What to Know Before Buying a Home in Des Plaines, IL

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Understanding the Des Plaines, IL Housing Landscape

Thinking about buying a home in Des Plaines? Congratulations! You picked a vibrant city with a dynamic selection of parks, businesses, and educational opportunities, and we're here to help the home purchase process go a little smoother. We support 3.8 million customers nationwide and are familiar with the ins-and-outs of the Des Plaines housing market.

Des Plaines'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. Ongoing cultural expansion and economic growth have helped to entice young families, new businesses, and retirees to the Des Plaines area, but so much change also means more traffic, more competition, and a need for more schools. Despite this, Des Plaines and its neighboring areas still offer an array of homes in price and amenities. You can find single-family homes, condos, townhomes, and (ideally) your dream house! When looking to buy a house in Des Plaines, consider how near or far away the home is from the places you visit most. If you can, test drive your route to work, school, and the grocery store. Your house's location will affect everything, from your morning routine to how you spend your evenings. Traveling around Des Plaines will also give you an idea of why homes in west Des Plaines are priced differently than homes in east Des Plaines, what the communities are like, and where to find Des Plaines's coolest attractions.

You're ready to buy a house in Des Plaines, but is your bank account? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We believe in keeping the dream of homeownership alive and try our best to make the journey easier and more rewarding. It doesn't matter whether you want to buy a home in Illinois or somewhere else entirely. We support new and experienced homeowners alike. Read through the following steps to help you see if you're in a good financial position to buy a house in Des Plaines.

First, calculate how much house you can afford. This will help determine the price range for your Des Plaines house hunt. After that, 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. While everyone's situation is different, an online search for Des Plaines averages will usually give you some solid estimates. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Now, figure out what a realistic down payment would be for you. Placing a minimum of 20% down can increase your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). However, the minimum down payment requirements depend on the type of loan. This is where getting prequalified for a mortgage comes in handy. Getting prequalified will give you an idea of how much you might qualify to borrow. Also, take a good look at 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 options are always a good thing!

Make Your Move: Buy a Home in Des Plaines, IL

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 Des Plaines. Contact Mr. Cooper as you prepare to buy a house in Des Plaines. We're here to help you along the way 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.*

Mr. Cooper Reviews from Real Customers in Des Plaines, IL

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

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

Mr. Cooper works to save buyers and sellers money at every stage of their journey, from real estate commissions to closing costs.