What to Know Before Buying a Home in DeLand, FL

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Get Familiar with the Lay of the Land in DeLand, FL

Ready to lay down some roots and buy a house in DeLand? Smart move! You selected an energetic city with a dynamic selection of businesses, schools, restaurants and parks, and we're here to help the home purchase process go a little smoother. We service 3.8 million customers across the country and are familiar with the ins-and-outs of the DeLand housing market.

Given all of Florida's growth, DeLand homes aren't always easy to find at a comfortable price. Sustained support for local businesses and cultural growth have helped to entice young families, new businesses, and retirees to the DeLand area, but so much change also means a strain on housing options, school capacities, and city roads. Even so, DeLand and its nearby areas still offer a wide range of homes in price and amenities. You can find single-family homes, condos, townhomes, and (fingers-crossed) your perfect home! When buying a house in DeLand, double check that you're factoring in the home's distance from your daily activities. If possible, drive the route you'd take from the house to your school, office, and favorite hangout spot. The location of your house will impact virtually every part of your life. Traveling around DeLand will also give you an idea of why homes in west DeLand are priced differently than homes in east DeLand, where to find DeLand's most popular attractions, and what the neighborhoods are like.

Are your finances in the right place to buy a home in DeLand? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We think the dream of homeownership should never fade and work to make the journey less worrisome and more rewarding every step of the way. You could choose to buy a home in Florida or elsewhere. We serve new and experienced homeowners alike. Start with the following steps to help you figure out if your finances are in the right place to buy a house in DeLand.

First, estimate how much house you can afford. This will help determine the price range for your DeLand house hunt. After that, map out your potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). No need to have an exact amount. While everyone's situation is different, an online search for DeLand averages will usually give you some solid estimates. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Then, figure out what a realistic down payment would be for you. 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, down payment requirements can differ depending on the loan type. At this stage, getting prequalified for a loan can be extremely helpful. 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. Lenders place a high importance on credit history when looking at your mortgage application. You may be presented with more mortgage options if you have healthy credit— and options are always a good thing!

Make Your Move: Buy a Home in DeLand, FL

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 DeLand, moving doesn't seem so challenging. Contact Mr. Cooper as you prepare to buy a house in DeLand. 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.*

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