The Process of Buying a Home in Lafayette, CO

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Exploring Lafayette, CO From North to South

Thinking about buying a home in Lafayette? Great idea! You've chosen a lively city with an ideal amount of businesses, schools, restaurants and parks, and we're here to help make your home purchase and move a little easier. We serve 3.8 million customers from coast to coast and have the inside scoop on Lafayette's housing scene.

Given all of Colorado's growth, Lafayette homes aren't always easy to find at a comfortable price. Ongoing economic growth and cultural expansion have helped to attract young families, new businesses, and retirees to the Lafayette area, but so much change also means more traffic, more competition, and a need for more schools. Despite this, Lafayette and its nearby areas still offer a variety of home types and prices. You can find single-family homes, condos, townhomes, and (ideally) your dream house! When buying a home in Lafayette, consider the home's location in relation to your everyday activities. If possible, test drive your trip from the house to work, school, and the grocery store. The location of your house will impact virtually every part of your life. Discovering different parts of Lafayette will help you see how the northern part differs from the southern part, where to find Lafayette's most popular attractions, and what the neighborhoods are like.

Are you financially prepared to buy a house in Lafayette? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. 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 Lafayette. We serve experienced homeowners and first-time homeowners alike. Read through the following steps to help you figure out if your finances are in the right place to buy a house in Lafayette.

Before anything else, estimate how much house you can afford. This will help you narrow your search when house hunting in Lafayette. Next, jot down your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). No need to have an exact amount. Searching the web for Lafayette 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.

Then, 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). However, the required down payment will depend on the type of loan you get. 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, 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 Lafayette, CO

Moving remains one of the biggest stressors, despite being a practically universal experience. But when you get to live in a stellar city like Lafayette, moving doesn't seem so challenging. Contact Mr. Cooper as you get ready to buy a house in Lafayette. 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.*

Lafayette, CO Mr. Cooper Customer Reviews

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

Simplify the home buying or selling process in Lafayette with Mr. Cooper.

Mr. Cooper works to save buyers and sellers money at every stage of their journey, from real estate commissions to closing costs.