Get Familiar with the Lay of the Land in Fort Walton Beach, FL
Ready to lay down some roots and buy a house in Fort Walton Beach? Great idea! You picked a colorful city with a dynamic selection of educational opportunities, businesses, and parks, and we're here to help the home purchase process go a little smoother. We support 3.8 million customers across the country and have the inside scoop on Fort Walton Beach's housing scene.
Given all of Florida's growth, Fort Walton Beach homes aren't always easy to find at a comfortable price. Ongoing support for local businesses and cultural growth have helped to entice entrepreneurs, retirees, and new graduates to the Fort Walton Beach area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Even so, Fort Walton Beach and the surrounding areas still offer an array of home styles and prices. You can find single-family homes, condos, townhomes, and (ideally) your dream house! When buying a house in Fort Walton Beach, consider how near or far away the home is from the places you visit most. If possible, test drive your route to work, school, and the grocery store. Your house's location will affect everything, from your morning routine to how you spend your evenings. Exploring Fort Walton Beach will also help you get a feel for how homes in east Fort Walton Beach differ from west Fort Walton Beach, what the communities are like, and where to find Fort Walton Beach's coolest attractions.
Are your finances in the right place to buy a home in Fort Walton Beach? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We think the dream of homeownership should never fade 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 Florida or somewhere else entirely. We work with first-time homeowners and experienced homeowners alike. Walk through the following steps to help you figure out if your finances are in the right place to buy a house in Fort Walton Beach.
First, estimate how much house you can afford. This will help you narrow your search when house hunting in Fort Walton Beach. After that, add up the potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). You don't need an exact amount for these expenses. Everyone's situation will differ, but a quick online search for average expenses in Fort Walton Beach will usually point you in the right direction. Keep in mind that a mortgage payment could make up the majority of most homeowners’ monthly household expenses.
Then, look at how much money you can put toward 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). However, down payment requirements can differ depending on the loan type. At this stage, getting prequalified for a loan can be extremely helpful. 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 who doesn't want more choices in life?
Make Your Move: Buy a Home in Fort Walton Beach, FL
Moving remains one of the biggest stressors, despite being a practically universal experience. But moving feels more rewarding when you get to live in a place like Fort Walton Beach. Contact Mr. Cooper as you look to buy a home in Fort Walton Beach. We're here for you from start to finish and Mr. Cooper® Real Estate Rewards can even put you in touch with a vetted real estate agent who can potentially help you save thousands of dollars.*
- Buyer’s Bonus Credit is not available in AK, IA, KS, LA, MS, MO, OK, OR & TN.
- ** Listing Commission Disclosure: Mr. Cooper Real Estate Rewards agents have agreed to 1.99% seller’s agent commission and recommend 2% buyer’s agent commission for a total listing commission of 3.99%. Buyer’s agent commission can be changed at seller’s discretion.
- Mr. Cooper Real Estate Rewards is a service mark of Nationstar Mortgage LLC.
- This is not a commitment to lend. All loans are subject to credit and property approval. This offer is nontransferable and may not be combined with any other mortgage offer. Advertised offer is subject to change. If a personal code is present on the advertised offer, you must provide such code to claim the offer. We may gather information about you including, but not limited to, credit bureau information, information for verification of income, information for appraisal and verification of property being used for collateral. We also verify your identity. Income, assets, and debt must meet eligibility requirements as established by Government and/or Lender guidelines.