Get Familiar with the Lay of the Land in Hollister, CA
Thinking about buying a home in Hollister? Awesome! You picked an energetic city with a great balance of parks, businesses, and educational opportunities, and we're here to help the home purchase process go a little smoother. We service 3.8 million customers nationwide and have the inside scoop on Hollister's housing scene.
Given all of California's growth, Hollister homes aren't always easy to find at a comfortable price. Ongoing support for local businesses and cultural growth have helped to beckon young families, new businesses, and retirees to the Hollister area, but so much change also means a strain on housing options, school capacities, and city roads. Despite this, Hollister and its nearby areas still offer a variety of home styles and prices. You can find single-family homes, condos, townhomes, and (fingers-crossed) your dream home! When buying a house in Hollister, consider how near or far away the home is from the places you visit most. If possible, test drive your trip from the house to work, school, and the grocery store. Your home's location will influence almost every aspect of your life. Discovering different parts of Hollister will help you see how the northern part differs from the southern part, what the neighborhoods are like, and where to find Hollister's hottest attractions.
Are your finances in the right place to buy a home in Hollister? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We think the dream of homeownership should never fade and work to make the journey less worrisome and more rewarding every step of the way. It doesn't matter whether you want to buy a home in California or somewhere else entirely. We serve new and experienced homeowners alike. Walk through the following steps to help you figure out if your finances are in the right place to buy a house in Hollister.
First, estimate how much house you can afford. This will help you set a price range while house shopping in Hollister. Then, jot down your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). You don't need an exact amount for these expenses. Everyone's situation will differ, but a quick online search for average expenses in Hollister will usually point you in the right direction. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.
Then, consider how much you can contribute to a down payment. A down payment of at least 20% can help increase your odds of getting a good 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, take a good look at 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 more options are always good!
Make Your Move: Buy a Home in Hollister, 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 Hollister, moving doesn't seem so challenging. Contact Mr. Cooper as you look to buy a home in Hollister.