What to Know Before Buying a Home in Redding, CA

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Understanding the Redding, CA Housing Landscape

Strongly considering a home purchase in Redding? Congratulations! You picked a vibrant city with a great balance of businesses, schools, restaurants and parks, and we're here to help make your home purchase and move a little easier. We service 3.8 million customers from coast to coast and know the Redding housing market well.

Redding's amazing growth has made it a great place to live. But on the flip side, the growth has also led to a shortage of cheaper homes. Continued support for local businesses and cultural growth have helped to beckon young families, new businesses, and retirees to the Redding area, but so much change also means a strain on housing options, school capacities, and city roads. That said, Redding and its nearby areas still offer a variety of home styles and prices. You can find duplexes, single-family homes, townhomes, condos, and (ideally) your dream house! When buying a home in Redding, consider the home's location in relation to your everyday activities. If you can, test drive your route to work, school, and the grocery store. Your house's location will affect everything, from your morning routine to how you spend your evenings. Exploring Redding will also help you get a feel for how homes in east Redding differ from west Redding, where to find Redding's most popular attractions, and what the neighborhoods are like.

You're ready to buy a house in Redding, but is your bank account? 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 try our best to make the journey easier and more rewarding. You don't even have to stick with your decision to buy a house in Redding. We work with new and experienced homeowners alike. Start with the following steps to help you see if you're in a good financial position to buy a house in Redding.

First, estimate how much house you can afford. This will help you set a price range while house shopping in Redding. After that, add up the potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). It's okay if these numbers are educated guesses. While everyone's situation is different, an online search for Redding averages will usually give you some solid estimates. 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. A down payment of at least 20% can help increase your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). That said, down payment requirements can differ depending on the loan type. At this stage, getting prequalified for a loan can be extremely helpful. Getting prequalified will give you an idea of how much you might qualify to borrow. Also, check 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!

Move Up and Out: Buying Your Dream House in Redding, CA

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But moving can also be incredibly rewarding, especially when you get to live in an amazing city like Redding. Contact Mr. Cooper as you get ready to buy a house in Redding. We're here for you every step of 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.*

Redding, CA Mr. Cooper Customer Reviews

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

Simplify the home buying or selling process in Redding with Mr. Cooper.

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