Abstract: The ultrasonic homing assembly includes a base unit that may be coupled to a boat anchor. A base processor is coupled to the base unit. A transmitter is coupled to the base unit. The transmitter is operationally coupled to the processor. The transmitter transmits a location signal. A remote unit may be worn by a diver. A remote processor is coupled to the remote unit. A receiver is coupled to the remote unit. The receiver is operationally coupled to the remote processor. The receiver receives the location signal from the transmitter. A display is coupled to the remote unit. The display is operationally coupled to the processor. The display directs the diver toward the base unit. The diver swims toward the boat anchor.