Get Familiar with the Lay of the Land in Fullerton, CA
Strongly considering a home purchase in Fullerton? Smart move! You selected a vibrant 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 serve 3.8 million customers nationwide and are familiar with the ins-and-outs of the Fullerton housing market.
Given all of California's growth, Fullerton homes aren't always easy to find at a comfortable price. Continued support for local businesses and cultural growth have helped to beckon retirees, new businesses, and young families to the Fullerton area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Even so, Fullerton 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 home! When buying a house in Fullerton, double check that you're factoring in the home's distance from your daily activities. If you can, test drive your trip from the house to work, school, and the grocery store. Your house's location will affect everything, from your morning routine to how you spend your evenings. Traveling around Fullerton will also give you an idea of why homes in west Fullerton are priced differently than homes in east Fullerton, what the neighborhoods are like, and where to find Fullerton's hottest attractions.
You're ready to buy a house in Fullerton, but is your bank account? 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 every stage of the journey more enjoyable and less worrisome. You could choose to buy a home in California or elsewhere. We support new and experienced homeowners alike. Read through the following steps to help you figure out if your finances are in the right place to buy a house in Fullerton.
Before anything else, estimate how much house you can afford. This will help you narrow your search when house hunting in Fullerton. Next, jot down your potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). No need to have an exact amount. Searching the web for Fullerton averages will usually give you a solid estimate, though everyone's situation is different. 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 boost your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). However, the required down payment will depend on the type of loan you get. At this stage, getting prequalified for a loan can be extremely helpful. Prequalification points you in the right direction as far as how much you may be eligible 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?
It's Go Time! Buy a House in Fullerton, CA
Moving remains one of the biggest stressors, despite being a practically universal experience. But when you get to live in a stellar city like Fullerton, moving doesn't seem so challenging. Contact Mr. Cooper as you prepare to buy a house in Fullerton.