The Process of Buying a Home in Storrs, CT

Busy? Have us call you back. Call Me Back

More Information

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

Thinking about buying a home in Storrs? Congratulations! You selected a colorful 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 service 3.8 million customers nationwide and have the inside scoop on Storrs's housing scene.

Storrs'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. Ongoing economic growth and cultural expansion have helped to entice entrepreneurs, retirees, and new graduates to the Storrs area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. That said, Storrs and its nearby areas still offer a variety of home types and prices. You can find townhomes, condos, single-family homes, duplexes, and (fingers-crossed) your perfect home! When buying a home in Storrs, consider the home's location in relation to your everyday activities. If you can, test drive your route to work, school, and the grocery store. The location of your house will impact virtually every part of your life. Traveling around Storrs will also give you an idea of why homes in west Storrs are priced differently than homes in east Storrs, what the neighborhoods are like, and where to find Storrs's hottest attractions.

Are your finances in the right place to buy a home in Storrs? 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. It doesn't matter whether you want to buy a home in Connecticut or somewhere else entirely. We support first-time homeowners and experienced homeowners alike. Walk through the following steps to help you determine if you're financially ready to buy a home in Storrs.

First, calculate how much house you can afford. This will help determine the price range for your Storrs house hunt. 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 Storrs averages will usually give you a solid estimate, though everyone's situation is different. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Next, consider how much you can contribute to a down payment. Putting at least 20% down will increase your chances of getting a favorable 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. 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, 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 options are always a good thing!

Move Up and Out: Buying Your Dream House in Storrs, CT

As common as moving is, you'd think we'd all have figured out a less stressful way to do it. And yet, it remains a top stressor in life! But moving feels more rewarding when you get to live in a place like Storrs. Contact Mr. Cooper as you look to buy a home in Storrs. We're here for you from start to finish 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 Storrs, CT

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

Buying or selling a house in Storrs? Mr. Cooper makes it easier.

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