In the USA, most people need to get a loan from their bank if they want to buy a home. A loan for buying a home is called a mortgage.
To apply for a mortgage, your history in the USA of paying bills and paying back loans on time, is one part of how US banks decide on whether to approve you for a mortgage. If you are new to the US, there are programs that may help you qualify for a mortgage, even if you do not have US credit history.
If you are thinking about buying a home but have not found the right home yet, it is still a good idea to talk to a mortgage agent now and get pre-approved and lock in a fixed rate.
Having a preapproval letter shows home sellers and real estate agents that you’re a serious buyer, and can give you an edge over home shoppers who haven’t taken this step yet.
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