What to Know Before Buying a Home in Prescott Valley, AZ

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

Strongly considering a home purchase in Prescott Valley? Awesome! You selected a lively city with a dynamic selection of educational opportunities, businesses, and parks, and we're here to help make your home purchase and move a little easier. We service 3.8 million customers across the country and are familiar with the ins-and-outs of the Prescott Valley housing market.

Prescott Valley is growing by the day, which means Prescott Valley homes don't always come cheap. Continued economic growth and cultural expansion have helped to attract entrepreneurs, retirees, and new graduates to the Prescott Valley area, but so much change also means a strain on housing options, school capacities, and city roads. That said, Prescott Valley and its neighboring areas still offer an array of home styles and prices. You can find townhomes, condos, single-family homes, duplexes, and (hopefully) your dream home! When buying a house in Prescott Valley, 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 Prescott Valley will also give you an idea of why homes in west Prescott Valley are priced differently than homes in east Prescott Valley, what the communities are like, and where to find Prescott Valley's coolest attractions.

Are your finances in the right place to buy a home in Prescott Valley? 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. You don't even have to stick with your decision to buy a house in Prescott Valley. We work with first-time homeowners and experienced homeowners alike. Read through the following steps to help you figure out if your finances are in the right place to buy a house in Prescott Valley.

Before anything else, calculate how much house you can afford. This will help determine the price range for your Prescott Valley house hunt. Next, map out your potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). It's okay if these numbers are educated guesses. Everyone's situation will differ, but a quick online search for average expenses in Prescott Valley 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.

Then, figure out what a realistic down payment would be for you. Putting at least 20% down will improve your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). However, the minimum down payment requirements depend on the type of loan. Here's where it can help to get prequalified for a mortgage. 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. The healthier your credit is, the more mortgage options you may have open to you— and who doesn't want more choices in life?

It's Go Time! Buy a House in Prescott Valley, AZ

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 Prescott Valley. Contact Mr. Cooper as you prepare to buy a house in Prescott Valley. 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 Reviews from Real Customers in Prescott Valley, AZ

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

Buying or selling a house in Prescott Valley? 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.