What to Know Before Buying a Home in Cathedral City, CA

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Get Familiar with the Lay of the Land in Cathedral City, CA

Strongly considering a home purchase in Cathedral City? Awesome! You selected a lively city with an ideal amount of businesses, schools, restaurants and parks, and we're here to help the home purchase process go a little smoother. We service 3.8 million customers nationwide and are familiar with the ins-and-outs of the Cathedral City housing market.

Cathedral City is growing by the day, which means Cathedral City homes don't always come cheap. Sustained cultural expansion and economic growth have helped to beckon retirees, new businesses, and young families to the Cathedral City area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Despite this, Cathedral City and its neighboring areas still offer a wide range of home styles and prices. You can find duplexes, single-family homes, townhomes, condos, and (ideally) your dream home! When buying a home in Cathedral City, consider how near or far away the home is from the places you visit most. If you can, 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. Discovering different parts of Cathedral City will help you see how the northern part differs from the southern part, what the communities are like, and where to find Cathedral City's coolest attractions.

Are you financially prepared to buy a house in Cathedral City? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. 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 Cathedral City. We support new and experienced homeowners alike. Walk through the following steps to help you see if you're in a good financial position to buy a house in Cathedral City.

Before anything else, estimate how much house you can afford. This will help you set a price range while house shopping in Cathedral City. Then, add up the potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). No need to have an exact amount. While everyone's situation is different, an online search for Cathedral City averages will usually give you some solid estimates. 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 boost your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). That said, down payment requirements can differ depending on the loan type. 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, take a good look at your credit. Lenders place a high importance on credit history when looking at your mortgage application. You may be presented with more mortgage options if you have healthy credit— and more options are always good!

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

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But moving can also be incredibly rewarding, especially when you get to live in an amazing city like Cathedral City. Contact Mr. Cooper as you prepare to buy a house in Cathedral City. 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.*

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