All About Buying a House in Evanston, IL

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Exploring Evanston, IL From North to South

Ready to lay down some roots and buy a house in Evanston? Smart move! You picked a colorful city with a dynamic selection of businesses, schools, restaurants and parks, and we're here to help make your home purchase and move a little easier. We support 3.8 million customers from coast to coast and know the Evanston housing market well.

Evanston'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. Continued economic growth and cultural expansion have helped to attract young families, new businesses, and retirees to the Evanston area, but so much change also means more traffic, more competition, and a need for more schools. Despite this, Evanston and its nearby areas still offer a variety of home types and prices. You can find single-family homes, condos, townhomes, and (hopefully) your perfect home! When buying a house in Evanston, consider how near or far away the home is from the places you visit most. If possible, test drive your route to work, school, and the grocery store. Your home's location will influence almost every aspect of your life. Discovering different parts of Evanston will help you see how the northern part differs from the southern part, what the communities are like, and where to find Evanston's coolest attractions.

Are your finances in the right place to buy a home in Evanston? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We believe in keeping the dream of homeownership alive and try our best to make the journey easier and more rewarding. You could choose to buy a home in Illinois or elsewhere. We serve first-time homeowners 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 Evanston.

First, estimate how much house you can afford. This will help you narrow your search when house hunting in Evanston. After that, map out your potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). It's okay if these numbers are educated guesses. Searching the web for Evanston 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, look at how much money you can put toward a down payment. Placing a minimum of 20% down can improve your chances of getting a great 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. Prequalification points you in the right direction as far as how much you may be eligible to borrow. Also, take a good look at your credit. Credit history is one of the main factors that lenders look at when considering your mortgage application. The better your credit is, the more mortgage options you may be presented with— and more options are always good!

Make Your Move: Buy a Home in Evanston, 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 feels more rewarding when you get to live in a place like Evanston. Contact Mr. Cooper as you look to buy a home in Evanston. We're here to help you along the way and Mr. Cooper® Real Estate Rewards can even connect you with a top-performing real estate agent who can potentially save you thousands.*

Mr. Cooper Customer Reviews for Evanston, IL

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

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