The Process of Buying a Home in Bloomington, CA

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Exploring Bloomington, CA From North to South

Strongly considering a home purchase in Bloomington? Awesome! You picked a colorful city with a great balance of educational opportunities, businesses, and parks, and we're here to help the home purchase process go a little smoother. We service 3.8 million customers from coast to coast and have the inside scoop on Bloomington's housing scene.

Bloomington is growing by the day, which means Bloomington homes don't always come cheap. Sustained cultural expansion and economic growth have helped to attract entrepreneurs, retirees, and new graduates to the Bloomington area, but so much change also means more traffic, more competition, and a need for more schools. Despite this, Bloomington and the surrounding areas still offer an array of homes in price and amenities. You can find townhomes, condos, single-family homes, duplexes, and (hopefully) your dream house! When buying a home in Bloomington, consider the home's location in relation to your everyday activities. If possible, test drive your route to work, school, and the grocery store. Your house's location will affect everything, from your morning routine to how you spend your evenings. Exploring Bloomington will also help you get a feel for how homes in east Bloomington differ from west Bloomington, what the communities are like, and where to find Bloomington's coolest attractions.

Are you financially prepared to buy a house in Bloomington? 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 every stage of the journey more enjoyable and less worrisome. You don't even have to stick with your decision to buy a house in Bloomington. We help new and experienced homeowners alike. Start with the following steps to help you see if you're in a good financial position to buy a house in Bloomington.

First, estimate how much house you can afford. This will help you narrow your search when house hunting in Bloomington. After that, 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 Bloomington 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. Putting at least 20% down will increase your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). However, down payment requirements can differ depending on the loan type. 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, 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?

Move Up and Out: Buying Your Dream House in Bloomington, CA

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 Bloomington. Contact Mr. Cooper as you prepare to buy a house in Bloomington. We're here to help you along 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.*

Mr. Cooper Customer Reviews for Bloomington, CA

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