The Process of Buying a Home in Wheeling, IL

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Exploring Wheeling, IL From North to South

Thinking about buying a home in Wheeling? Smart move! You selected a lively 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 support 3.8 million customers across the country and know the Wheeling housing market well.

Given all of Illinois's growth, Wheeling homes aren't always easy to find at a comfortable price. Ongoing cultural expansion and economic growth have helped to attract entrepreneurs, retirees, and new graduates to the Wheeling area, but so much change also means a strain on housing options, school capacities, and city roads. That said, Wheeling and the surrounding areas still offer an array of homes in price and amenities. You can find single-family homes, condos, townhomes, and (fingers-crossed) your dream home! When looking to buy a house in Wheeling, consider the home's location in relation to your everyday activities. If you can, test drive your route to work, school, and the grocery store. The location of your house will impact virtually every part of your life. Traveling around Wheeling will also give you an idea of why homes in west Wheeling are priced differently than homes in east Wheeling, what the communities are like, and where to find Wheeling's coolest attractions.

You're ready to buy a house in Wheeling, but is your bank account? 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 every stage of the journey more enjoyable and less worrisome. It doesn't matter whether you want to buy a home in Illinois or somewhere else entirely. We work with first-time homeowners 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 Wheeling.

Before anything else, calculate how much house you can afford. This will help you narrow your search when house hunting in Wheeling. Next, add up the potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). It's okay if these numbers are educated guesses. While everyone's situation is different, an online search for Wheeling averages will usually give you some solid estimates. Keep in mind that a mortgage payment could make up the majority of most homeowners’ monthly household expenses.

Now, consider how much you can contribute to a down payment. A down payment of at least 20% can help increase your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). That said, the required down payment will depend on the type of loan you get. At this stage, getting prequalified for a loan can be extremely helpful. Prequalification points you in the right direction as far as how much you may be eligible to borrow. Also, consider your credit profile. 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!

Make Your Move: Buy a Home in Wheeling, IL

As common as moving is, you'd think we'd all have figured out a less stressful way to do it. And yet, it remains a top stressor in life! But moving feels more rewarding when you get to live in a place like Wheeling. Contact Mr. Cooper as you get ready to buy a house in Wheeling. 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.*

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Buying or selling a house in Wheeling? 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.