What to Know Before Buying a Home in Bristol, CT

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Get Familiar with the Lay of the Land in Bristol, CT

Strongly considering a home purchase in Bristol? Congratulations! You selected a lively city with a great balance of parks, businesses, and educational opportunities, and we're here to help make your home purchase and move a little easier. We support 3.8 million customers nationwide and have the inside scoop on Bristol's housing scene.

Given all of Connecticut's growth, Bristol homes aren't always easy to find at a comfortable price. Ongoing economic growth and cultural expansion have helped to beckon young families, new businesses, and retirees to the Bristol area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Despite this, Bristol and its neighboring areas still offer a variety of homes in price and amenities. You can find duplexes, single-family homes, townhomes, condos, and (ideally) your dream house! When looking to buy a house in Bristol, consider how near or far away the home is from the places you visit most. If possible, test drive your trip from the house to work, school, and the grocery store. Your house's location will affect everything, from your morning routine to how you spend your evenings. Discovering different parts of Bristol will help you see how the northern part differs from the southern part, where to find Bristol's most popular attractions, and what the neighborhoods are like.

Are you financially prepared to buy a house in Bristol? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We believe in keeping the dream of homeownership alive and work to make every stage of the journey more enjoyable and less worrisome. You don't even have to stick with your decision to buy a house in Bristol. We support new and experienced 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 Bristol.

First, estimate how much house you can afford. This will help you narrow your search when house hunting in Bristol. Then, add up the potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). You don't need an exact amount for these expenses. While everyone's situation is different, an online search for Bristol averages will usually give you some solid estimates. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Next, figure out what a realistic down payment would be for you. A down payment of at least 20% can help improve your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). Even so, down payment requirements can differ depending on the loan type. Here's where it can help to get prequalified for a mortgage. Getting prequalified helps you know how much you might be eligible to borrow from a lender. Also, check 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 who doesn't want more choices in life?

It's Go Time! Buy a House in Bristol, CT

Moving remains one of the biggest stressors, despite being a practically universal experience. But when you get to live in a stellar city like Bristol, moving doesn't seem so challenging. Contact Mr. Cooper as you prepare to buy a house in Bristol. We're here for you every step of 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 Reviews from Real Customers in Bristol, CT

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