A new home is closer than you think.

Whether it’s a down payment, monthly payment, or your total expenses, use the information below to address your concerns with complete confidence.

Down Payment

What’s up with down payments?

No matter how much you’ve saved (or plan to save), we have programs that fit most budgets—some even require as little as 3% down (including out-of-pocket requirements as low as $500).^{Disclosure 1} Whatever number you have in mind, we’re here to help, including finding a closing cost you’re comfortable with.

Give your savings a boost.

Building your savings doesn’t have to be a struggle. Learn how your money can work smarter, not harder, with an array of savings tips.

Stress free saving

Keep your savings on track with our handy calculator.^{Disclosure 2}

Take the guesswork out of your savings plan. Simply adjust your savings, interest rate, and more to see how long it will take to reach your goal.

Do the math

Learn how first-time homebuyers are financing their homes.

There are many ways to finance a first home, ranging from saving to family gifts. Check out some of the ways homeowners make financing possible.

First-time financing

Monthly Payment

Figure out what you can afford.

One of the most common questions people have while buying a home is, “Can I handle the monthly payment?” Our team can help you assess what you can afford and get you preapproved^{Disclosure 3} so you know exactly how much you can spend. Check out the information below to help you find a monthly payment you’re comfortable with.

How much will my mortgage payments be?

Many factors can determine your monthly mortgage payment. Use this handy calculator to estimate your total payment based on factors such as the purchase price, down payment, mortgage term, and interest rate.

Do the math

Get preapproved.

Being preapproved for a mortgage tells you how much you can borrow and shows sellers that you’re a credible buyer. In just a few clicks, you can request your free preapproval.

Get started

Keep balanced with the 30% rule.

A good rule of thumb to keep in mind when you’re crunching numbers is the 30% rule. This means you should not spend more than 30% of your gross monthly income (what you make before taxes) on your monthly payment.

What’s the 30% rule?

Total Expenses

Buying a house within your budget

Owning a home is a huge milestone—and one that leads to one of your biggest monthly expenses. To get a number you’re comfortable with, consider your other expenses (making room for the unexpected ones). Be sure to look at your entire financial picture before finalizing your loan.

How much home can I afford?

A home may be the biggest investment you’ll ever make. Be sure it’s a smart investment by asking yourself these questions before you start your search.

Find your price

Buying your first home? Start with a budget.

Starting your search with a budget—and knowing how to stick to it—is essential. Before you buy, check out these common budgeting best practices and learn what to expect from the homebuying process.

Start with a budget

Credit questions can loom large when you’re shopping for a new home. What’s my credit score? How much debt do I have? What about my student debt? We have all these answers and more. Learn what you need to move forward.

Credit Score

Combing through your credit report

You probably know your credit report and FICO® score^{Disclosure 4} are key components in securing your mortgage—but you may not know how to read it.

First, get your credit report at AnnualCreditReport.com. Look it over, checking for errors or unresolved issues. If you have questions, let us know. You can also find answers in the resources below. Issues can be resolved by contacting the appropriate credit-reporting bureaus—Experian, Equifax, and TransUnion.

Credit 101: How to build your credit

Even if you’ve had financial difficulties in the past, it’s never too late to turn your credit around. Learn the four ways you can start improving your credit score now.

Reading your credit report like a pro

When was the last time you checked your credit report? If you know what to look for, it’s possible you can catch errors and improve your creditworthiness. We’ll show you how.

Understand your credit

Avoid these common credit score mistakes

Understand how your credit score works to help boost your financial confidence.

Learn more

Student Debt

Don’t let school loans set you back.

If you have student debt, it likely counts as a big chunk of your budget—but that doesn’t mean it has to stand between you and your dream home. We can help you comfortably work in a mortgage payment while you continue to tackle your loans.

Have student loans? Here are 3 ways to prepare for homebuying.

Do you feel as if your student debt is holding you back? With these simple strategies, buying your first home may be closer at hand than you might think.

Be prepared

Manage your student debt and still buy a home.

It’s a myth that you can’t purchase a home while you’re paying off student loans. Allow us to clarify the process with these helpful tips for dealing with your debt.

Deal with debt

Total Debt

Don’t let debt hold you back from buying a home.

Having debt doesn’t mean you have to put off buying a home—you’ll just want to examine how it may impact your mortgage. While you’re looking at your debt, consider ways to consolidate to a lower rate and payment. This could help improve your debt-to-income ratio. We’ll show you how to calculate your ratio and manage debt.

Manage your debt and still buy a home.

Follow these insightful tips to make buying a home an option within your budget.

Manage debt

Catch errors in your credit report.

When was the last time you checked your credit report? If you know what to look for, it’s possible you can catch errors and improve your creditworthiness. We’ll show you how.

Check your report

The homebuying process comes with many questions. Having clear direction, choosing the right mortgage, and closing with confidence are all things we’re here to work on together.

Clear direction

Simplify your mortgage journey.

Whether it’s your first or your fifth, buying a home is an exciting time. Truist Mortgage can help simplify your journey, so you can feel confident every step of the way. We’ll answer every question you have and explain every detail. Plus, we’ll provide the latest technology and resources—like our easy online application.

Be prepared for homebuying by learning these 20 mortgage terms.

While going through the mortgage process, you’re bound to come across potentially confusing terms and acronyms. Educate yourself on the key deﬁnitions you need to know.

Know the terms

Experience a better mortgage application process.

Applying for a mortgage doesn’t have to be tedious or confusing. Our online mortgage application combines convenient technology with help from experienced loan professionals when you need it.

See how easy it is

What happens while you wait?

Waiting for your loan application to be approved can be the toughest part of the entire homebuying process. By understanding what’s happening behind the scenes—and how you can make it easier—you can set realistic expectations for yourself.

See what's next

Choices

When it comes to finding the right loan, you have options.

Different situations call for different loans. That’s why we’ll work with you to find the perfect fit to meet your needs—so you can feel confident and in control with your mortgage.

Mortgages aren’t one-size-fits-all.

Finding the right mortgage for your situation starts with understanding your options. See what they are.

Know your options

See past homebuying misconceptions.

Wondering what’s fact and what’s fiction? Our team can help you make sense of it all.

Get the facts

CLosing expectations

Close with confidence.

Having debt doesn’t mean you have to put off buying a home—you’ll just want to examine how it may impact your mortgage. While you’re looking at your debt, consider ways to consolidate to a lower rate and payment. This could help improve your debt-to-income ratio. We’ll show you how to calculate your ratio and manage debt.

Here’s what to know before closing on a home.

Closing is the final hurdle that stands between you and homeownership. But what actually happens? Learn the when, who, and what of closing day.

Understand the path to closing.

Check out our comprehensive guide for a road map of what you need to know, from applying for a loan to closing.

Close with confidence (PDF)

Plan for homeownership.

Looking for more information to help you confidently land your new place? Our Planning for Homeownership guide (PDF) will walk you through the process, step by step.

View our guide (PDF)

Finding the right home—and making it yours—starts with a little inspiration and a lot of support.

A little wisdom goes a long way.

Your payment history accounts for 35% of your credit score.^{Disclosure 4}

22% of buyers reported having student loan debt with a median amount of $30,000.^{Disclosure 5}

32% of first-time homebuyers received a gift or a loan put toward their down payment.^{Disclosure 6}

“There is nothing like staying at home for real comfort.”
– Jane Austen

Questions? We’re here to help.

We’re available Monday through Friday, 8 am to 8 pm, and on Saturday, 9 am to 1 pm.

Call us at 855-625-8773

Find the digital tools and support you need on your homebuying journey.

Get started today