What to Know Before Buying a Home in Lansing, IL

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Get Familiar with the Lay of the Land in Lansing, IL

Thinking about buying a home in Lansing? Smart move! You picked a vibrant city with a great balance of businesses, schools, restaurants and parks, and we're here to help the home purchase process go a little smoother. We service 3.8 million customers nationwide and are familiar with the ins-and-outs of the Lansing housing market.

Lansing is growing by the day, which means Lansing homes don't always come cheap. Continued support for local businesses and cultural growth have helped to attract retirees, new businesses, and young families to the Lansing area, but so much change also means more traffic, more competition, and a need for more schools. Even so, Lansing and its nearby areas still offer a variety of home styles and prices. You can find duplexes, single-family homes, townhomes, condos, and (hopefully) your dream home! When buying a house in Lansing, consider the home's location in relation to your everyday activities. If possible, test drive your route to work, school, and the grocery store. The location of your house will impact virtually every part of your life. Exploring Lansing will also help you get a feel for how homes in east Lansing differ from west Lansing, where to find Lansing's most popular attractions, and what the neighborhoods are like.

Are your finances in the right place to buy a home in Lansing? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We believe everyone can find their dream home and work to make the journey less worrisome and more rewarding every step of the way. It doesn't matter whether you want to buy a home in Illinois or somewhere else entirely. We support first-time homeowners and experienced homeowners alike. Start with the following steps to help you figure out if your finances are in the right place to buy a house in Lansing.

First, calculate how much house you can afford. This will help you set a price range while house shopping in Lansing. Next, jot down your potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). You don't need an exact amount for these expenses. Everyone's situation will differ, but a quick online search for average expenses in Lansing will usually point you in the right direction. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Next, consider how much you can contribute to a down payment. Placing a minimum of 20% down can increase your odds of getting a good 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 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. The healthier your credit is, the more mortgage options you may have open to you— and more options are always good!

Make Your Move: Buy a Home in Lansing, IL

Moving remains one of the biggest stressors, despite being a practically universal experience. But moving can also be incredibly rewarding, especially when you get to live in an amazing city like Lansing. Contact Mr. Cooper as you get ready to buy a house in Lansing. We're here for you from start to finish 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 Reviews from Real Customers in Lansing, IL

Read real stories from real Mr. Cooper home buyers and sellers in Lansing, IL. Then contact us to see what we can do for you.

Buying or selling a house in Lansing? 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.