Get matched with the best home purchase loan in minutes
Compare conventional, FHA, VA, and jumbo options with one quick quiz. Personalized scenarios based on your credit, income, and savings.
Borrowers approved
18K+
Average time to offer
24 hrs
Finance your next home with confidence
A purchase mortgage covers the cost of buying a primary residence, second home, or investment property. RateRoots compares conventional, FHA, VA, and jumbo programs so you can secure a competitive rate without juggling multiple applications.
Purchase loan vs. cash offers
Purchase loan
Finance up to 97% of the purchase price with predictable monthly payments.
- Build equity while you pay
- Preserve savings for upgrades and emergencies
- Potential tax advantages
Cash offer
Pay entirely out of pocket to avoid financing costs and close faster.
- No monthly payments, but capital is tied up
- Limited leverage for future investments
- Harder to access liquidity
How the purchase loan process works
Take the quiz
Share credit, income, and down payment details.
2 minutesCompare offers
Review programs from our vetted lending marketplace.
Same dayVerify documentation
Upload pay stubs, bank statements, and credit reports.
Close with confidence
Lock your rate and finalize with your dedicated specialist.
Minimum purchase loan qualifications
Credit score
620+
580+ for FHA with compensating factors
Down payment
3%+
Higher equity improves pricing
Debt-to-income
≤ 50%
Includes housing + recurring debts
Time in employment
24 months
Two years of stable income preferred
Estimate your monthly mortgage payment
Adjust loan amount, rate, and term to preview your budget before you shop homes.
Average buyer savings
$312 /mo
vs. national rate benchmarks
Lenders compared
45+
Direct, wholesale, and portfolio partners
Customer rating
4.9/5
Verified Trustpilot reviews
Frequently asked questions
Ready to get pre-approved?
Complete the purchase quiz to compare offers tailored to your budget.
No credit impact to view personalized scenarios.