The Process of Buying a Home in Leesburg, FL

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

Thinking about buying a home in Leesburg? Congratulations! You picked a lively city with a dynamic selection of parks, businesses, and educational opportunities, and we're here to help make your house hunt, purchase, and move more streamlined. We service 3.8 million customers across the country and have the inside scoop on Leesburg's housing scene.

Leesburg'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 Leesburg area, but so much change also means more traffic, more competition, and a need for more schools. Even so, Leesburg and its neighboring areas still offer an array of home styles and prices. You can find duplexes, single-family homes, townhomes, condos, and (ideally) your dream home! When looking to buy a house in Leesburg, 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. Discovering different parts of Leesburg will help you see how the northern part differs from the southern part, what the communities are like, and where to find Leesburg's coolest attractions.

Are your finances in the right place to buy a home in Leesburg? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We believe in keeping the dream of homeownership alive and try our best to make the journey easier and more rewarding. You could choose to buy a home in Florida or elsewhere. We help first-time homeowners and experienced homeowners alike. Start with the following steps to help you determine if you're financially ready to buy a home in Leesburg.

Before anything else, calculate how much house you can afford. This will help you set a price range while house shopping in Leesburg. Next, jot down your potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). You don't need an exact amount for these expenses. Searching the web for Leesburg averages will usually give you a solid estimate, though everyone's situation is different. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Now, 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 minimum down payment requirements depend on the type of loan. This is where getting prequalified for a mortgage comes in handy. Getting prequalified helps you know how much you might be eligible to borrow from a lender. Also, consider your credit profile. Lenders place a high importance on credit history when looking at your mortgage application. The healthier your credit is, the more mortgage options you may have open to you— and who doesn't want more choices in life?

Move Up and Out: Buying Your Dream House in Leesburg, FL

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But when you get to live in a stellar city like Leesburg, moving doesn't seem so challenging. Contact Mr. Cooper as you prepare to buy a house in Leesburg. We're here for you every step of the way 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.*

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Simplify the home buying or selling process in Leesburg with Mr. Cooper.

Mr. Cooper works to save buyers and sellers money at every stage of their journey, from real estate commissions to closing costs.