What to Know Before Buying a Home in Orange, CA

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Get Familiar with the Lay of the Land in Orange, CA

Ready to lay down some roots and buy a house in Orange? Great idea! You selected a vibrant city with a great balance of parks, businesses, and educational opportunities, and we're here to help make your house hunt, purchase, and move more streamlined. We serve 3.8 million customers nationwide and have the inside scoop on Orange's housing scene.

Orange is growing by the day, which means Orange homes don't always come cheap. Sustained cultural expansion and economic growth have helped to attract entrepreneurs, retirees, and new graduates to the Orange area, but so much change also means a strain on housing options, school capacities, and city roads. Despite this, Orange and its neighboring areas still offer a variety of homes in price and amenities. You can find townhomes, condos, single-family homes, duplexes, and (fingers-crossed) your perfect home! When buying a home in Orange, consider the home's location in relation to your everyday activities. If you can, test drive your trip from the house to work, school, and the grocery store. The location of your house will impact virtually every part of your life. Discovering different parts of Orange will help you see how the northern part differs from the southern part, what the communities are like, and where to find Orange's coolest attractions.

You're ready to buy a house in Orange, but is your bank account? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. 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. You could choose to buy a home in California or elsewhere. We work with new and experienced homeowners alike. Walk through the following steps to help you determine if you're financially ready to buy a home in Orange.

First, estimate how much house you can afford. This will help you set a price range while house shopping in Orange. Then, map out 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 Orange 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.

Now, figure out what a realistic down payment would be for you. Placing a minimum of 20% down can boost your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). Even so, down payment requirements can differ depending on the loan type. Here's where it can help to get prequalified for a mortgage. Getting prequalified helps you know how much you might be eligible to borrow from a lender. 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 more options are always good!

It's Go Time! Buy a House in Orange, CA

Moving remains one of the biggest stressors, despite being a practically universal experience. But moving feels more rewarding when you get to live in a place like Orange. Contact Mr. Cooper as you look to buy a home in Orange. We're here to help you along the way 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.*

Mr. Cooper Customer Reviews for Orange, CA

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

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