The Process of Buying a Home in Stratford, CT

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Understanding the Stratford, CT Housing Landscape

Thinking about buying a home in Stratford? Smart move! You've chosen a lively city with a great balance of businesses, schools, restaurants and parks, and we're here to help make your house hunt, purchase, and move more streamlined. We service 3.8 million customers nationwide and have the inside scoop on Stratford's housing scene.

Given all of Connecticut's growth, Stratford homes aren't always easy to find at a comfortable price. Sustained economic growth and cultural expansion have helped to beckon young families, new businesses, and retirees to the Stratford area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. That said, Stratford and the surrounding areas still offer an array of home styles and prices. You can find single-family homes, condos, townhomes, and (hopefully) your dream home! When looking to buy a house in Stratford, consider how near or far away the home is from the places you visit most. 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 Stratford will also give you an idea of why homes in west Stratford are priced differently than homes in east Stratford, what the communities are like, and where to find Stratford's coolest attractions.

You're ready to buy a house in Stratford, but is your bank account? 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 Connecticut or somewhere else entirely. We serve new and experienced homeowners alike. Read through the following steps to help you determine if you're financially ready to buy a home in Stratford.

Before anything else, estimate how much house you can afford. This will help you set a price range while house shopping in Stratford. Then, add up the potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). It's okay if these numbers are educated guesses. Everyone's situation will differ, but a quick online search for average expenses in Stratford will usually point you in the right direction. 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 boost your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). Even so, the minimum down payment requirements depend on the type of loan. Here's where it can help to get prequalified for a mortgage. Prequalification points you in the right direction as far as how much you may be eligible 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!

Make Your Move: Buy a Home in Stratford, 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 when you get to live in a stellar city like Stratford, moving doesn't seem so challenging. Contact Mr. Cooper as you get ready to buy a house in Stratford. 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.*

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