The Process of Buying a Home in Prescott, AZ

Busy? Have us call you back. Call Me Back

More Information

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

Ready to lay down some roots and buy a house in Prescott? Congratulations! You selected a colorful city with a dynamic selection of parks, businesses, and educational opportunities, and we're here to help make your home purchase and move a little easier. We support 3.8 million customers nationwide and have the inside scoop on Prescott's housing scene.

Prescott is growing by the day, which means Prescott homes don't always come cheap. Ongoing support for local businesses and cultural growth have helped to attract young families, new businesses, and retirees to the Prescott area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Despite this, Prescott and the surrounding areas still offer a variety of home types and prices. You can find duplexes, single-family homes, townhomes, condos, and (ideally) your dream house! When looking to buy a house in Prescott, double check that you're factoring in the home's distance from your daily activities. If you can, drive the route you'd take from the house to your school, office, and favorite hangout spot. The location of your house will impact virtually every part of your life. Exploring Prescott will also help you get a feel for how homes in east Prescott differ from west Prescott, what the communities are like, and where to find Prescott's coolest attractions.

Are you financially prepared to buy a house in Prescott? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We believe in keeping the dream of homeownership alive and work to make the journey less worrisome and more rewarding every step of the way. You could choose to buy a home in Arizona or elsewhere. We help experienced homeowners and first-time homeowners alike. Walk through the following steps to help you see if you're in a good financial position to buy a house in Prescott.

Before anything else, calculate how much house you can afford. This will help you narrow your search when house hunting in Prescott. Then, add up the potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). You don't need an exact amount for these expenses. While everyone's situation is different, an online search for Prescott averages will usually give you some solid estimates. Keep in mind that a mortgage payment could make up the majority of most homeowners’ monthly household expenses.

Now, consider how much you can contribute to a down payment. Placing a minimum of 20% down can increase 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. Here's where it can help to get prequalified for a mortgage. Getting prequalified will give you an idea of how much you might qualify to borrow. Also, take a good look at 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?

Move Up and Out: Buying Your Dream House in Prescott, 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 feels more rewarding when you get to live in a place like Prescott. Contact Mr. Cooper as you look to buy a home in Prescott. We're here for you every step of the way 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.*

Prescott, AZ Mr. Cooper Customer Reviews

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

Simplify the home buying or selling process in Prescott 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.