The Process of Buying a Home in Rantoul, IL

Busy? Have us call you back. Call Me Back

More Information

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

Ready to lay down some roots and buy a house in Rantoul? Smart move! You selected an energetic city with a great balance of educational opportunities, businesses, and parks, and we're here to help make your house hunt, purchase, and move more streamlined. We serve 3.8 million customers nationwide and have the inside scoop on Rantoul's housing scene.

Given all of Illinois's growth, Rantoul homes aren't always easy to find at a comfortable price. Continued cultural expansion and economic growth have helped to attract retirees, new businesses, and young families to the Rantoul area, but so much change also means more traffic, more competition, and a need for more schools. Even so, Rantoul and the surrounding areas still offer a variety of homes in price and amenities. You can find duplexes, single-family homes, townhomes, condos, and (ideally) your dream home! When looking to buy a house in Rantoul, 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. Exploring Rantoul will also help you get a feel for how homes in east Rantoul differ from west Rantoul, what the communities are like, and where to find Rantoul's coolest attractions.

You're ready to buy a house in Rantoul, but is your bank account? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We think the dream of homeownership should never fade 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 Rantoul. We help 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 Rantoul.

Before anything else, estimate how much house you can afford. This will help you set a price range while house shopping in Rantoul. Then, add up the potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). You don't need an exact amount for these expenses. While everyone's situation is different, an online search for Rantoul 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.

Now, look at how much money you can put toward a down payment. A down payment of at least 20% can help improve your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). Even so, 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, consider your credit profile. Credit history is an important part of your mortgage application. You may be presented with more mortgage options if you have healthy credit— and who doesn't want more choices in life?

Make Your Move: Buy a Home in Rantoul, IL

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But when you get to live in a stellar city like Rantoul, moving doesn't seem so challenging. Contact Mr. Cooper as you look to buy a home in Rantoul. We're here to help you along the way and Mr. Cooper® Real Estate Rewards can even put you in touch with a vetted real estate agent who can potentially help you save thousands of dollars.*

Mr. Cooper Reviews from Real Customers in Rantoul, IL

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

Make buying or selling a Rantoul home easier.

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