What to Know Before Buying a Home in Tallahassee, FL

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Exploring Tallahassee, FL From North to South

Ready to lay down some roots and buy a house in Tallahassee? Great idea! You've chosen an energetic city with a great balance 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 Tallahassee housing market.

Tallahassee is growing by the day, which means Tallahassee homes don't always come cheap. Continued support for local businesses and cultural growth have helped to beckon young families, new businesses, and retirees to the Tallahassee area, but so much change also means more traffic, more competition, and a need for more schools. Even so, Tallahassee and the surrounding areas still offer a wide range of home types and prices. You can find single-family homes, condos, townhomes, and (fingers-crossed) your dream house! When buying a house in Tallahassee, consider how near or far away the home is from the places you visit most. If possible, test drive your trip from the house 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 Tallahassee will also help you get a feel for how homes in east Tallahassee differ from west Tallahassee, where to find Tallahassee's most popular attractions, and what the neighborhoods are like.

You're ready to buy a house in Tallahassee, 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 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 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 Tallahassee.

First, calculate how much house you can afford. This will help determine the price range for your Tallahassee house hunt. Then, jot down your potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). It's okay if these numbers are educated guesses. Everyone's situation will differ, but a quick online search for average expenses in Tallahassee will usually point you in the right direction. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Next, figure out what a realistic down payment would be for you. A down payment of at least 20% can help increase your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). However, the required down payment will depend on the type of loan you get. At this stage, getting prequalified for a loan can be extremely helpful. Prequalification points you in the right direction as far as how much you may be eligible to borrow. Also, check your credit. 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 Tallahassee, FL

As common as moving is, you'd think we'd all have figured out a less stressful way to do it. And yet, it remains a top stressor in life! But moving can also be incredibly rewarding, especially when you get to live in an amazing city like Tallahassee. Contact Mr. Cooper as you look to buy a home in Tallahassee. We're here to help you along 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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Take it from these Mr. Cooper home buyers and sellers in Tallahassee, FL: We love helping homeowners. Call now to see how we can serve you.

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