All About Buying a House in Athens, AL

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Get Familiar with the Lay of the Land in Athens, AL

Thinking about buying a home in Athens? Awesome! You've chosen a lively city with a great balance of parks, businesses, and educational opportunities, and we're here to help the home purchase process go a little smoother. We service 3.8 million customers across the country and are familiar with the ins-and-outs of the Athens housing market.

Athens is growing by the day, which means Athens homes don't always come cheap. Sustained economic growth and cultural expansion have helped to entice entrepreneurs, retirees, and new graduates to the Athens area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Despite this, Athens and the surrounding areas still offer a variety of home styles and prices. You can find single-family homes, condos, townhomes, and (fingers-crossed) your perfect home! When buying a house in Athens, consider the home's location in relation to your everyday activities. If possible, test drive your trip from the house to work, school, and the grocery store. Your house's location will affect everything, from your morning routine to how you spend your evenings. Exploring Athens will also help you get a feel for how homes in east Athens differ from west Athens, what the neighborhoods are like, and where to find Athens's hottest attractions.

Are you financially prepared to buy a house in Athens? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We think the dream of homeownership should never fade and work to make the journey less worrisome and more rewarding every step of the way. It doesn't matter whether you want to buy a home in Alabama or somewhere else entirely. We support first-time homeowners and experienced homeowners alike. Start with the following steps to help you figure out if your finances are in the right place to buy a house in Athens.

Before anything else, calculate how much house you can afford. This will help you set a price range while house shopping in Athens. After that, jot down your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). No need to have an exact amount. While everyone's situation is different, an online search for Athens averages will usually give you some solid estimates. Keep in mind that a mortgage payment could make up the majority of most homeowners’ monthly household expenses.

Now, consider how much you can contribute to a down payment. Placing a minimum of 20% down can boost your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). Even so, down payment requirements can differ depending on the loan type. Here's where it can help to get prequalified for a mortgage. Getting prequalified helps you know how much you might be eligible to borrow from a lender. Also, take a good look at your credit. Credit history is an important part of your mortgage application. You may be presented with more mortgage options if you have healthy credit— and options are always a good thing!

Move Up and Out: Buying Your Dream House in Athens, AL

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But moving can also be incredibly rewarding, especially when you get to live in an amazing city like Athens. Contact Mr. Cooper as you prepare to buy a house in Athens. We're here to help you along the way and Mr. Cooper® Real Estate Rewards can even connect you with a top-performing real estate agent who can potentially save you thousands.*

Mr. Cooper Customer Reviews for Athens, AL

Read real stories from real Mr. Cooper home buyers and sellers in Athens, AL. Then contact us to see what we can do for you.

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