What to Know Before Buying a Home in Fayetteville, GA

Busy? Have us call you back. Call Me Back

More Information

Get Familiar with the Lay of the Land in Fayetteville, GA

Ready to lay down some roots and buy a house in Fayetteville? Congratulations! You selected an energetic city with an ideal amount of parks, businesses, and educational opportunities, and we're here to help the home purchase process go a little smoother. We service 3.8 million customers across the country and are familiar with the ins-and-outs of the Fayetteville housing market.

Fayetteville'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 cultural expansion and economic growth have helped to attract retirees, new businesses, and young families to the Fayetteville area, but so much change also means a strain on housing options, school capacities, and city roads. Even so, Fayetteville and its nearby areas still offer a wide range of home types and prices. You can find townhomes, condos, single-family homes, duplexes, and (fingers-crossed) your dream home! When buying a house in Fayetteville, 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 Fayetteville will also give you an idea of why homes in west Fayetteville are priced differently than homes in east Fayetteville, where to find Fayetteville's most popular attractions, and what the neighborhoods are like.

You're ready to buy a house in Fayetteville, 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 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 Fayetteville. We support first-time homeowners and experienced homeowners alike. Read through the following steps to help you figure out if your finances are in the right place to buy a house in Fayetteville.

Before anything else, estimate how much house you can afford. This will help you narrow your search when house hunting in Fayetteville. After that, jot down your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). No need to have an exact amount. While everyone's situation is different, an online search for Fayetteville averages will usually give you some solid estimates. 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. Placing a minimum of 20% down can boost your chances of getting a favorable 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. 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, 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!

It's Go Time! Buy a House in Fayetteville, GA

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But moving feels more rewarding when you get to live in a place like Fayetteville. Contact Mr. Cooper as you prepare to buy a house in Fayetteville. 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 Fayetteville, GA

Take it from these Mr. Cooper home buyers and sellers in Fayetteville, GA: We love helping homeowners. Call now to see how we can serve you.

Buying or selling a house in Fayetteville? Mr. Cooper makes it easier.

Put Mr. Cooper in your corner for a better home buying or selling experience.