Buy A Home
Buying a home is a major step. Financing it doesn’t have to be complicated. Focus helps you understand your options and move forward with clarity.
What to know before you start
Before you begin house hunting, it helps to understand a few fundamentals:
- Your budget — What monthly payment feels comfortable?
- Your timeline — Are you buying soon or planning ahead?
- Your credit profile — This can affect loan options and pricing.
- Your down payment — How much are you willing to invest upfront?
You don't need every detail figured out. You just need a clear starting point.
Need help figuring out the basics? A short conversation with an experienced loan originator can help clarify your next steps.
Where should you start?
Pre-Qualification
A quick estimate to understand what you may qualify for.
- Based on self-reported financial information
- Typically does not require full documentation
- May involve a soft credit review
- Helps establish a general price range
- Best for early planning and initial home shopping
Pre-Approval
A verified review of your finances that strengthens your buying power.
- Requires income, asset, and employment documentation
- Includes a full credit review
- Provides a more accurate loan estimate
- Makes your offer stronger with sellers
- Positions you to move quickly once under contract
Which one do you need?
Pre-qualification works for early planning. Pre-approval is best when you’re ready to make an offer. A quick conversation will point you in the right direction.
How the Purchase Process Works
Connect with a Loan Originator
Find a loan originator that is an expert in your specific situation.
Find a Home
Get pre-approved and find the right home.
Offer and Acceptance
Submit your offer to purchase a home and get accepted.
Finalize your Loan
Complete documentation and underwriting.
Close on a Home
Sign, fund and get the keys!
What is a purchase mortgage?
A purchase mortgage is a loan used to buy a home. You finance part of the purchase price and repay it over time.
Your monthly payment may include:
- Principal and interest
- Property taxes
- Homeowner’s insurance
- Private Mortgage Insurance (PMI)
Loan terms and payments vary based on your goals and financial profile.
Down Payment and Upfront Costs
Buying a home involves more than the purchase price.
Your monthly payment may include:
- Principal and interest
- Property taxes
- Homeowner’s insurance
- Private Mortgage Insurance (PMI)
Down payment requirements vary by loan type, and some buyers qualify for lower down payment options.
Explore specific programs on the Loan Types page
