obtain a mortgage to make their home ownership dreams a reality. The buyer repays the loan by making monthly payments over several years. A mortgage is a legal agreement, so it is crucial to commit to a mortgage program with terms that you understand and can afford.
Get free personalized mortgage rates in minutes
Home Purchase QuotesBefore you start looking at homes, get preapproved for a mortgage. A mortgage preapproval looks at your income, debts and credit history to determine how much a bank might be willing to lend for your home purchase. Consider your preapproval amount along with anticipated future expenses and your comfort level to arrive at a price range.
Knowledge is power that nets you negotiating leverage with lenders. Get your free credit score and keep track of it.
Shop around! MortgageDepot has access to multiple lenders and home loan programs. We will do the shopping for you to get the lowest interest rate available. If interest rates drop in the future, visit us again to discuss refinancing options. We’ve helped countless homeowners reduce their monthly payments with a simple refinance!
No! Today’s mortgage options allow buyers to put as little as 1% down on their home purchase. There are even zero-down programs available to qualified buyers!
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.
These are special programs intended for eligible buyers who need to finance more than 80% of their home purchase. If you need a low down payment, MortageDepot will help you determine your eligibility for these programs.
