Buy a Home
Your next chapter begins with the perfect home
From determining your budget to closing on your dream home, we’re here to guide you every step of the way.
Get Started with Pre-Approval Today!
If you’re thinking about buying or are currently in the market for a new home you need to be prepared to move quickly and stand out.
Our Exclusive Homebuying Advantages
Explore the Purchase Promise benefits and our exclusive suite of services designed to simplify your homebuying experience!
Ready to search for your next home? Start with a PHH Mortgage Pre-Approval.
- Determine Your Budget: Determine how much you may qualify for and save time by narrowing your search
- Increase Bargaining Power: Stand out amongst other buyers by showing you are ready to make a serious and competitive offer
- Speed Up Buying: Move quickly once you find a home, because we’ll already have most of your financial information
Find your next home with Haven, our real estate portal. It’s quick, seamless access to local listing with all the details you need to find the right home.
- Find your next home and search by city, zip or neighborhood. Save homes and searches. Get stats on the neighborhood and schools.
- Find out what your current home is worth and market trends in your area.
- Learn about the Cash Rewards you can receive by utilizing an Expert Edge Realtor.
PHH Mortgage Corporation (PHH) is a mortgage lender and does not offer real estate services. Haven is the name of the website facilitated by PHH that provides an additional service to you, and allows you to search for homes, see current home valuations and find a real estate agent. Realtor services are offered through a third-party, HomeAdvantage, and HomeAdvantage is not an affiliate of Onity Group or its subsidiary, PHH. Onity Group or its subsidiary, PHH Mortgage Corporation, are not responsible for the payment of the Cash Rewards. No mortgage lending activity takes place on the Haven website.
Whether selling or buying, Expert Edge matched you with expert real estate agents in your area. Then, by using one of our network agents, you can earn thousands in cash rewards when you close.
PHH Mortgage Corporation (PHH) is a mortgage lender and does not offer real estate services. Expert Edge is a realtor interface, which consists of highly qualified real estate agents who are part of third-party networks. Realtor services are offered through a third party, Home Advantage or Clever Real Estate, Inc. ("Clever"), that are not affiliates of Onity Group or its subsidiary, PHH. Use of Expert Edge is an optional service and not a requirement of any loan. Onity Group or its subsidiary, PHH Mortgage Corporation, are not responsible for the payment of the cash rewards. No mortgage lending activity takes place through the Expert Edge interface.
With Lock & Shop, your rate is protected while you search for your next home, and if rates drop, you can take advantage with a one-time float down.
- Get Pre-Approved with PHH Mortgage for a new home purchase loan
- Lock today's rate for up to 90 days, while you look for your next home
- If rates go up, you're protected, and if rates drop, you can lower yours with a one-time float-down option
²Float-Down option will be available one-time. A fully executed Purchase contract/agreement must have been delivered to PHH Mortgage and the float-down must be exercised no later than 10 days prior to closing and/ or initial closing disclosure has not been sent. The new rate must be .25% lower than the lock and shop rate. The loan program and term must be Standard Conforming or Government Fixed-Rate with 15, 20, 25 or 30-year terms. The float-down option may not be transferred to another lock, borrower, property or loan program.
If you’re a current PHH Mortgage homeowner, you have the option to transfer the escrow balance from the home you're selling to the home you're buying!
- Easier Setup: You don't have to worry about transferring funds
- Cost Savings: No fees or costs required to set up a new account
- Less paperwork: Less documentation needed since you're already a PHH customer!
Escrow Transfer requires that customers are selling a property that is currently serviced by PHH Mortgage and has a positive escrow balance. The house being sold must close within 9 days of the closing of the house being purchased. All individuals listed on the current mortgage must remain the on the new mortgage. Additional limitations may apply.
When you find that next home, there is nothing more critical than getting to closing on time. That’s why we guarantee that you will close on time, or we’ll give you $1,500! PHH Mortgage has created a process that caters to your preferences, and makes homebuying as stress-free as possible, including options for:
- Digital loan application
- Digital asset verification
- Email updates at major milestones
- Hybrid E-closing options
With an PHH Mortgage Rate Redo, you can buy your home now with confidence- if rates drop within 12 months, you can refinance, and we'll cover your lender fees. That's up to $1500 savings!
What is the homebuying process?
Meet with a loan officer
Get a pre-approval and show you’re serious about buying — it can give you an advantage over other home shoppers.
Find a home
Meet with your agent to determine your wants and needs. Go in search of your perfect home 3-6 months before you intend to buy.
Your agent can help you be realistic about “perfect”:
- Cosmetic fixes vs. structural issues
- Neighborhood crime rates
- Quality of the schools
- Property taxes
- Proximity to major interstates and public transportation
Explore the key steps and considerations to make on how to find the right home for you and your family.
Make an offer
Once you find your dream home, work with your agent to negotiate a price and schedule a home inspection.
- Your agent will know how much other homes are selling for in the neighborhood and will fight for the fairest price
- The inspection will confirm there aren’t any hidden problems with the foundation, plumbing, heating, cooling, and electrical systems
- If you want anything that’s not nailed down to be included in the sale, especially the appliances, it must be stated in the contract
Apply for a mortgage
Your application will provide us with any remaining financial information we’ll need and lock your interest rate until the closing date.
Underwriting and appraisal
We’ll verify your application information, assess your credit and collateral, and order an appraisal to ensure you’re not overpaying.
The underwriting process:
- An underwriter will complete an initial review within 48 hours
- If any conditions are required, we’ll work with you to clear conditions within 2 days
- Your loan will return to an underwriter for final review and a clear to close (CTC)
- The processor will inform all parties of the CTC and verify the closing date and time
Get to know the mortgage underwriting process, from pre-underwriting documents needed to how long the process takes.
Closing
Time to celebrate! After all the paperwork is signed, you’ll receive the keys to your new home!
Arrive prepared:
- Plan to review the final documents to confirm the rate and loan amount
- Bring a cashier’s check to cover the closing costs and down payment
- Bring your photo ID and possibly a Social Security card to confirm your identity
How can you initiate a home buying process? Begin with a free pre-approval.
There’s no time like right now to find out if you qualify. Getting pre-approved for a mortgage is easy. We’ll just need your contact information so that we can help you start the loan process. There’s no obligation, so get started now to learn how PHH Mortgage can help you.
Find the Right Solution for Your Homebuying Needs
How do I Get Pre-Approved?
Gain confidence and a competitive edge in your home search.
How Much Home Can I Afford?
Crunch the numbers to determine how much you can afford.
