What to Know Before Buying a Home in Paramount, CA

Busy? Have us call you back. Call Me Back

More Information

Exploring Paramount, CA From North to South

Ready to lay down some roots and buy a house in Paramount? Congratulations! You've chosen a colorful city with a dynamic selection of businesses, schools, restaurants and parks, and we're here to help the home purchase process go a little smoother. We serve 3.8 million customers nationwide and are familiar with the ins-and-outs of the Paramount housing market.

Paramount is growing by the day, which means Paramount homes don't always come cheap. Continued economic growth and cultural expansion have helped to attract retirees, new businesses, and young families to the Paramount area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. That said, Paramount and its neighboring areas still offer a variety of home styles and prices. You can find duplexes, single-family homes, townhomes, condos, and (hopefully) your perfect home! When buying a house in Paramount, consider how near or far away the home is from the places you visit most. If you can, 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 Paramount will help you see how the northern part differs from the southern part, what the neighborhoods are like, and where to find Paramount's hottest attractions.

You're ready to buy a house in Paramount, but is your bank account? 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. It doesn't matter whether you want to buy a home in California or somewhere else entirely. We serve first-time homeowners and experienced homeowners alike. Walk through the following steps to help you determine if you're financially ready to buy a home in Paramount.

First, estimate how much house you can afford. This will help you set a price range while house shopping in Paramount. Then, map out your potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). No need to have an exact amount. Searching the web for Paramount averages will usually give you a solid estimate, though everyone's situation is different. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Next, look at how much money you can put toward a down payment. A down payment of at least 20% can help boost your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). That said, the required down payment will depend on the type of loan you get. This is where getting prequalified for a mortgage comes in handy. 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 one of the main factors that lenders look at when considering your mortgage application. You may be presented with more mortgage options if you have healthy credit— and more options are always good!

It's Go Time! Buy a House in Paramount, 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 can also be incredibly rewarding, especially when you get to live in an amazing city like Paramount. Contact Mr. Cooper as you look to buy a home in Paramount. We're here for you from start to finish and Mr. Cooper® Real Estate Rewards can even put you in touch with a vetted real estate agent who can potentially help you save thousands of dollars.*

Mr. Cooper Reviews from Real Customers in Paramount, CA

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

Buying or selling a house in Paramount? Mr. Cooper makes it easier.

Work with Mr. Cooper and get the support you need to make the home buying or selling process smoother.