Use these comparisons for planning; final eligibility, pricing and terms are set by the provider.
Select a purchase-financing route
| Financing route | When to compare it |
|---|---|
| Conventional Mortgage Loans | Compare a standard purchase with the applicable mortgage insurance. |
| FHA Mortgage Loans | Evaluate an eligible primary-home purchase and its insurance charges. |
| First-Time Home Buyer Mortgage Options | Compare ordinary mortgage products and separately verified assistance. |
| Condo Mortgage Loan Options | Review both the borrower and condominium project before relying on a quote. |
| New Construction Home Loan Options | Distinguish a completed-home purchase from a construction draw loan. |
| Mortgage Options Using Gift Funds | Check permitted gift documentation and remaining cash needs. |
Build the purchase cash requirement
Separate down payment, lender and third-party charges, prepaids, escrow deposits and reserves. Deduct confirmed deposits and permitted credits without assuming excess credits become cash back. A low-down-payment product does not eliminate closing costs or the need to retain savings after moving.
Compare the property before the final mortgage choice
An existing home, condominium, manufactured home and new build can need different appraisal and collateral reviews. Confirm occupancy, condition, association obligations and any required repairs. A borrower preapproval does not mean every property is acceptable or every project is approved.
From selection to a lender’s application
First select a product route and run a payment scenario. Next gather current income, asset and debt information. Choose a verified lender, confirm the state and property fit, and use its secure application process. The provider must explain the scope of any prequalification or preapproval and the conditions remaining before closing. This site does not issue either decision.
Treat assistance as a separate product
A grant, deferred second mortgage, amortizing second loan and shared-appreciation agreement have different costs and exit consequences. Use the state resource pages to identify a relevant administrator, then confirm current funding and eligibility. Do not make a contract dependent on an award that has not been reserved.
Compare two complete purchase scenarios
Illustration: on a $300,000 purchase, a 5% contribution is $15,000 before other closing costs. A 10% contribution is $30,000 and leaves $15,000 less in savings. Compare actual mortgage insurance, lender quotes and retained reserves before assuming the larger down payment is the better fit.
Starting online
Online access describes how a process begins, not a distinct loan program or an approval promise. Verify the operator and recipient before entering personal information.
Program references and comparison sources
CFPB: Understand the different kinds of loans available — Loan structures, terms and repayment risks; not provider-specific eligibility.
CFPB: Loan Estimate explainer — Comparison of covered mortgage disclosures, cash to close, points, lender credits and monthly costs.
CFPB: Information required for a Loan Estimate — Six information items for covered transactions; exceptions include HELOCs and reverse mortgages. Do not demand documents as a precondition.
Check the linked source for its effective date and applicable scope. A source link is not a lender partnership or an individual offer.