Get preapproved for a Truist mortgage.

New homebuyer? You’re up next.

It’s time to come off the sidelines. Find the answers to give you confidence—and the resources you need to become a first-time homebuyer.

Your homebuying questions—answered

Whether it’s your next step (or first step), buying a home gets easier with the right information.  

The first question you may be asking is: when am I considered a first-time homebuyer? Obviously, if this is your first time buying a home, then you are a first-time homebuyer (congrats!). But, you’re technically considered a first-time homebuyer if you haven’t owned a home in three years or more (congrats to you as well!). Whichever definition applies to you, this homebuying guide is structured to help you put your best foot forward as you look to buy your first—or first in a while—home.

Homeownership readiness

Buying a home is one of the biggest financial decisions you’ll make. There are many factors to consider before becoming a homeowner.

Homeownership affordability

Wondering how much house you might be able to afford? We’ll help you understand the full cost of buying­­­­—and owning—a home.

Starting your home search

Finding your dream home is the exciting part. Here’s a checklist of things to consider as you start your home search.

After you’ve found your home

Congrats – but there are still a few things to know about preapprovals and making a compelling offer on your home.

Qualifying for a loan

Your mortgage lender will review your situation to determine your ability to handle the increased financial responsibility of buying a home. Here’s what matters most.

Types of mortgages

From fixed-rate to adjustable-rate mortgages and government loans to conventional mortgages, there are options to fit your specific needs.

Applying for a loan

It’s time to gather the right documents and lock in your interest rate.

Preparing for closing

You’re getting close to being a homeowner, but there’s still work to be done.

Planning tools

Monthly household budget worksheet

Here’s how to understand your monthly budget.

Budget worksheet (PDF)

Monthly loan amount worksheet

Know how much you can afford to borrow.

Loan worksheet (PDF)

Truist preapproval contact form

Getting preapprovedDisclosure 1 for a mortgage can save time.

Get preapproved

Learn how much home you might be able to afford.Disclosure 2

Let us help get you into the home you want.

We're here for you. We hope this guide helped you get an overview of the home financing process and answered your questions about mortgage loans. You'll likely have more questions—and that's exactly why we're here. Reading this guide has prepared you for your first meeting with a mortgage loan officer.

Contact us today

Whether you’re ready to buy or just thinking about it, it’s never too soon to start a conversation with one of our loan professionals. 

Locate a Truist loan professional near you

Or call us at 844-454-1933.

Current mortgage rates

See a rate that works for you? Mortgage rates can change tomorrow, so start your application and talk with a mortgage professional about rate lock options.

Check current rates

Homebuying assistance

There may be ways to make buying a home more affordable. Check out the most common options and talk with our mortgage professionals to find out what else is out there.

Know your options
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Disclosure 1 Preapproval is based on non-verified information and is not a commitment to lend by Truist Mortgage. Loan approval will be subject to, but not necessarily limited to, verification of all income, asset and liability information provided by you, satisfactory property appraisal, compliance with Truist Mortgage loan program guidelines and all required closing conditions such as survey and title examination.

Disclosure 2 This calculator is made available by one or more third party service providers. It is not intended to be an advertisement for a product or service at any of the terms used herein. It is not intended to offer any tax, legal, financial or investment advice. All examples are hypothetical and are for illustrative purposes. Truist Financial Corporation ("Truist") and its affiliates do not provide legal or tax advice. Truist cannot guarantee that the information provided is accurate, complete, or timely. Federal and state laws and regulations are complex and are subject to change. Changes in such laws and regulations may have a material impact on pre- and/or after-tax investment results. Truist makes no warranties with regard to this calculator or the results obtained by its use. Truist disclaims any liability arising out of your use of, or any tax position taken in reliance on, this calculator. Always consult an attorney or tax professional regarding your specific legal or tax situation.

Disclosures

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Investment and Insurance Products:

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  • May Lose Value

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Services provided by Truist Financial Corporation (Truist) affiliates: Banking products and services, including loans and deposit accounts, provided by Truist Bank, Member FDIC. Trust and investment management services provided by Truist Bank. Securities, brokerage accounts and/or annuities offered by Truist Investment Services, Inc., an SEC registered broker-dealer, and member FINRA and SIPC, and a licensed insurance agency. Investment advisory services offered by Truist Advisory Services, Inc. and GFO Advisory Services, LLC, SEC registered investment advisers. Some insurance products offered by Truist Investment Services, Inc. Other insurance products offered by Marsh & McLennan Agency, LLC (as successor in interest to McGriff Insurance Services, LLC) CA License #0H18131, Kensington Vanguard National Land Services, and Crump Life Insurance Services. Truist Life Insurance Services (TLIS) is a division of Crump, Arkansas License #100103477. Variable insurance material is for broker-dealer or registered representative use only. Variable products distributed by P.J. Robb Variable, LLC, Arkansas License #100110185. Member FINRA.

Marsh & McLennan Agency LLC, Kensington Vanguard National Land Services, Crump Life Insurance Services, Truist Life Insurance Services, and P.J. Robb Variable, LLC are not affiliated with Truist Financial Corporation or any of its subsidiaries.

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Applications, agreements, disclosures, and other servicing communications provided by Truist Bank and its subsidiary businesses will be provided in English. As a result, it will be necessary for customers to speak, read and understand English or to have an appropriate translator assisting them. Please note that Truist provides translations of webpages, documents and disclosures as a courtesy and in the event of any inconsistencies or discrepancies between the English content and the translated content, the English content supersedes the translation. Truist offers phone support in Spanish at 844-4TRUIST (844-487-8478), option 9. For assistance in other languages, please speak to a representative directly.

New York City residents:

Translation or other language access services may be available. When calling our office regarding collection activity, if you speak a language other than English and need verbal translation services, be sure to inform the representative. A description and translation of commonly-used debt collection terms is available in multiple languages at http://www.nyc.gov/dca.

Borrowers with Limited English Proficiency (LEP) needing information can use the following resources:

The Consumer Finance Protection Bureau (CFPB) also provides additional resources for homeowners seeking payment assistance in select languages at: https://www.consumerfinance.gov/housing/housing-insecurity/help-for-homeowners/

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