Where should we start?

Show me how much I can afford.

Want to know how much house is in your budget?Disclosure 1, Disclosure 2 Our calculatorDisclosure 3 can show you based on your monthly expenses and income.

I want to get preapproved for a mortgage.

A smart move. Getting a mortgage preapprovalDisclosure 4 helps you know where you stand. Even better, it shows real estate agents and sellers that you’re ready to do business.

I'm ready to apply.

Found the right home? Great! It’s time to make it yours. Apply entirely online, then follow your status in real time with our progress tracker. New to this? Watch a short video to know what to expect.

Interest rate discount for Truist customersDisclosure 5
 

You may qualify for an interest rate discount based on your total deposit and investment balances. The more you have in balances with Truist, the greater the potential discount you can receive.

Option 1

Homebuyer's guide

For first-time (or next time) homebuyers.

Let's untangle this together. Our Guide is packed with information to prepare you for your homebuying journey. It's a handy reference to learn what you'll need and what to expect.

Option 2

Payment assistance

Do you qualify for home down payment grants or assistance?

There are lots of ways to qualify for assistance to make your down payment. Maybe you’re a first-time homebuyer, active duty military, a veteran, or a teacher. There's even support depending on your state of residence.

See some of your options to make buying a home more affordable, then talk to a professional in your neighborhood to see if you qualify.

Calculate your mortgage payment.Disclosure 3

Buying or renting: Which is the best choice for you?

So you want to stop renting and become a homeowner. There’s one important question to ask yourself: Does it make financial sense right now? We’ll help you find the answer—fast.

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How do we make your mortgage experience easier? Here's how.

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Ready to Buy a Home? Here's How to Get Started

Truist Online Mortgage Application 

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A few steps in life are monumental. Buying a home is one of them.  

But just because it's a big decision doesn't mean it has to be complicated or stressful.  

We think it's time for a smarter mortgage experience.  

One that's supportive and straightforward.  

Our online mortgage application is the first step of a quick and straightforward home buying process.  

How does it work?  

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Our step-by-step experience guides you through your application.  

Every prompt is personalized to your situation. And technology links to your bank statements and tax forms to keep all of your documents organized in one safe place.  

If you have questions along the way, your loan officer is there for real-time assistance and answers.  

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Taking a quick lunch or break between meetings? Our process is efficient so you can finish your application quickly and confidently.  

And we know you want to keep tabs on where your application stands. So our app tracks your progress all the way to closing.  

Whether you're buying your first home, your next home, or refinancing the home you're in, focus on enjoying what that home means to you and leave the legwork to us. 

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Disclosure: Truist Mortgage.

Truist logo appears. Disclaimer reads, Truist Bank is an Equal Housing Lender. Copyright 2021 Truist Financial Corporation. Truist, Truist Purple, and the Truist logo are service marks of Truist Financial Corporation. 

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Frequently asked questions about buying a home

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Buying a home involves several key steps to determine if you’re ready. You’ll want to start with understanding your budget by assessing your financial situation. This involves understanding your credit score, income, and debt-to-income ratio. Getting pre-approved for a mortgage with Truist can help you understand how much home you might afford and strengthen your position when making an offer. 

The timeline for buying a home can vary, but the process generally takes a few months. This includes the time needed to search for a home, get your offer accepted, complete the mortgage process, and close the deal. Having your finances in order beforehand and being prepared for each step can help streamline the process.

Deciding when to buy a home is a personal decision that depends on your unique financial situation and readiness. You’ll want to consider factors like your credit score, debt-to-income ratio, and potential savings for a down payment and closing costs. If you feel confident in these areas and are prepared for the responsibilities of homeownership, it might be time to get started!

The amount you need to buy a home depends on several factors, including but not limited to the home price, down payment, and closing costs. While a 20% down payment was once the standard, there are other affordable home loan options that require much less. Be sure to explore potential financial assistance programs to make homeownership more accessible.

Yes, it’s possible to buy a home without a significant down payment! While saving for a down payment is ideal, several loan programs offer low or no down payment options.Disclosure 1,Disclosure 2 Be sure to weigh the pros and cons, considering factors such as mortgage insurance, homeowners association (HOA) fees, and overall loan costs, to determine the best down payment options for your circumstances.