What to Know Before Buying a Home in Maitland, FL

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Understanding the Maitland, FL Housing Landscape

Ready to lay down some roots and buy a house in Maitland? Smart move! You picked a lively 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 serve 3.8 million customers nationwide and are familiar with the ins-and-outs of the Maitland housing market.

Maitland is growing by the day, which means Maitland homes don't always come cheap. Continued economic growth and cultural expansion have helped to beckon retirees, new businesses, and young families to the Maitland area, but so much change also means a strain on housing options, school capacities, and city roads. That said, Maitland and the surrounding areas still offer an array of homes in price and amenities. You can find single-family homes, condos, townhomes, and (ideally) your dream house! When buying a home in Maitland, consider how near or far away the home is from the places you visit most. If you can, test drive your route to work, school, and the grocery store. Your home's location will influence almost every aspect of your life. Exploring Maitland will also help you get a feel for how homes in east Maitland differ from west Maitland, what the neighborhoods are like, and where to find Maitland's hottest attractions.

You're ready to buy a house in Maitland, 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. You don't even have to stick with your decision to buy a house in Maitland. We support experienced homeowners and first-time homeowners alike. Start with the following steps to help you determine if you're financially ready to buy a home in Maitland.

Before anything else, estimate how much house you can afford. This will help determine the price range for your Maitland house hunt. After that, add up the potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). No need to have an exact amount. Searching the web for Maitland 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.

Then, figure out what a realistic down payment would be for you. Placing a minimum of 20% down can increase 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. 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, 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!

Move Up and Out: Buying Your Dream House in Maitland, 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 Maitland, moving doesn't seem so challenging. Contact Mr. Cooper as you get ready to buy a house in Maitland. We're here to help you along 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.*

Mr. Cooper Customer Reviews for Maitland, FL

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