What to Know Before Buying a Home in Stone Mountain, GA

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Get Familiar with the Lay of the Land in Stone Mountain, GA

Strongly considering a home purchase in Stone Mountain? Smart move! You've chosen an energetic city with a great balance of businesses, schools, restaurants and parks, and we're here to help make your home purchase and move a little easier. We serve 3.8 million customers from coast to coast and have the inside scoop on Stone Mountain's housing scene.

Given all of Georgia's growth, Stone Mountain 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 Stone Mountain area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. That said, Stone Mountain and its nearby areas still offer an array of home styles and prices. You can find single-family homes, condos, townhomes, and (ideally) your dream house! When buying a house in Stone Mountain, 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. The location of your house will impact virtually every part of your life. Discovering different parts of Stone Mountain will help you see how the northern part differs from the southern part, where to find Stone Mountain's most popular attractions, and what the neighborhoods are like.

You're ready to buy a house in Stone Mountain, 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 try our best to make the journey easier and more rewarding. You could choose to buy a home in Georgia or elsewhere. We serve first-time homeowners and experienced homeowners alike. Read through the following steps to help you determine if you're financially ready to buy a home in Stone Mountain.

First, calculate how much house you can afford. This will help determine the price range for your Stone Mountain house hunt. Then, map out your potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). You don't need an exact amount for these expenses. Searching the web for Stone Mountain 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.

Then, figure out what a realistic down payment would be for you. 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). Even so, the minimum down payment requirements depend on the type of loan. 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, consider your credit profile. 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!

It's Go Time! Buy a House in Stone Mountain, 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 moving feels more rewarding when you get to live in a place like Stone Mountain. Contact Mr. Cooper as you prepare to buy a house in Stone Mountain. We're here for you from start to finish and Mr. Cooper® Real Estate Rewards can even connect you with a high-performing real estate agent who may be able to help you save thousands.*

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