What to Know Before Buying a Home in Loveland, CO

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Exploring Loveland, CO From North to South

Strongly considering a home purchase in Loveland? Smart move! You picked an energetic city with a great balance of parks, businesses, and educational opportunities, and we're here to help the home purchase process go a little smoother. We serve 3.8 million customers nationwide and know the Loveland housing market well.

Loveland'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. Sustained economic growth and cultural expansion have helped to beckon retirees, new businesses, and young families to the Loveland area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. That said, Loveland and its neighboring areas still offer a variety of home types and prices. You can find duplexes, single-family homes, townhomes, condos, and (fingers-crossed) your dream home! When buying a home in Loveland, consider how near or far away the home is from the places you visit most. If you can, test drive your route to work, school, and the grocery store. Your home's location will influence almost every aspect of your life. Discovering different parts of Loveland will help you see how the northern part differs from the southern part, what the neighborhoods are like, and where to find Loveland's hottest attractions.

You're ready to buy a house in Loveland, but is your bank account? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We believe everyone can find their dream home and try our best to make the journey easier and more rewarding. You could choose to buy a home in Colorado or elsewhere. We support new and experienced homeowners alike. Read through the following steps to help you see if you're in a good financial position to buy a house in Loveland.

First, calculate how much house you can afford. This will help you set a price range while house shopping in Loveland. After that, add up the potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). No need to have an exact amount. Everyone's situation will differ, but a quick online search for average expenses in Loveland 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 boost 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. This is where getting prequalified for a mortgage comes in handy. Prequalification points you in the right direction as far as how much you may be eligible to borrow. Also, take a good look at your credit. Credit history is an important part of your mortgage application. The better your credit is, the more mortgage options you may be presented with— and more options are always good!

It's Go Time! Buy a House in Loveland, CO

Moving remains one of the biggest stressors, despite being a practically universal experience. But moving feels more rewarding when you get to live in a place like Loveland. Contact Mr. Cooper as you get ready to buy a house in Loveland. 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.*

Mr. Cooper Customer Reviews for Loveland, CO

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

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