Exploring Santa Clara, CA From North to South
Ready to lay down some roots and buy a house in Santa Clara? Congratulations! You've chosen a vibrant city with a great balance of businesses, schools, restaurants and parks, and we're here to help the home purchase process go a little smoother. We support 3.8 million customers nationwide and are familiar with the ins-and-outs of the Santa Clara housing market.
Given all of California's growth, Santa Clara 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 Santa Clara area, but so much change also means more traffic, more competition, and a need for more schools. Even so, Santa Clara and the surrounding areas still offer a variety of homes in price and amenities. You can find single-family homes, condos, townhomes, and (fingers-crossed) your dream house! When buying a house in Santa Clara, 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. Your home's location will influence almost every aspect of your life. Discovering different parts of Santa Clara will help you see how the northern part differs from the southern part, where to find Santa Clara's most popular attractions, and what the neighborhoods are like.
You're ready to buy a house in Santa Clara, 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 work to make every stage of the journey more enjoyable and less worrisome. You could choose to buy a home in California or elsewhere. We help new and experienced homeowners alike. Read through the following steps to help you determine if you're financially ready to buy a home in Santa Clara.
First, calculate how much house you can afford. This will help you narrow your search when house hunting in Santa Clara. After that, 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 Santa Clara 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, figure out what a realistic down payment would be for you. Putting at least 20% down will boost your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). Even so, the minimum down payment requirements depend on the type of loan. Here's where it can help to get prequalified for a mortgage. 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 healthier your credit is, the more mortgage options you may have open to you— and who doesn't want more choices in life?
Move Up and Out: Buying Your Dream House in Santa Clara, CA
While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But moving feels more rewarding when you get to live in a place like Santa Clara. Contact Mr. Cooper as you look to buy a home in Santa Clara.