What to Know Before Buying a Home in East Point, GA

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Get Familiar with the Lay of the Land in East Point, GA

Thinking about buying a home in East Point? Great idea! You picked an energetic 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 service 3.8 million customers from coast to coast and are familiar with the ins-and-outs of the East Point housing market.

Given all of Georgia's growth, East Point homes aren't always easy to find at a comfortable price. Sustained support for local businesses and cultural growth have helped to beckon entrepreneurs, retirees, and new graduates to the East Point area, but so much change also means a strain on housing options, school capacities, and city roads. Despite this, East Point and the surrounding areas still offer an array of home styles and prices. You can find townhomes, condos, single-family homes, duplexes, and (ideally) your perfect home! When looking to buy a house in East Point, 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 home's location will influence almost every aspect of your life. Traveling around East Point will also give you an idea of why homes in west East Point are priced differently than homes in east East Point, what the communities are like, and where to find East Point's coolest attractions.

Are you financially prepared to buy a house in East Point? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We believe in keeping the dream of homeownership alive 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 Georgia or somewhere else entirely. We support 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 East Point.

First, calculate how much house you can afford. This will help you narrow your search when house hunting in East Point. After that, jot down your potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, 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 East Point 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.

Now, figure out what a realistic down payment would be for you. A down payment of at least 20% can help improve your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). That said, the minimum down payment requirements depend on the type of loan. This is where getting prequalified for a mortgage comes in handy. 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 an important part of your mortgage application. The better your credit is, the more mortgage options you may be presented with— and more options are always good!

Move Up and Out: Buying Your Dream House in East Point, GA

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 when you get to live in a stellar city like East Point, moving doesn't seem so challenging. Contact Mr. Cooper as you look to buy a home in East Point. 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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