All About Buying a House in Washington, IL

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Understanding the Washington, IL Housing Landscape

Ready to lay down some roots and buy a house in Washington? Great idea! You selected a vibrant city with a dynamic selection of parks, businesses, and educational opportunities, and we're here to help make your house hunt, purchase, and move more streamlined. We service 3.8 million customers nationwide and know the Washington housing market well.

Washington is growing by the day, which means Washington homes don't always come cheap. Ongoing cultural expansion and economic growth have helped to beckon retirees, new businesses, and young families to the Washington area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Despite this, Washington and the surrounding areas still offer a wide range of home types and prices. You can find townhomes, condos, single-family homes, duplexes, and (fingers-crossed) your dream house! When looking to buy a house in Washington, double check that you're factoring in the home's distance from your daily activities. If possible, test drive your trip from the house to work, school, and the grocery store. Your house's location will affect everything, from your morning routine to how you spend your evenings. Discovering different parts of Washington will help you see how the northern part differs from the southern part, where to find Washington's most popular attractions, and what the neighborhoods are like.

Are your finances in the right place to buy a home in Washington? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We believe in keeping the dream of homeownership alive 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 serve new and experienced homeowners alike. Walk through the following steps to help you see if you're in a good financial position to buy a house in Washington.

Before anything else, estimate how much house you can afford. This will help you narrow your search when house hunting in Washington. Then, add up the potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, 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 Washington will usually point you in the right direction. Keep in mind that a mortgage payment could make up the majority of most homeowners’ monthly household expenses.

Then, consider how much you can contribute to a down payment. Putting at least 20% down will increase your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). Even so, down payment requirements can differ depending on the loan type. 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, check your credit. Credit history is one of the main factors that lenders look at when considering 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 Washington, 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 Washington. Contact Mr. Cooper as you prepare to buy a house in Washington. 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.*

Washington, IL Mr. Cooper Customer Reviews

Take it from these Mr. Cooper home buyers and sellers in Washington, IL: We love helping homeowners. Call now to see how we can serve you.

Buying or selling a house in Washington? 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.