What to Know Before Buying a Home in Naperville, IL

Busy? Have us call you back. Call Me Back

More Information

Exploring Naperville, IL From North to South

Thinking about buying a home in Naperville? Congratulations! You picked an energetic city with a great balance of educational opportunities, businesses, and parks, and we're here to help make your home purchase and move a little easier. We serve 3.8 million customers from coast to coast and have the inside scoop on Naperville's housing scene.

Naperville is growing by the day, which means Naperville homes don't always come cheap. Sustained cultural expansion and economic growth have helped to entice young families, new businesses, and retirees to the Naperville area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. That said, Naperville and the surrounding areas still offer an array of homes in price and amenities. You can find townhomes, condos, single-family homes, duplexes, and (hopefully) your perfect home! When buying a house in Naperville, consider the home's location in relation to your everyday activities. 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. Exploring Naperville will also help you get a feel for how homes in east Naperville differ from west Naperville, what the communities are like, and where to find Naperville's coolest attractions.

Are you financially prepared to buy a house in Naperville? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We believe everyone can find their dream home and work to make every stage of the journey more enjoyable and less worrisome. You could choose to buy a home in Illinois or elsewhere. We work with 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 Naperville.

First, estimate how much house you can afford. This will help you narrow your search when house hunting in Naperville. Then, add up the potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). No need to have an exact amount. Everyone's situation will differ, but a quick online search for average expenses in Naperville will usually point you in the right direction. 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. 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). That said, down payment requirements can differ depending on the loan type. 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. You may be presented with more mortgage options if you have healthy credit— and more options are always good!

Move Up and Out: Buying Your Dream House in Naperville, 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 Naperville. Contact Mr. Cooper as you prepare to buy a house in Naperville. 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 Customer Reviews for Naperville, IL

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

Buying or selling a house in Naperville? 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.