All About Buying a House in Calera, AL

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Understanding the Calera, AL Housing Landscape

Strongly considering a home purchase in Calera? Awesome! You picked an energetic city with a great balance of parks, businesses, and educational opportunities, and we're here to help make your home purchase and move a little easier. We serve 3.8 million customers from coast to coast and have the inside scoop on Calera's housing scene.

Calera's amazing growth has made it a great place to live. But on the flip side, the growth has also led to a shortage of cheaper homes. Sustained cultural expansion and economic growth have helped to attract entrepreneurs, retirees, and new graduates to the Calera area, but so much change also means a strain on housing options, school capacities, and city roads. Even so, Calera and its neighboring areas still offer a wide range of home types and prices. You can find townhomes, condos, single-family homes, duplexes, and (hopefully) your perfect home! When looking to buy a house in Calera, consider the home's location in relation to your everyday activities. If you can, drive the route you'd take from the house to your school, office, and favorite hangout spot. Your house's location will affect everything, from your morning routine to how you spend your evenings. Traveling around Calera will also give you an idea of why homes in west Calera are priced differently than homes in east Calera, what the communities are like, and where to find Calera's coolest attractions.

Are you financially prepared to buy a house in Calera? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We believe in keeping the dream of homeownership alive 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 new and experienced homeowners alike. Start with the following steps to help you determine if you're financially ready to buy a home in Calera.

Before anything else, calculate how much house you can afford. This will help you narrow your search when house hunting in Calera. Next, add up the potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). It's okay if these numbers are educated guesses. Everyone's situation will differ, but a quick online search for average expenses in Calera will usually point you in the right direction. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Next, look at how much money you can put toward a down payment. Putting at least 20% down will improve your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). Even so, down payment requirements can differ depending on the loan type. 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, take a good look at your credit. Credit history is one of the main factors that lenders look at when considering your mortgage application. The better your credit is, the more mortgage options you may be presented with— and more options are always good!

Make Your Move: Buy a Home in Calera, AL

Moving remains one of the biggest stressors, despite being a practically universal experience. But moving can also be incredibly rewarding, especially when you get to live in an amazing city like Calera. Contact Mr. Cooper as you look to buy a home in Calera. 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 Calera, AL

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

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