Purchase A Home

Get started right here! Complete this short form (no Social Security numbers required) and see if you instantly pre-qualify for that dream home, then receive great rates and mortgage programs from top lenders. Compare lenders and save!

Your Credit

Are you a first time home buyer? * Yes No

If you have not owned a home in the past 3 years, most lenders will consider you a First Time Homebuyer. In some cases, this allows you to save money on transfer tax (depending on the location of the property) and tax credits.

How would you rate your credit history? *

How is your credit? Please keep in mind that RatesAreHot.com does not pull credit. Just estimate how you feel you have been paying your bills in the last 24 months. Try to be exact as you can here after all, our lenders will be acquiring a mortgage rate quote for you based on your credit. Here are some general rules to follow:

Excellent Credit - If all of your bills are due on the 1st of the month and you pay all of your bills on the 1st of the month you have Excellent Credit.

Good Credit - If your bills are due on the 1st of the month and you pay them by the end of the month you should have Good Credit as long as you pay them all within 30 days after they are due. If you let one linger here and there you should still have Good Credit.

Fair Credit - Let's say you have 10 bills and 6 of them you pay on time every month and the other 4 you pay 30 plus days after the due date. You would be considered to have Fair Credit. It shows that you are trying. There would be some issues that would need to be explained to the underwriter. However, you can consider this Fair Credit. If you feel that you have Fair Credit continue on and also complete our FHA Purchase and FHA Refinance sections of our website too.

Poor Credit - This would be the situation for you if you have consistently paid your bills late every month. If your bills are due on the 1st and you consistently pay them more than 30 days after the due date you would be considered to have Poor Credit. If this is the case for you and if you need help please move on to the FHA Purchase and FHA Refinance sections of our website and complete those sections. RatesAreHot.com has several lenders that can help you. These lenders will be offering a mortgage rate quote to you based on a poor credit scenario if you feel that you have poor credit. Don't worry our lenders can help you if you have poor credit. There are ways right now that our lenders can either counsel you through your situation and get you back on the road to health and wealth. With a little help you can eventually get into your dream home. Also, please feel free to click on our live help button and our experienced staff will help you. Also, If you are a first time homebuyer please continue on to the FHA application and complete that one too.

Have you ever filed for bankruptcy? *

Have you been late on your mortgage or rent payment in the last 24 months? * Yes No

Any foreclosures in the last 24 months? * Yes No

Are you requesting this loan with a spouse or co-borrower? *

Your Desired Property

How would you best describe this property? *

How will you be using this property? *

In what state will this property be located? *

What is the property ZIP code? *

Do you have a property picked out? If so, what does this property cost?

How much do you have for a down payment? *

Typically most lenders require at least 5% down. Anything less then 20% down payment on a purchase may require Mortgage Insurance, which is an additional monthly payment added to your Mortgage Payment. The Lender will provide more information regarding down payment and mortgage insurance at your request.

RatesAreHot.com does not offer loans or mortgages. RatesAreHot.com is not a lender or a mortgage broker.
RatesAreHot.com is a website that provides information about mortgages and loans and does not offer loans or mortgages directly or indirectly through any representative or agents.