The Process of Buying a Home in Tempe, AZ

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

Thinking about buying a home in Tempe? Awesome! You selected a vibrant city with an ideal amount of businesses, schools, restaurants and parks, and we're here to help make your house hunt, purchase, and move more streamlined. We service 3.8 million customers from coast to coast and are familiar with the ins-and-outs of the Tempe housing market.

Tempe'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 cultural expansion and economic growth have helped to attract young families, new businesses, and retirees to the Tempe area, but so much change also means a strain on housing options, school capacities, and city roads. That said, Tempe and its nearby areas still offer an array of home types and prices. You can find duplexes, single-family homes, townhomes, condos, and (ideally) your dream home! When buying a home in Tempe, double check that you're factoring in the home's distance from your daily activities. If possible, drive the route you'd take from the house to your school, office, and favorite hangout spot. Your home's location will influence almost every aspect of your life. Traveling around Tempe will also give you an idea of why homes in west Tempe are priced differently than homes in east Tempe, what the communities are like, and where to find Tempe's coolest attractions.

Are your finances in the right place to buy a home in Tempe? 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 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 first-time homeowners and experienced homeowners alike. Start with the following steps to help you determine if you're financially ready to buy a home in Tempe.

Before anything else, estimate how much house you can afford. This will help you set a price range while house shopping in Tempe. Next, jot down your potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). No need to have an exact amount. Everyone's situation will differ, but a quick online search for average expenses in Tempe will usually point you in the right direction. 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. Putting at least 20% down will improve your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). Even so, the required down payment will depend on the type of loan you get. 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, consider your credit profile. Credit history is one of the main factors that lenders look at when considering your mortgage application. The healthier your credit is, the more mortgage options you may have open to you— and more options are always good!

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

Moving remains one of the biggest stressors, despite being a practically universal experience. But when you get to live in a stellar city like Tempe, moving doesn't seem so challenging. Contact Mr. Cooper as you prepare to buy a house in Tempe. 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.*

Tempe, AZ Mr. Cooper Customer Reviews

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

Buying or selling a house in Tempe? 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.