What to Know Before Buying a Home in Rancho Mirage, CA

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Exploring Rancho Mirage, CA From North to South

Strongly considering a home purchase in Rancho Mirage? Awesome! You picked 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 support 3.8 million customers nationwide and are familiar with the ins-and-outs of the Rancho Mirage housing market.

Rancho Mirage is growing by the day, which means Rancho Mirage homes don't always come cheap. Continued economic growth and cultural expansion have helped to entice entrepreneurs, retirees, and new graduates to the Rancho Mirage area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Even so, Rancho Mirage and the surrounding areas still offer an array of home styles and prices. You can find townhomes, condos, single-family homes, duplexes, and (fingers-crossed) your dream home! When buying a house in Rancho Mirage, consider the home's location in relation to your everyday activities. If possible, drive the route you'd take from the house to your school, office, and favorite hangout spot. Your house's location will affect everything, from your morning routine to how you spend your evenings. Traveling around Rancho Mirage will also give you an idea of why homes in west Rancho Mirage are priced differently than homes in east Rancho Mirage, what the communities are like, and where to find Rancho Mirage's coolest attractions.

You're ready to buy a house in Rancho Mirage, but is your bank account? 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. You could choose to buy a home in California or elsewhere. We help new and experienced homeowners alike. Start with the following steps to help you figure out if your finances are in the right place to buy a house in Rancho Mirage.

First, estimate how much house you can afford. This will help determine the price range for your Rancho Mirage house hunt. Next, jot down your potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). It's okay if these numbers are educated guesses. While everyone's situation is different, an online search for Rancho Mirage 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, consider how much you can contribute to a down payment. Placing a minimum of 20% down can increase 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. Here's where it can help to get prequalified for a mortgage. Prequalification points you in the right direction as far as how much you may be eligible to borrow. Also, consider your credit profile. Credit history is an important part of your mortgage application. The healthier your credit is, the more mortgage options you may have open to you— and options are always a good thing!

It's Go Time! Buy a House in Rancho Mirage, 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 Rancho Mirage, moving doesn't seem so challenging. Contact Mr. Cooper as you prepare to buy a house in Rancho Mirage. We're here to help you along the way 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.*

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