The Process of Buying a Home in Montgomery, IL

Busy? Have us call you back. Call Me Back

More Information

Exploring Montgomery, IL From North to South

Strongly considering a home purchase in Montgomery? Congratulations! You selected a vibrant city with an ideal amount of educational opportunities, businesses, and parks, and we're here to help make your house hunt, purchase, and move more streamlined. We service 3.8 million customers across the country and have the inside scoop on Montgomery's housing scene.

Montgomery is growing by the day, which means Montgomery homes don't always come cheap. Sustained support for local businesses and cultural growth have helped to entice retirees, new businesses, and young families to the Montgomery area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Despite this, Montgomery and its nearby areas still offer a wide range of home styles and prices. You can find duplexes, single-family homes, townhomes, condos, and (hopefully) your dream house! When buying a house in Montgomery, consider how near or far away the home is from the places you visit most. If you can, test drive your trip from the house to work, school, and the grocery store. Your home's location will influence almost every aspect of your life. Traveling around Montgomery will also give you an idea of why homes in west Montgomery are priced differently than homes in east Montgomery, where to find Montgomery's most popular attractions, and what the neighborhoods are like.

Are your finances in the right place to buy a home in Montgomery? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We believe everyone can find their dream home and work to make the journey less worrisome and more rewarding every step of the way. You don't even have to stick with your decision to buy a house in Montgomery. We work with new and experienced homeowners alike. Read through the following steps to help you figure out if your finances are in the right place to buy a house in Montgomery.

First, calculate how much house you can afford. This will help determine the price range for your Montgomery house hunt. Next, jot down your potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). You don't need an exact amount for these expenses. Searching the web for Montgomery averages will usually give you a solid estimate, though everyone's situation is different. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Next, figure out what a realistic down payment would be for you. A down payment of at least 20% can help boost 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. 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 better your credit is, the more mortgage options you may be presented with— and who doesn't want more choices in life?

It's Go Time! Buy a House in Montgomery, IL

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But moving can also be incredibly rewarding, especially when you get to live in an amazing city like Montgomery. Contact Mr. Cooper as you look to buy a home in Montgomery. We're here for you every step of 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 Reviews from Real Customers in Montgomery, IL

Read actual reviews from actual Mr. Cooper customers in Montgomery, IL. Then call us to see how we can help you.

Make buying or selling a Montgomery home easier.

Work with Mr. Cooper and get the support you need to make the home buying or selling process smoother.