What to Know Before Buying a Home in Thousand Oaks, CA

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Get Familiar with the Lay of the Land in Thousand Oaks, CA

Ready to lay down some roots and buy a house in Thousand Oaks? Congratulations! You picked a vibrant 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 support 3.8 million customers from coast to coast and are familiar with the ins-and-outs of the Thousand Oaks housing market.

Thousand Oaks is growing by the day, which means Thousand Oaks homes don't always come cheap. Continued cultural expansion and economic growth have helped to entice young families, new businesses, and retirees to the Thousand Oaks area, but so much change also means more traffic, more competition, and a need for more schools. Even so, Thousand Oaks and its neighboring areas still offer an array of home styles and prices. You can find single-family homes, condos, townhomes, and (fingers-crossed) your dream house! When buying a home in Thousand Oaks, consider how near or far away the home is from the places you visit most. If you can, test drive your trip from the house 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 Thousand Oaks will also give you an idea of why homes in west Thousand Oaks are priced differently than homes in east Thousand Oaks, what the neighborhoods are like, and where to find Thousand Oaks's hottest attractions.

Are you financially prepared to buy a house in Thousand Oaks? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. 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 don't even have to stick with your decision to buy a house in Thousand Oaks. We serve first-time homeowners and experienced homeowners alike. Start with the following steps to help you determine if you're financially ready to buy a home in Thousand Oaks.

First, estimate how much house you can afford. This will help you narrow your search when house hunting in Thousand Oaks. Then, add up the potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). No need to have an exact amount. While everyone's situation is different, an online search for Thousand Oaks 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, look at how much money you can put toward a down payment. Putting at least 20% down will increase your chances of getting a great 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. 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 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 options are always a good thing!

It's Go Time! Buy a House in Thousand Oaks, 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 moving can also be incredibly rewarding, especially when you get to live in an amazing city like Thousand Oaks. Contact Mr. Cooper as you look to buy a home in Thousand Oaks. We're here to help you along the way and Mr. Cooper® Real Estate Rewards can even connect you with a high-performing real estate agent who may be able to help you save thousands.*

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