Looking to buy a home?

We have made mortgages simpler and easier for you! This buyer’s guide has everything you need to know before becoming a homeowner.

Buy your dream home with confidence!

When you can say

I have reasonable credit.

I'm financially stable.

I have a steady job.

I have money saved for more than just my down payment.

Get Ready to Buy a Home in 4 Simple Steps

Buying a home is one of the biggest decisions you will ever make. Crossing these items off your list will
make it easier for you to finance the home of your dreams:

Step 1

Get the right credit score

Make sure you have an ideal credit score to get immediate pre-approvals and low mortgage rates. A clean credit report can help you save thousands.

Step 2

Save your down payment

Usually a down payment of 15 % to 20% doesn’t require PMI(Private Mortgage Insurance). Don’t worry! You can buy a house even with at least a 10% down payment.

Step 3

Identify the best mortgage for you.

We offer products for different homes, credit, and income profiles. Do quality research to understand the various loan options & know the benefits & limitations.

Step 4

Determine your budget.

Estimate how much can you afford to make sure buying a house works for you financially.

#5 Questions to ask yourself before you buy!

Buying a home is a brilliant idea to transform your valuable rent payments into mortgage payments.

US Mortgage Corporation Proprietary Products

When you are in a rush and time is not on your side, our accelerated 12 business days closing is the solution. Learn more about our RUSH12 Mortgage Product.

Commitment to closing your loan on time, Every time!
With our in-house Operations and our cutting edge technology we are able to guarantee your Mortgage will close on time.

Get Pre-Approved.  Shop with Confidence for a Home.  Make Offer. Buy Your Home. Let Sellers know that you have already secured solid financing and can close on-time.

1. What’s your financial health?

Review your expenses, maintain a high credit score, and check your savings. 

2. Which home fits your budget & requirement?

US Mortgage lenders have different housing options from single-family, duplex or condominium, etc.

3. What features you are looking for?

Make a checklist including size, bathroom layout, kitchen appliances, neighborhood, or other features.

4. How much mortgage can a lender offer to me?

Make a checklist including size, bathroom layout, kitchen appliances, neighborhood, or other features.

5. How much home can you afford?

Always consider the property taxes, homeowners insurance, and total cost of the house than just monthly installment.

Do you have clear answers to all these questions? If yes, US Mortgage
Corporation will help you with the home buying process!

What comes first Selling your home or Buying the one?

One of the most horrifying questions! Selling an existing home to buy a new one doesn’t always go according to plan.  Luckily, we have been in business for over 24 years and have helped thousands and thousands of home buyers to come out of this tricky situation. With our knowledge and experience, we can guide you through the loan process from beginning to end.

The Home Buying Process

Time to Search, Buy & Move!

Find a home

Look for a home that you can add value to! Don’t walk in an open house without your agent.

Secure Financing

Discuss with our loan advisor; first-time buyers have a diverse range of finance options to choose from!

Get Pre-Approved

Shop around for the right lenders even if you qualify for a single loan. Have a backup lender ready keeps the process!

Make an Offer

Before you submit an offer, review your budget, and hidden costs such as home inspection, insurance, taxes, and association fees.

Home Inspection

The trained professional can reveal the quality, safety, overall condition, and some serious defects not disclosed by the seller.

Close or Move on!

The last step is to close the deal that ends with additional cost & mortgage paperwork( loan origination fees, title insurance, surveys, taxes, etc.)

How much House can I Actually Afford?

Use our no-obligation Mortage Calculators

Check out our user friendly Home Affordability Calculator to assess your debt-to-income ratio, down payment, loan amount,
and mortgage payment all at once. It’s just like having your own personal adviser at the click of a button.
Use our Mortgage Calculators to quickly and easily see current mortgage rates and determine what works for you.

To Understand the different types of Home Loans

We’ll help you choose the right Home Loan for your new home!


A conventional mortgage is a home loan that falls under the conforming loan limit of $453,100 (which is set annually by the Federal Housing Finance Agency)


Federal Housing Administration (FHA) loans require minimum credit scores and down payments to as low as 3.5%* as compared to conventional loans. Buyers also need to pay MIP (mortgage insurance premium).


Loans for premium real estate areas that exceed the conventional conforming loan limits (ranging between $453,100-$679,650 depending on area)

Adjustable-Rate Mortgage (ARM)

The best option if you are planning to stay only for a few years. The interest rates keep on fluctuating over time with ARM. Your monthly installment can be low or high as per the market rate.


Regulated by the U.S. Department of Agriculture, these loans are sanctioned to buyers interested in eligible rural areas. USDA doesn’t need any down payment, all it takes is MI(mortgage insurance).


Loans for veterans, servicemembers, or surviving spouses. With qualifying income and credit, you can buy a primary residence with no down payment,and low mortgage rates.


It depends on your income and savings. Mortgage lenders have multiple loan options to offer based on your local area. If you already have enough cash, it will take only a few days. Or, it can take years if you have a low credit score and down payment. You can contact our loan officer at (800) 562-6715 or email at info@usmortgage.com

  • Location/ Zipcode
  • Annual income
  • Employment status
  • Total down payment you saved
  • Your budget
  • Property type (single-family, condo, or others.)
  • Credit score

According to the U.S. Department of Housing and Urban Development (HUD), first-time buyers must meet any of the following conditions:

  1. The buyer must have not owned the home for at least three years. 
  2. Married couples can buy a place together as first-time homebuyers even if one of the spouses owns the home.
  3. A single parent is eligible to buy the first home.
  4. Displaced homemakers who own a home only with a spouse.
  5. A person who owns a principal residence but is not permanently affixed to a permanent foundation as per the regulations.
  6. A person who owned a property that was not in compliance with state, local, or model building codes.
  1. Tax returns
  2. Recent bank statements
  3. W2s and/or 1099s
  4. Recent paystubs
  5. Residence history
  6. List of debts (Credit cards, car loans, or student loans).
  7. list of your assets (investment or retirement accounts)

So, are you ready to buy a house?

There is nothing like enjoying the status of a homeowner. So, contact US Mortgage Corporation today to get
an immediate mortgage preapproval. You can also download the USM App to reach us anytime & anywhere!