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What to Know Before Buying a Home in South Pasadena, CA

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Exploring South Pasadena, CA From North to South

Strongly considering a home purchase in South Pasadena? Awesome! You picked an energetic city with a dynamic selection of businesses, schools, restaurants and parks, and we're here to help make your house hunt, purchase, and move more streamlined. We serve 3.8 million customers nationwide and know the South Pasadena housing market well.

South Pasadena'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. Ongoing economic growth and cultural expansion have helped to beckon entrepreneurs, retirees, and new graduates to the South Pasadena area, but so much change also means a strain on housing options, school capacities, and city roads. Even so, South Pasadena and its neighboring areas still offer a wide range of home styles and prices. You can find duplexes, single-family homes, townhomes, condos, and (hopefully) your perfect home! When buying a house in South Pasadena, double check that you're factoring in the home's distance from your daily activities. If you can, drive the route you'd take from the house to your school, office, and favorite hangout spot. The location of your house will impact virtually every part of your life. Exploring South Pasadena will also help you get a feel for how homes in east South Pasadena differ from west South Pasadena, what the neighborhoods are like, and where to find South Pasadena's hottest attractions.

Are you financially prepared to buy a house in South Pasadena? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We believe in keeping the dream of homeownership alive and work to make every stage of the journey more enjoyable and less worrisome. You don't even have to stick with your decision to buy a house in South Pasadena. We serve experienced homeowners and first-time homeowners alike. Start with the following steps to help you determine if you're financially ready to buy a home in South Pasadena.

Before anything else, estimate how much house you can afford. This will help determine the price range for your South Pasadena house hunt. Next, 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. Everyone's situation will differ, but a quick online search for average expenses in South Pasadena will usually point you in the right direction. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Now, figure out what a realistic down payment would be for you. A down payment of at least 20% can help improve your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). That said, the minimum down payment requirements depend on the type of loan. At this stage, getting prequalified for a loan can be extremely helpful. Getting prequalified helps you know how much you might be eligible to borrow from a lender. Also, check your credit. Credit history is one of the main factors that lenders look at when considering 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 South Pasadena, 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 when you get to live in a stellar city like South Pasadena, moving doesn't seem so challenging. Contact Mr. Cooper as you look to buy a home in South Pasadena. We're here for you every step of the way and Mr. Cooper® Real Estate Rewards can even connect you with a top-performing real estate agent who can potentially save you thousands.*

South Pasadena, CA Mr. Cooper Customer Reviews

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

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