Purchase
A purchase mortgage is the loan you take to buy a home. We compare conventional and government-backed options across multiple wholesale lenders, then explain what each one costs before you choose.
First-time buyers, move-up buyers, and anyone buying a primary home in Texas or Florida.
What a lender will ask for
- Income a lender can verify, usually pay stubs and W-2s, or tax returns and business records if you work for yourself.
- A credit history the lender reviews. There is no single cut-off: it moves with the program and with the lender.
- A down payment, which differs by program. A smaller one is often possible, and usually brings mortgage insurance with it.
- Funds for closing costs, which are separate from the down payment and are itemised for you before you commit.
- A property that appraises at or above the agreed price.
What it offers
- Options compared across multiple wholesale lenders, rather than one bank's shelf of products.
- Conventional and government-backed loans set side by side, so you can see what each means for your monthly cost.
- A written comparison of rate, cost and terms before anything is signed.
What to weigh up
- A smaller down payment usually means mortgage insurance, which adds to what you pay each month.
- A lower rate often costs points paid at closing. Whether that pays off depends on how long you keep the loan.
- A pre-qualification is not an approval. A lender reviews the full file, and the answer is theirs to give.
Related loan programs
- Conventional loanBuyers and homeowners with steady, documented income and a good credit history.
- FHA loanBuyers with a smaller down payment saved, or a shorter or imperfect credit history.
- VA loanEligible veterans, active service members, and surviving spouses.
- USDA loanBuyers of a primary home in an eligible rural or suburban area, with household income within the program's limit.
Start with a pre‑qualification request
Tell us what you want to do and where, and we come back with options compared across multiple wholesale lenders. A pre-qualification request starts it, and nothing is a commitment until a lender has reviewed your file.