What to Know Before Buying a Home in Poinciana, FL

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

Strongly considering a home purchase in Poinciana? Awesome! You picked a lively city with a dynamic selection of parks, businesses, and educational opportunities, and we're here to help the home purchase process go a little smoother. We support 3.8 million customers across the country and are familiar with the ins-and-outs of the Poinciana housing market.

Given all of Florida's growth, Poinciana homes aren't always easy to find at a comfortable price. Ongoing economic growth and cultural expansion have helped to attract entrepreneurs, retirees, and new graduates to the Poinciana area, but so much change also means a strain on housing options, school capacities, and city roads. Despite this, Poinciana and the surrounding areas still offer a wide range of home styles and prices. You can find duplexes, single-family homes, townhomes, condos, and (ideally) your dream house! When buying a house in Poinciana, 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. Traveling around Poinciana will also give you an idea of why homes in west Poinciana are priced differently than homes in east Poinciana, what the communities are like, and where to find Poinciana's coolest attractions.

Are your finances in the right place to buy a home in Poinciana? 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 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 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 Poinciana.

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

Next, look at how much money you can put toward a down payment. A down payment of at least 20% can help improve your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). That said, the minimum down payment requirements depend on the type of loan. Here's where it can help to get prequalified for a mortgage. Getting prequalified helps you know how much you might be eligible to borrow from a lender. Also, check your credit. Credit history is one of the main factors that lenders look at when considering your mortgage application. You may be presented with more mortgage options if you have healthy credit— and options are always a good thing!

It's Go Time! Buy a House in Poinciana, 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 Poinciana, moving doesn't seem so challenging. Contact Mr. Cooper as you prepare to buy a house in Poinciana. 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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