Skip to content

SuperMoney: Budgeting AI

Financial calm, Finally.

Get
Home

Home Purchase Mortgages

A home loan, also known as a mortgage, is a loan that is used to finance the purchase of a home. These loans are typically offered by banks, credit unions, and other financial institutions, and can be used to buy both existing and new homes. Continue Reading Below

Content Types

  • Industry Studies
  • Encyclopedia
  • Articles
  • About Topic

Related Topics

Industry Studies

2026 Mortgage Industry Study Thumbnail

2026 Mortgage Industry Study

Andrew Latham

Encyclopedia Articles

Discover the definition of financial terms related to home purchase mortgages.

What Is A Non-Qualified Mortgage (Non-QM Loan) Thumbnail

What Is A Non-Qualified Mortgage (Non-QM Loan)

SuperMoney Team

What is a Straight Loan in Real Estate? Thumbnail

What is a Straight Loan in Real Estate?

Camilla Smoot

What Is an 80-10-10 Mortgage Loan and How Does It Work? Thumbnail

What Is an 80-10-10 Mortgage Loan and How Does It Work?

David Hodges

What is a GSE Mortgage? Thumbnail

What is a GSE Mortgage?

David Hodges

What Is a Growing-Equity Mortgage? Thumbnail

What Is a Growing-Equity Mortgage?

Lacey Stark

What is a Deed-Restricted Community? Everything You Need to Know Thumbnail

What is a Deed-Restricted Community? Everything You Need to Know

Camilla Smoot

What Is a No-Closing-Cost Mortgage? Pros and Cons Thumbnail

What Is a No-Closing-Cost Mortgage? Pros and Cons

Jacob Wilson

Page 10 of 10

Previous678910Next

Learn About Home Purchase Mortgages

Thumbnail for Blog Article: Leaseback On a House: Pros & Cons Explained

Leaseback On a House: Pros & Cons Explained

Lacey Stark

Thumbnail for Blog Article: ARMs Hit 11% of Mortgage Locks at 7.3% Rates. When a 7/1 Saves Money and When It Bites

ARMs Hit 11% of Mortgage Locks at 7.3% Rates. When a 7/1 Saves Money and When It Bites

SuperMoney Team

Thumbnail for Blog Article: Adjustable-Rate Mortgages Are Back at 10.3% of Applications. Is a 6.43% ARM Worth the Risk Over a 7.40% Fixed Rate?

Adjustable-Rate Mortgages Are Back at 10.3% of Applications. Is a 6.43% ARM Worth the Risk Over a 7.40% Fixed Rate?

SuperMoney Team

Thumbnail for Blog Article: How Much Equity Can I Have In My Home And Still File Chapter 13

How Much Equity Can I Have In My Home And Still File Chapter 13

Benjamin Locke

Thumbnail for Blog Article: Home Equity Loan To Buy Land

Home Equity Loan To Buy Land

Benjamin Locke

Thumbnail for Blog Article: What Are Reverse Mortgage Requirements?

What Are Reverse Mortgage Requirements?

Benjamin Locke

Page 1 of 42

12345Next

About Home Purchase Mortgages

A home loan, also known as a mortgage, is a loan that is used to finance the purchase of a home. These loans are typically offered by banks, credit unions, and other financial institutions, and can be used to buy both existing and new homes. The terms of a home loan will vary depending on the lender, the type of loan, and the borrower's creditworthiness. In general, home loans involve borrowing a large sum of money and agreeing to repay it over a set period of time, typically 15 or 30 years. The borrower will also be required to make regular payments of interest and principal, which are used to pay down the loan balance and eventually pay off the loan in full.