HOME PURCHASE LOANS
Owning a home is about more than building equity. It brings stability, pride and a place to truly call your own. HomyLoan home purchase loans include fixed-rate and other mortgage options with down payments as low as 3% for qualified buyers. From mortgage pre-approval to closing, we simplify the process so you can move forward with confidence.
- Low down payment options
- FHA, VA, USDA and conventional
- One loan officer, start to finish
Fact versus fiction
Your down payment
Many people still believe you need a 20% down payment to buy a home. That simply isn't true. We offer many loan options that could work for your home purchase, and many require a much smaller down payment, though putting less than 20% down may mean paying mortgage insurance.
- Conventional
- From 3% down
- FHA
- From 3.5% down
- VA & USDA
- Often no down payment
For qualified borrowers, subject to credit approval and program guidelines.
Get a Quote
How it works
Buying your home in four steps
From pre-approval to closing, you work with one licensed loan officer who keeps things moving.
- 01
Get pre-approved
Share your income, assets and credit. Your loan officer reviews your options and gives you a pre-approval letter.
- 02
Find your home
Shop with confidence. Once your offer is accepted, an appraisal confirms the home's value.
- 03
Underwriting
The lender reviews your file against the program's guidelines. We keep you updated and help you clear any conditions.
- 04
Close and get your keys
Review your Closing Disclosure, sign at the title company and move in.
Your options
Home Purchase Loan Options
Finding the right mortgage matters. We offer a variety of home purchase loan programs for different budgets, credit profiles and homeownership goals. Our licensed loan officers will help you compare down payment requirements and choose the option that works best for you.
Down Payment Assistance
DPA programs may help cover your down payment and closing costs.
Explore Down Payment Assistance- Get pre-approved
Not sure which loan fits?
A licensed loan officer can compare programs with you based on your credit, income and savings.
Why HomyLoan
The HomyLoan Human Advantage
Buying a home is one of life's biggest decisions. At HomyLoan, you get dedicated human support every step of the way. We believe in a human-powered mortgage process, so you work with one caring, experienced loan officer from pre-approval to closing. We're here to answer your questions, explain your loan options and closing costs, and make your homebuying experience as smooth as possible.
Get a QuoteOne dedicated loan officer
The same NMLS-licensed person from pre-approval to closing.
Options explained plainly
Compare programs, down payments and closing costs in plain language.
Updates at every step
Know where your file stands and what's needed next.
Home purchase loan FAQs
Most buyers use a conventional, FHA, VA, USDA or jumbo loan. The right fit depends on your credit, savings, military service, the home's location and the loan amount.
It depends on the program. Some conventional loans allow as little as 3% down for qualified buyers, FHA allows 3.5% down with a 580+ credit score, and VA and USDA loans usually require no down payment for eligible borrowers.
A pre-approval is stronger. Pre-qualification is an estimate based on what you tell us, while a pre-approval reviews your documented income, assets and credit, subject to final underwriting.
Plan for closing costs, earnest money and prepaid items such as homeowners insurance and property taxes held in escrow. In Texas, property taxes can be a large part of the monthly payment, so ask your loan officer for an estimate early.
It varies. The timeline depends on the loan program, the appraisal, the title work and how quickly documents come in, and your loan officer will give you an estimate for your file.
No. HomyLoan is a licensed mortgage broker. We compare programs across a network of wholesale lenders, and your loan is funded by the lender you choose, subject to credit approval.
Homy is online
Ask Homy anything about home loans
Hi, it's Homy! I can explain loan programs, down payments and the steps to buy or refinance in Texas. For advice on your situation, a licensed loan officer is one tap away.
Homy gives general information, not a loan offer or approval. HomyLoan, LLC is a licensed mortgage broker, NMLS 2783307.
HomyHomyLoan assistantHomy is an automated assistant, not a loan officer, and answers are general information. Please don't share your Social Security number or account numbers in chat. How chat data is used