What to Know Before Buying a Home in Prichard, AL

Busy? Have us call you back. Call Me Back

More Information

Exploring Prichard, AL From North to South

Strongly considering a home purchase in Prichard? Awesome! You picked a vibrant city with an ideal amount 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 across the country and know the Prichard housing market well.

Given all of Alabama's growth, Prichard homes aren't always easy to find at a comfortable price. Sustained support for local businesses and cultural growth have helped to entice entrepreneurs, retirees, and new graduates to the Prichard area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. That said, Prichard and the surrounding areas still offer an array of home styles and prices. You can find single-family homes, condos, townhomes, and (hopefully) your perfect home! When looking to buy a house in Prichard, consider the home's location in relation to your everyday activities. If possible, test drive your route to work, school, and the grocery store. The location of your house will impact virtually every part of your life. Traveling around Prichard will also give you an idea of why homes in west Prichard are priced differently than homes in east Prichard, what the neighborhoods are like, and where to find Prichard's hottest attractions.

Are you financially prepared to buy a house in Prichard? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We believe in keeping the dream of homeownership alive and work to make every stage of the journey more enjoyable and less worrisome. 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. Walk through the following steps to help you determine if you're financially ready to buy a home in Prichard.

Before anything else, estimate how much house you can afford. This will help you narrow your search when house hunting in Prichard. Next, map out your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). You don't need an exact amount for these expenses. Everyone's situation will differ, but a quick online search for average expenses in Prichard will usually point you in the right direction. Keep in mind that a mortgage payment could make up the majority of most homeowners’ monthly household expenses.

Then, 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 great rate and will allow you to avoid private mortgage insurance (PMI). Even so, the minimum down payment requirements depend on the type of loan. This is where getting prequalified for a mortgage comes in handy. Getting prequalified helps you know how much you might be eligible to borrow from a lender. Also, check your credit. Lenders place a high importance on credit history when looking at your mortgage application. You may be presented with more mortgage options if you have healthy credit— and more options are always good!

Make Your Move: Buy a Home in Prichard, AL

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But moving feels more rewarding when you get to live in a place like Prichard. Contact Mr. Cooper as you get ready to buy a house in Prichard. 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 Prichard, AL

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

Simplify the home buying or selling process in Prichard with Mr. Cooper.

Mr. Cooper works to save buyers and sellers money at every stage of their journey, from real estate commissions to closing costs.