All About Buying a House in Troy, AL

Busy? Have us call you back. Call Me Back

More Information

Understanding the Troy, AL Housing Landscape

Thinking about buying a home in Troy? Great idea! You've chosen an energetic city with a dynamic selection of businesses, schools, restaurants and parks, and we're here to help make your home purchase and move a little easier. We serve 3.8 million customers across the country and know the Troy housing market well.

Troy'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. Ongoing support for local businesses and cultural growth have helped to attract entrepreneurs, retirees, and new graduates to the Troy area, but so much change also means more traffic, more competition, and a need for more schools. That said, Troy and its neighboring areas still offer a variety of homes in price and amenities. You can find townhomes, condos, single-family homes, duplexes, and (fingers-crossed) your dream home! When looking to buy a house in Troy, double check that you're factoring in the home's distance from your daily activities. If you can, test drive your trip from the house to work, school, and the grocery store. Your home's location will influence almost every aspect of your life. Discovering different parts of Troy will help you see how the northern part differs from the southern part, what the neighborhoods are like, and where to find Troy's hottest attractions.

Are you financially prepared to buy a house in Troy? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We believe everyone can find their dream home 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 help new and experienced homeowners alike. Start with the following steps to help you see if you're in a good financial position to buy a house in Troy.

First, estimate how much house you can afford. This will help you narrow your search when house hunting in Troy. After that, map out your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). No need to have an exact amount. Everyone's situation will differ, but a quick online search for average expenses in Troy will usually point you in the right direction. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

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). That said, down payment requirements can differ depending on the loan type. 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, 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!

Make Your Move: Buy a Home in Troy, AL

Moving remains one of the biggest stressors, despite being a practically universal experience. But moving feels more rewarding when you get to live in a place like Troy. Contact Mr. Cooper as you prepare to buy a house in Troy. We're here for you from start to finish and Mr. Cooper® Real Estate Rewards can even connect you with a high-performing real estate agent who may be able to help you save thousands.*

Mr. Cooper Customer Reviews for Troy, AL

Take it from these Mr. Cooper home buyers and sellers in Troy, AL: We love helping homeowners. Call now to see how we can serve you.

Make buying or selling a Troy home easier.

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