What to Know Before Buying a Home in Fort Wayne, IN

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Exploring Fort Wayne, IN From North to South

Strongly considering a home purchase in Fort Wayne? Smart move! You picked an energetic city with a great balance of businesses, schools, restaurants 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 Fort Wayne's housing scene.

Fort Wayne is growing by the day, which means Fort Wayne homes don't always come cheap. Sustained cultural expansion and economic growth have helped to attract retirees, new businesses, and young families to the Fort Wayne area, but so much change also means more traffic, more competition, and a need for more schools. Even so, Fort Wayne and its neighboring areas still offer a variety of home styles and prices. You can find single-family homes, condos, townhomes, and (fingers-crossed) your perfect home! When looking to buy a house in Fort Wayne, consider how near or far away the home is from the places you visit most. If possible, test drive your trip from the house to work, school, and the grocery store. The location of your house will impact virtually every part of your life. Exploring Fort Wayne will also help you get a feel for how homes in east Fort Wayne differ from west Fort Wayne, what the communities are like, and where to find Fort Wayne's coolest attractions.

Are your finances in the right place to buy a home in Fort Wayne? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We believe in keeping the dream of homeownership alive 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 Indiana or somewhere else entirely. We serve new and experienced homeowners alike. Start with the following steps to help you figure out if your finances are in the right place to buy a house in Fort Wayne.

First, estimate how much house you can afford. This will help determine the price range for your Fort Wayne house hunt. Next, map out your potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, 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 Fort Wayne 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.

Next, 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. 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, consider your credit profile. Lenders place a high importance on credit history when looking at 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 Fort Wayne, IN

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 Fort Wayne. Contact Mr. Cooper as you prepare to buy a house in Fort Wayne. We're here to help you along 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 Fort Wayne, IN

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