The Process of Buying a Home in Downey, CA

Busy? Have us call you back. Call Me Back

More Information

Exploring Downey, CA From North to South

Ready to lay down some roots and buy a house in Downey? Awesome! You've chosen a vibrant city with a great balance of educational opportunities, businesses, and parks, and we're here to help make your home purchase and move a little easier. We support 3.8 million customers from coast to coast and are familiar with the ins-and-outs of the Downey housing market.

Downey is growing by the day, which means Downey homes don't always come cheap. Sustained support for local businesses and cultural growth have helped to entice entrepreneurs, retirees, and new graduates to the Downey area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Even so, Downey and the surrounding areas still offer an array of home types and prices. You can find townhomes, condos, single-family homes, duplexes, and (ideally) your dream home! When buying a house in Downey, consider how near or far away the home is from the places you visit most. If possible, test drive your route to work, school, and the grocery store. The location of your house will impact virtually every part of your life. Discovering different parts of Downey will help you see how the northern part differs from the southern part, what the neighborhoods are like, and where to find Downey's hottest attractions.

Are you financially prepared to buy a house in Downey? 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 could choose to buy a home in California or elsewhere. We serve first-time homeowners 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 Downey.

First, estimate how much house you can afford. This will help you set a price range while house shopping in Downey. Then, jot down your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). No need to have an exact amount. Everyone's situation will differ, but a quick online search for average expenses in Downey 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.

Next, look at how much money you can put toward a down payment. A down payment of at least 20% can help increase your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). Even so, down payment requirements can differ depending on the loan type. At this stage, getting prequalified for a loan can be extremely helpful. Getting prequalified helps you know how much you might be eligible to borrow from a lender. Also, consider your credit profile. Credit history is an important part of your mortgage application. The better your credit is, the more mortgage options you may be presented with— and who doesn't want more choices in life?

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

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But when you get to live in a stellar city like Downey, moving doesn't seem so challenging. Contact Mr. Cooper as you look to buy a home in Downey. We're here for you from start to finish and Mr. Cooper® Real Estate Rewards can even connect you with a top-performing real estate agent who can potentially save you thousands.*

Downey, CA Mr. Cooper Customer Reviews

Read actual reviews from actual Mr. Cooper customers in Downey, CA. Then call us to see how we can help you.

Make buying or selling a Downey home easier.

Put Mr. Cooper in your corner for a better home buying or selling experience.