The Process of Buying a Home in Moreno Valley, CA

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Exploring Moreno Valley, CA From North to South

Thinking about buying a home in Moreno Valley? Awesome! You've chosen a colorful city with an ideal amount 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 across the country and have the inside scoop on Moreno Valley's housing scene.

Given all of California's growth, Moreno Valley homes aren't always easy to find at a comfortable price. Ongoing economic growth and cultural expansion have helped to entice retirees, new businesses, and young families to the Moreno Valley area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Even so, Moreno Valley and the surrounding areas still offer an array of home styles and prices. You can find townhomes, condos, single-family homes, duplexes, and (ideally) your dream house! When buying a home in Moreno Valley, 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 home's location will influence almost every aspect of your life. Exploring Moreno Valley will also help you get a feel for how homes in east Moreno Valley differ from west Moreno Valley, where to find Moreno Valley's most popular attractions, and what the neighborhoods are like.

Are you financially prepared to buy a house in Moreno Valley? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We believe in keeping the dream of homeownership alive and work to make every stage of the journey more enjoyable and less worrisome. It doesn't matter whether you want to buy a home in California or somewhere else entirely. We support experienced homeowners and first-time homeowners alike. Start with the following steps to help you see if you're in a good financial position to buy a house in Moreno Valley.

Before anything else, estimate how much house you can afford. This will help you narrow your search when house hunting in Moreno Valley. Next, add up the potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). You don't need an exact amount for these expenses. While everyone's situation is different, an online search for Moreno Valley averages will usually give you some solid estimates. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Next, figure out what a realistic down payment would be for you. Putting at least 20% down will increase your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). Even so, the minimum down payment requirements depend on the type of loan. 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, take a good look at your credit. 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?

It's Go Time! Buy a House in Moreno Valley, 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 Moreno Valley. Contact Mr. Cooper as you look to buy a home in Moreno Valley. 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.*

Moreno Valley, CA Mr. Cooper Customer Reviews

Take it from these Mr. Cooper home buyers and sellers in Moreno Valley, CA: We love helping homeowners. Call now to see how we can serve you.

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