The Process of Buying a Home in Auburn, AL

Busy? Have us call you back. Call Me Back

More Information

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

Strongly considering a home purchase in Auburn? Great idea! You picked an energetic city with a dynamic selection of businesses, schools, restaurants and parks, and we're here to help make your house hunt, purchase, and move more streamlined. We service 3.8 million customers nationwide and know the Auburn housing market well.

Auburn is growing by the day, which means Auburn homes don't always come cheap. Continued cultural expansion and economic growth have helped to beckon entrepreneurs, retirees, and new graduates to the Auburn area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. That said, Auburn and its nearby areas still offer an array of home types and prices. You can find townhomes, condos, single-family homes, duplexes, and (fingers-crossed) your perfect home! When buying a home in Auburn, consider how near or far away the home is from the places you visit most. If you can, drive the route you'd take from the house to your school, office, and favorite hangout spot. Your home's location will influence almost every aspect of your life. Traveling around Auburn will also give you an idea of why homes in west Auburn are priced differently than homes in east Auburn, what the communities are like, and where to find Auburn's coolest attractions.

You're ready to buy a house in Auburn, but is your bank account? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. 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. You could choose to buy a home in Alabama or elsewhere. We serve experienced homeowners and first-time 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 Auburn.

Before anything else, estimate how much house you can afford. This will help determine the price range for your Auburn house hunt. Then, jot down your potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). It's okay if these numbers are educated guesses. Searching the web for Auburn averages will usually give you a solid estimate, though everyone's situation is different. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Next, look at how much money you can put toward a down payment. A down payment of at least 20% can help boost your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). That said, the required down payment will depend on the type of loan you get. This is where getting prequalified for a mortgage comes in handy. Prequalification points you in the right direction as far as how much you may be eligible to borrow. Also, check your credit. Credit history is one of the main factors that lenders look at when considering your mortgage application. The healthier your credit is, the more mortgage options you may have open to you— and options are always a good thing!

It's Go Time! Buy a House in Auburn, AL

As common as moving is, you'd think we'd all have figured out a less stressful way to do it. And yet, it remains a top stressor in life! But moving feels more rewarding when you get to live in a place like Auburn. Contact Mr. Cooper as you look to buy a home in Auburn. We're here to help you along the way and Mr. Cooper® Real Estate Rewards can even put you in touch with a vetted real estate agent who can potentially help you save thousands of dollars.*

Mr. Cooper Customer Reviews for Auburn, AL

Read actual reviews from actual Mr. Cooper customers in Auburn, AL. Then call us to see how we can help you.

Make buying or selling a Auburn home easier.

Put Mr. Cooper in your corner for a better home buying or selling experience.