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Finding a mortgage is one of the first steps involved in buying a home. The Department of Housing and Urban Development (HUD) is the nation's housing agency. They have a helpful list of 9 steps to buying a home, which includes figuring out how much you can afford, knowing your rights, shopping for a loan, making an offer, getting a home inspection, and much more.
One of the first steps you'll take in buying a home is shopping for a loan. There are many sites that can help you find a housing loan:
To calculate your potential mortgage and costs, you can use the mortgage calculator from GinnieMae. The Federal Reserve Board has a mortgage comparison calculator to help you compare the monthly payments and the amount of equity you will build in your home for several kinds of fixed and adjustable rate mortgages. Check the tips that HUD provides to avoid loan fraud and predatory lenders. The Federal Reserve also has a great collection of featured publications and resources on mortgage facts and tips.
There are many home buying programs to help you:
Page Last Reviewed or Updated: February 14, 2013