All About Buying a House in Montrose, CO

Busy? Have us call you back. Call Me Back

More Information

Exploring Montrose, CO From North to South

Thinking about buying a home in Montrose? Awesome! You picked a colorful city with a great balance of educational opportunities, businesses, and parks, and we're here to help make your home purchase and move a little easier. We support 3.8 million customers across the country and are familiar with the ins-and-outs of the Montrose housing market.

Montrose is growing by the day, which means Montrose homes don't always come cheap. Ongoing support for local businesses and cultural growth have helped to attract retirees, new businesses, and young families to the Montrose area, but so much change also means more traffic, more competition, and a need for more schools. Even so, Montrose and its nearby areas still offer a wide range of home styles and prices. You can find duplexes, single-family homes, townhomes, condos, and (hopefully) your dream home! When buying a house in Montrose, consider the home's location in relation to your everyday activities. If you can, 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. Traveling around Montrose will also give you an idea of why homes in west Montrose are priced differently than homes in east Montrose, what the communities are like, and where to find Montrose's coolest attractions.

Are your finances in the right place to buy a home in Montrose? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We believe in keeping the dream of homeownership alive and work to make the journey less worrisome and more rewarding every step of the way. It doesn't matter whether you want to buy a home in Colorado or somewhere else entirely. We serve first-time homeowners 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 Montrose.

Before anything else, calculate how much house you can afford. This will help you set a price range while house shopping in Montrose. Then, map out your potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). It's okay if these numbers are educated guesses. While everyone's situation is different, an online search for Montrose averages will usually give you some solid estimates. Keep in mind that a mortgage payment could make up the majority of most homeowners’ monthly household expenses.

Now, look at how much money you can put toward a down payment. Putting at least 20% down will boost your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). Even so, 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 helps you know how much you might be eligible to borrow from a lender. Also, take a good look at your credit. Credit history is an important part of your mortgage application. The healthier your credit is, the more mortgage options you may have open to you— and options are always a good thing!

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

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But when you get to live in a stellar city like Montrose, moving doesn't seem so challenging. Contact Mr. Cooper as you prepare to buy a house in Montrose. 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.*

Mr. Cooper Customer Reviews for Montrose, CO

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

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

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