What to Know Before Buying a Home in Aurora, CO

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Understanding the Aurora, CO Housing Landscape

Thinking about buying a home in Aurora? Great idea! You selected a vibrant city with an ideal amount of parks, businesses, and educational opportunities, and we're here to help the home purchase process go a little smoother. We support 3.8 million customers from coast to coast and know the Aurora housing market well.

Aurora is growing by the day, which means Aurora homes don't always come cheap. Sustained support for local businesses and cultural growth have helped to beckon young families, new businesses, and retirees to the Aurora area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. That said, Aurora and its neighboring areas still offer an array of home styles and prices. You can find townhomes, condos, single-family homes, duplexes, and (fingers-crossed) your dream house! When buying a home in Aurora, consider how near or far away the home is from the places you visit most. If possible, test drive your route to work, school, and the grocery store. The location of your house will impact virtually every part of your life. Discovering different parts of Aurora will help you see how the northern part differs from the southern part, where to find Aurora's most popular attractions, and what the neighborhoods are like.

Are you financially prepared to buy a house in Aurora? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. 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 Aurora. We help new and experienced homeowners alike. Walk through the following steps to help you see if you're in a good financial position to buy a house in Aurora.

First, estimate how much house you can afford. This will help you set a price range while house shopping in Aurora. After that, map out your 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 Aurora will usually point you in the right direction. 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. Placing a minimum of 20% down can improve 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. At this stage, getting prequalified for a loan can be extremely helpful. Prequalification points you in the right direction as far as how much you may be eligible to borrow. Also, consider your credit profile. Credit history is one of the main factors that lenders look at when considering 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?

Make Your Move: Buy a Home in Aurora, CO

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 feels more rewarding when you get to live in a place like Aurora. Contact Mr. Cooper as you look to buy a home in Aurora. 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.*

Mr. Cooper Customer Reviews for Aurora, CO

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