What to Know Before Buying a Home in Lake Havasu City, AZ

Busy? Have us call you back. Call Me Back

More Information

Get Familiar with the Lay of the Land in Lake Havasu City, AZ

Thinking about buying a home in Lake Havasu City? Great idea! You've chosen a vibrant 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 nationwide and are familiar with the ins-and-outs of the Lake Havasu City housing market.

Lake Havasu City'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 support for local businesses and cultural growth have helped to entice entrepreneurs, retirees, and new graduates to the Lake Havasu City area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Despite this, Lake Havasu City and the surrounding areas still offer a wide range of home types and prices. You can find duplexes, single-family homes, townhomes, condos, and (hopefully) your perfect home! When buying a home in Lake Havasu City, 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. Traveling around Lake Havasu City will also give you an idea of why homes in west Lake Havasu City are priced differently than homes in east Lake Havasu City, what the neighborhoods are like, and where to find Lake Havasu City's hottest attractions.

You're ready to buy a house in Lake Havasu City, but is your bank account? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We believe in keeping the dream of homeownership alive and try our best to make the journey easier and more rewarding. You don't even have to stick with your decision to buy a house in Lake Havasu City. We serve experienced homeowners and first-time homeowners alike. Start with the following steps to help you see if you're in a good financial position to buy a house in Lake Havasu City.

First, calculate how much house you can afford. This will help determine the price range for your Lake Havasu City house hunt. Then, add up the potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). You don't need an exact amount for these expenses. While everyone's situation is different, an online search for Lake Havasu City averages will usually give you some solid estimates. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Then, consider how much you can contribute to a down payment. A down payment of at least 20% can help improve your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). Even so, the minimum down payment requirements depend on the type of loan. At this stage, getting prequalified for a loan can be extremely helpful. Prequalification points you in the right direction as far as how much you may be eligible to borrow. Also, consider your credit profile. Lenders place a high importance on credit history when looking at 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 Lake Havasu City, AZ

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 can also be incredibly rewarding, especially when you get to live in an amazing city like Lake Havasu City. Contact Mr. Cooper as you get ready to buy a house in Lake Havasu City. We're here for you every step of 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.*

Lake Havasu City, AZ Mr. Cooper Customer Reviews

Read actual reviews from actual Mr. Cooper customers in Lake Havasu City, AZ. Then call us to see how we can help you.

Buying or selling a house in Lake Havasu City? Mr. Cooper makes it easier.

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