The Process of Buying a Home in Harvey, IL

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Exploring Harvey, IL From North to South

Ready to lay down some roots and buy a house in Harvey? Awesome! You picked a colorful city with a dynamic selection of parks, businesses, and educational opportunities, 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 Harvey housing market well.

Harvey'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 entrepreneurs, retirees, and new graduates to the Harvey area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Even so, Harvey and its nearby areas still offer a wide range of home styles and prices. You can find single-family homes, condos, townhomes, and (fingers-crossed) your dream home! When looking to buy a house in Harvey, double check that you're factoring in the home's distance from your daily activities. If possible, drive the route you'd take from the house to your school, office, and favorite hangout spot. The location of your house will impact virtually every part of your life. Discovering different parts of Harvey will help you see how the northern part differs from the southern part, what the communities are like, and where to find Harvey's coolest attractions.

Are your finances in the right place to buy a home in Harvey? 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. You don't even have to stick with your decision to buy a house in Harvey. We help 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 Harvey.

First, estimate how much house you can afford. This will help you set a price range while house shopping in Harvey. Then, map out your potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). No need to have an exact amount. While everyone's situation is different, an online search for Harvey 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.

Then, figure out what a realistic down payment would be for you. A down payment of at least 20% can help boost your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). That said, the minimum down payment requirements depend on the type of loan. Here's where it can help to get prequalified for a mortgage. Getting prequalified will give you an idea of how much you might qualify to borrow. Also, consider your credit profile. Lenders place a high importance on credit history when looking at your mortgage application. The healthier your credit is, the more mortgage options you may have open to you— and more options are always good!

Move Up and Out: Buying Your Dream House in Harvey, 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 Harvey. Contact Mr. Cooper as you get ready to buy a house in Harvey. We're here for you every step of 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.*

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Simplify the home buying or selling process in Harvey with Mr. Cooper.

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