Home Purchase Loans for Every Buyer
Compare loan programs across multiple lenders and get pre-approved with confidence
How Home Purchase Loans Work
Buying Your First or Next Home?
A home purchase loan lets you finance the cost of buying a primary residence. Your rate, monthly payment, and upfront costs depend on your credit score, income, down payment, and loan program.
As a licensed mortgage broker, Mortgage Marketplace compares home loan options across multiple lenders in Oregon, California, Washington, Idaho, Texas, Florida, and Montana so you see real options before you commit.
A home purchase loan helps you finance the cost of buying a primary residence. Your loan terms, interest rate, and upfront costs depend on factors such as credit profile, income, down payment, and the type of loan you choose.
As a mortgage broker, we help compare multiple loan programs and lenders to find home loan options that align with your financial situation and homeownership goals.
Home Loan Options for Buyers
There are several home loan programs available for purchasing a home, each designed for different buyer needs:
- Conventional home loans
- FHA home loans
- VA home loans for eligible service members and veterans
- USDA home loans for qualifying areas
- Jumbo loans for higher-value homes
Understanding your loan options early helps you make informed decisions throughout the buying process.
Down Payment and Upfront Costs
Down payment requirements vary by loan program. Conventional loans require as little as 3%. FHA loans require 3.5% with qualifying credit.Â
VA and USDA loans offer zero down payment for eligible buyers. Down payment assistance programs are available in all 7 states Mortgage Marketplace serves.
What to Expect When Buying a Home
The home buying process typically includes:
- Reviewing your financial profile and loan options purchase price, and program requirements
- Getting pre-approved for a home loan
- Finding a home and making an offer
- Completing underwriting and appraisal
- Closing on your home
Clear communication and planning help keep the process organized from start to finish.
Mortgage Marketplace LLC is licensed to help home buyers in Oregon, California, Washington, Idaho, Texas, Florida, and Montana. View full licensing information.
Is Now the Right Time to Buy a Home?
Deciding to buy a home depends on factors such as financial readiness, lifestyle goals, and long-term plans. Understanding your loan options, monthly payment range, and upfront costs helps you make an informed decision.
A personalized review can help clarify whether buying a home fits your current situation.
Home Purchase Questions
Common questions about buying a home, qualifying for a loan, and what to expect from the process.
1. What credit score do I need to buy a home?
2. How much down payment do I need?
Down payment requirements vary by loan type. Conventional loans require as little as 3%. FHA loans require 3.5% with qualifying credit. VA and USDA loans offer zero down payment for eligible buyers. Down payment assistance programs are also available in all 7 states we serve.
3. What is mortgage pre-approval and why does it matter?
Pre-approval is a lender’s written confirmation that you qualify for a specific loan amount based on a review of your income, credit, and assets. It shows sellers you are a serious buyer and helps you move quickly when you find the right home. Pre-approval at Mortgage Marketplace is free.
4. How long does it take to close on a home?
Ready to Find the Right Home Loan?
We compare loan programs across multiple lenders so you can see your real options before you apply. Licensed in OR, CA, WA, ID, TX, FL, and MT.
REVIEW your
Home Buying Options
Home loan options, rates, and requirements vary based on your financial profile and the type of home you plan to buy. Start with a personalized review to explore home purchase loan options and understand your next steps.
