Getting Started with a Home Loan

An overview of the loan process in 5 minutes.

The Loan Process Timeline

Get a look at all the process from start to finish.

Shopping for your first home? These essential tips will guide you through the process and set you up for success.

A lower interest rate can lead to big savings over the life of your loan. Follow this guide on how to shop for a home loan.

Is now a good time to refinance? It depends! This guide will teach you when and how to refinance your home.

Use the calculator to get a reasonable estimate of what’s possible based on your income and debts.

Annual Income ($):

Enter your total annual income.

Monthly Debts ($):

Car payments, credit card debt, student loans, etc. This wouldn't include your current rent or mortgage.

Down Payment ($):

Note: not all loans require a minimum of 20% down.

Interest Rate (%):

Rates fluctuate but it's best to presume a higher rate as you're starting to look at houses.

Mortgage Term (years):

If you're not sure, stick with a 30 year loan.

Debt-to-Income Ratio (%):

The higher you push your DTI the more financial risk you'll face.

This may have some risk and, depending on your life situation, may not be possible.