What to Know Before Buying a Home in Merrillville, IN

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Exploring Merrillville, IN From North to South

Strongly considering a home purchase in Merrillville? Awesome! You selected a vibrant city with a great balance of educational opportunities, businesses, and parks, and we're here to help the home purchase process go a little smoother. We serve 3.8 million customers nationwide and know the Merrillville housing market well.

Given all of Indiana's growth, Merrillville homes aren't always easy to find at a comfortable price. Ongoing economic growth and cultural expansion have helped to entice young families, new businesses, and retirees to the Merrillville area, but so much change also means more traffic, more competition, and a need for more schools. That said, Merrillville and the surrounding areas still offer an array of home types and prices. You can find duplexes, single-family homes, townhomes, condos, and (hopefully) your dream house! When buying a house in Merrillville, consider how near or far away the home is from the places you visit most. If possible, test drive your route to work, school, and the grocery store. Your house's location will affect everything, from your morning routine to how you spend your evenings. Exploring Merrillville will also help you get a feel for how homes in east Merrillville differ from west Merrillville, where to find Merrillville's most popular attractions, and what the neighborhoods are like.

Are your finances in the right place to buy a home in Merrillville? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We believe everyone can find their dream home 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 Merrillville. We serve experienced homeowners and first-time homeowners alike. Start with the following steps to help you see if you're in a good financial position to buy a house in Merrillville.

First, estimate how much house you can afford. This will help determine the price range for your Merrillville house hunt. After that, add up the potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). It's okay if these numbers are educated guesses. Searching the web for Merrillville averages will usually give you a solid estimate, though everyone's situation is different. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Next, look at how much money you can put toward a down payment. A down payment of at least 20% can help boost your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). However, down payment requirements can differ depending on the loan type. Here's where it can help to get prequalified for a mortgage. Prequalification points you in the right direction as far as how much you may be eligible 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 options are always a good thing!

Make Your Move: Buy a Home in Merrillville, IN

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 Merrillville, moving doesn't seem so challenging. Contact Mr. Cooper as you get ready to buy a house in Merrillville. 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 Merrillville, IN

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

Buying or selling a house in Merrillville? 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.