Buy A Home
Whether you’ve already found the perfect home or you’re just starting your homebuying journey, you’ve come to the right place. From determining how much you can afford and being ready to put in an offer when you find the right home to closing on time, we’ll make sure you are prepared for every moment.
And when you’re ready, you’ll be able to get Pre-Approved quickly, Lock in a competitive rate, Shop confidently, and Close on time - guaranteed. That’s our PHH Purchase Promise to you! Our easy process and exceptional service make purchasing your next home smooth and simple - as it should be.
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Ready to search for your next home? Start with an PHH 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.
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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.
- 96% of clients recommend their Expert Edge Agent!
- Our agents will get you top dollar for your home or get you the best deal on your purchase.
- Based on a $400,000 home and 2.5% realtor commission, your rebate would be $3,000 (certain state restrictions apply)
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 the HomeAdvantage network. Realtor services are offered through a third-party, HomeAdvantage, and HomeAdvantage is not an affiliate 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 PHH 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.
How Does It Work:- Get Pre-Approved with PHH 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
¹Lock and Shop option is only available for borrowers who have been Pre-Approved with PHH for a new purchase loan. A property address cannot have been provided yet. Valid for standard, Conventional and Government Fixed-Rate products only, not applicable for Jumbo loans. Lock and Shop option not available for properties located in MA or OR. Upon expiration of the initial lock period, and extension will be available. Upon expiration of the extension period, if the loan has not yet closed, the lock will be invalid and will require a new lock, subject to worst-case pricing.
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.
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 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 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
The PHH Purchase Close-on-Time Guarantee is our assurance that you will get to closing on time. If your closing date is missed, you will receive a $1500 credit toward closing costs. To be eligible for the Close-on-Time Guarantee, the contract closing date must be at least 25 calendar days after we receive a completed mortgage application, supporting documents, and a fully executed purchase agreement. It is required that you create an account and submit all documentation through PHH Mortgage's digital loan portal and that all requested items are returned within 24 hours. Eligibility may be impacted by changes in dates or loan terms, changes to credit, income or employment, or failure to meet any contractual requirements from the buyer/seller. The loan must be an PHH approved purchase loan product and meet investor guidelines. This offer is not eligible in states where PHH is not currently licensed. If we do not close on time and all requirements of the guarantee listed above have been met, you will receive lender credits totaling $1500.
With PHH 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!
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The lender credit is only available to borrowers who qualify for a new mortgage loan through PHH Mortgage. To be eligible for the RateRedo, the initial loan application must be a funded loan with a completed application date on or after April 15, 2024 and before March 31, 2025. The subsequent refinance must be on the same property as the initial loan and have an application date within twelve months of the initial loan’s fund date. The credit of up to $1,500 will be provided as a general lender credit or credited towards specific closing costs as reflected on the final Closing Disclosure. One-time RateRedo per property. Lender credit not to be combined with any other offers. Credit may be less than $1,500 on certain loans due to program requirements. Lender credit does not apply to FHA Streamline and VA IRRRL loans as specific closing costs do not apply on those loan types.
Purchase Calculator
Want to know how much home you can afford? Just answer a few simple questions and we'll show you an estimate that includes the projected loan amount for which you may qualify, the monthly payments and other important figures.
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You can afford a house up to:
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Results are based solely on the information you have provided; product may not be available for all terms entered. These calculations are provided for illustrative purposes only and do not reflect any closing costs or down payment. If mortgage insurance payment is listed, illustrative payment is based upon a conforming fixed loan for owner occupied, 1 unit dwelling for a borrower with a credit score greater than 760. This is not a credit decision or a commitment to lend. Please contact an experienced loan consultant at (800) 449-9536 for more accurate and detailed information.
