What to Know Before Buying a Home in Longmont, CO

Busy? Have us call you back. Call Me Back

More Information

Get Familiar with the Lay of the Land in Longmont, CO

Ready to lay down some roots and buy a house in Longmont? Awesome! You picked a vibrant city with an ideal amount of businesses, schools, restaurants and parks, and we're here to help the home purchase process go a little smoother. We service 3.8 million customers across the country and have the inside scoop on Longmont's housing scene.

Given all of Colorado's growth, Longmont homes aren't always easy to find at a comfortable price. Continued support for local businesses and cultural growth have helped to beckon young families, new businesses, and retirees to the Longmont area, but so much change also means more traffic, more competition, and a need for more schools. Despite this, Longmont and the surrounding areas still offer a variety of homes in price and amenities. You can find townhomes, condos, single-family homes, duplexes, and (fingers-crossed) your dream home! When looking to buy a house in Longmont, consider the home's location in relation to your everyday activities. If possible, test drive your route to work, school, and the grocery store. Your home's location will influence almost every aspect of your life. Exploring Longmont will also help you get a feel for how homes in east Longmont differ from west Longmont, what the neighborhoods are like, and where to find Longmont's hottest attractions.

You're ready to buy a house in Longmont, but is your bank account? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We think the dream of homeownership should never fade and try our best to make the journey easier and more rewarding. You don't even have to stick with your decision to buy a house in Longmont. We serve new and experienced homeowners alike. Start with the following steps to help you determine if you're financially ready to buy a home in Longmont.

Before anything else, estimate how much house you can afford. This will help determine the price range for your Longmont house hunt. After that, map out your potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). You don't need an exact amount for these expenses. Everyone's situation will differ, but a quick online search for average expenses in Longmont will usually point you in the right direction. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Then, consider how much you can contribute to a down payment. A down payment of at least 20% can help boost your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). That said, 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. 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. You may be presented with more mortgage options if you have healthy credit— and more options are always good!

Make Your Move: Buy a Home in Longmont, CO

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But moving can also be incredibly rewarding, especially when you get to live in an amazing city like Longmont. Contact Mr. Cooper as you prepare to buy a house in Longmont. We're here for you from start to finish and Mr. Cooper® Real Estate Rewards can even put you in touch with a vetted real estate agent who can potentially help you save thousands of dollars.*

Mr. Cooper Reviews from Real Customers in Longmont, CO

Read real stories from real Mr. Cooper home buyers and sellers in Longmont, CO. Then contact us to see what we can do for you.

Make buying or selling a Longmont home easier.

Put Mr. Cooper in your corner for a better home buying or selling experience.