What to Know Before Buying a Home in Blackfoot, ID

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Get Familiar with the Lay of the Land in Blackfoot, ID

Ready to lay down some roots and buy a house in Blackfoot? Congratulations! You've chosen a colorful city with a great balance of parks, businesses, and educational opportunities, and we're here to help the home purchase process go a little smoother. We serve 3.8 million customers across the country and are familiar with the ins-and-outs of the Blackfoot housing market.

Given all of Idaho's growth, Blackfoot homes aren't always easy to find at a comfortable price. Sustained support for local businesses and cultural growth have helped to attract entrepreneurs, retirees, and new graduates to the Blackfoot area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Despite this, Blackfoot and its nearby areas still offer an array of homes in price and amenities. You can find single-family homes, condos, townhomes, and (hopefully) your dream home! When buying a house in Blackfoot, consider how near or far away the home is from the places you visit most. If you can, drive the route you'd take from the house to your school, office, and favorite hangout spot. Your house's location will affect everything, from your morning routine to how you spend your evenings. Exploring Blackfoot will also help you get a feel for how homes in east Blackfoot differ from west Blackfoot, what the neighborhoods are like, and where to find Blackfoot's hottest attractions.

You're ready to buy a house in Blackfoot, but is your bank account? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We think the dream of homeownership should never fade and try our best to make the journey easier and more rewarding. You don't even have to stick with your decision to buy a house in Blackfoot. We work with 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 Blackfoot.

Before anything else, estimate how much house you can afford. This will help determine the price range for your Blackfoot house hunt. Then, jot down your potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). It's okay if these numbers are educated guesses. Everyone's situation will differ, but a quick online search for average expenses in Blackfoot 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). Even so, the minimum down payment requirements depend on the type of loan. At this stage, getting prequalified for a loan can be extremely helpful. Getting prequalified helps you know how much you might be eligible to borrow from a lender. Also, take a good look at your credit. Lenders place a high importance on credit history when looking at your mortgage application. You may be presented with more mortgage options if you have healthy credit— and more options are always good!

It's Go Time! Buy a House in Blackfoot, ID

Moving remains one of the biggest stressors, despite being a practically universal experience. But when you get to live in a stellar city like Blackfoot, moving doesn't seem so challenging. Contact Mr. Cooper as you look to buy a home in Blackfoot. We're here for you from start to finish 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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