What to Know Before Buying a Home in San Clemente, CA

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Get Familiar with the Lay of the Land in San Clemente, CA

Ready to lay down some roots and buy a house in San Clemente? Awesome! You've chosen a lively city with an ideal amount of businesses, schools, restaurants and parks, and we're here to help the home purchase process go a little smoother. We service 3.8 million customers across the country and know the San Clemente housing market well.

Given all of California's growth, San Clemente homes aren't always easy to find at a comfortable price. Sustained economic growth and cultural expansion have helped to attract young families, new businesses, and retirees to the San Clemente area, but so much change also means a strain on housing options, school capacities, and city roads. That said, San Clemente and the surrounding areas still offer an array of home types and prices. You can find duplexes, single-family homes, townhomes, condos, and (fingers-crossed) your dream home! When buying a house in San Clemente, 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 house's location will affect everything, from your morning routine to how you spend your evenings. Traveling around San Clemente will also give you an idea of why homes in west San Clemente are priced differently than homes in east San Clemente, where to find San Clemente's most popular attractions, and what the neighborhoods are like.

Are you financially prepared to buy a house in San Clemente? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We believe everyone can find their dream home 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 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 San Clemente.

Before anything else, estimate how much house you can afford. This will help determine the price range for your San Clemente house hunt. Next, add up the potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). No need to have an exact amount. Searching the web for San Clemente averages will usually give you a solid estimate, though everyone's situation is different. 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. A down payment of at least 20% can help boost your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). That said, down payment requirements can differ depending on the loan type. 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, 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?

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

Moving remains one of the biggest stressors, despite being a practically universal experience. But moving can also be incredibly rewarding, especially when you get to live in an amazing city like San Clemente. Contact Mr. Cooper as you prepare to buy a house in San Clemente. 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.*

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