The Process of Buying a Home in Oro Valley, AZ

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Get Familiar with the Lay of the Land in Oro Valley, AZ

Ready to lay down some roots and buy a house in Oro Valley? Smart move! You selected a colorful city with an ideal amount of businesses, schools, restaurants and parks, and we're here to help make your home purchase and move a little easier. We support 3.8 million customers across the country and know the Oro Valley housing market well.

Given all of Arizona's growth, Oro Valley homes aren't always easy to find at a comfortable price. Ongoing economic growth and cultural expansion have helped to beckon entrepreneurs, retirees, and new graduates to the Oro Valley area, but so much change also means a strain on housing options, school capacities, and city roads. Despite this, Oro Valley and its neighboring areas still offer a wide range of homes in price and amenities. You can find townhomes, condos, single-family homes, duplexes, and (hopefully) your dream home! When looking to buy a house in Oro Valley, double check that you're factoring in the home's distance from your daily 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. Discovering different parts of Oro Valley will help you see how the northern part differs from the southern part, what the communities are like, and where to find Oro Valley's coolest attractions.

Are your finances in the right place to buy a home in Oro Valley? 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 every stage of the journey more enjoyable and less worrisome. You could choose to buy a home in Arizona or elsewhere. We help new and experienced 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 Oro Valley.

First, estimate how much house you can afford. This will help determine the price range for your Oro Valley house hunt. 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. Searching the web for Oro Valley 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.

Now, consider how much you can contribute to a down payment. A down payment of at least 20% can help increase your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). That said, the minimum down payment requirements depend on the type of loan. This is where getting prequalified for a mortgage comes in handy. Getting prequalified will give you an idea of how much you might qualify to borrow. Also, check your credit. Credit history is an important part of your mortgage application. The better your credit is, the more mortgage options you may be presented with— and options are always a good thing!

Make Your Move: Buy a Home in Oro Valley, AZ

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But when you get to live in a stellar city like Oro Valley, moving doesn't seem so challenging. Contact Mr. Cooper as you prepare to buy a house in Oro Valley. We're here for you from start to finish 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.*

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