The Process of Buying a Home in Fort Lauderdale, FL

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Exploring Fort Lauderdale, FL From North to South

Thinking about buying a home in Fort Lauderdale? Awesome! You picked a lively city with a great balance of businesses, schools, restaurants and parks, 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 Fort Lauderdale's housing scene.

Fort Lauderdale'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. Sustained support for local businesses and cultural growth have helped to entice young families, new businesses, and retirees to the Fort Lauderdale area, but so much change also means more traffic, more competition, and a need for more schools. That said, Fort Lauderdale and the surrounding areas still offer an array of home types and prices. You can find duplexes, single-family homes, townhomes, condos, and (fingers-crossed) your dream house! When looking to buy a house in Fort Lauderdale, 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. Discovering different parts of Fort Lauderdale will help you see how the northern part differs from the southern part, what the neighborhoods are like, and where to find Fort Lauderdale's hottest attractions.

You're ready to buy a house in Fort Lauderdale, but is your bank account? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We believe everyone can find their dream home and try our best to make the journey easier and more rewarding. You could choose to buy a home in Florida or elsewhere. We work with experienced homeowners and first-time homeowners alike. Start with the following steps to help you see if you're in a good financial position to buy a house in Fort Lauderdale.

First, estimate how much house you can afford. This will help you set a price range while house shopping in Fort Lauderdale. 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. While everyone's situation is different, an online search for Fort Lauderdale 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.

Next, look at how much money you can put toward a down payment. Putting at least 20% down will boost your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). However, down payment requirements can differ depending on the loan type. 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, consider your credit profile. Credit history is one of the main factors that lenders look at when considering 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!

Make Your Move: Buy a Home in Fort Lauderdale, FL

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But moving feels more rewarding when you get to live in a place like Fort Lauderdale. Contact Mr. Cooper as you look to buy a home in Fort Lauderdale. We're here for you from start to finish and Mr. Cooper® Real Estate Rewards can even connect you with a top-performing real estate agent who can potentially save you thousands.*

Fort Lauderdale, FL Mr. Cooper Customer Reviews

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

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