What to Know Before Buying a Home in Ankeny, IA

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Understanding the Ankeny, IA Housing Landscape

Ready to lay down some roots and buy a house in Ankeny? Awesome! You picked a colorful city with an ideal amount of parks, businesses, and educational opportunities, and we're here to help make your home purchase and move a little easier. We serve 3.8 million customers across the country and have the inside scoop on Ankeny's housing scene.

Ankeny is growing by the day, which means Ankeny homes don't always come cheap. Ongoing economic growth and cultural expansion have helped to attract retirees, new businesses, and young families to the Ankeny area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. That said, Ankeny and its nearby areas still offer a variety of homes in price and amenities. You can find townhomes, condos, single-family homes, duplexes, and (hopefully) your dream house! When looking to buy a house in Ankeny, 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 home's location will influence almost every aspect of your life. Traveling around Ankeny will also give you an idea of why homes in west Ankeny are priced differently than homes in east Ankeny, what the neighborhoods are like, and where to find Ankeny's hottest attractions.

Are your finances in the right place to buy a home in Ankeny? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We think the dream of homeownership should never fade and work to make the journey less worrisome and more rewarding every step of the way. You could choose to buy a home in Iowa or elsewhere. We work with new and experienced homeowners alike. Walk through the following steps to help you determine if you're financially ready to buy a home in Ankeny.

First, calculate how much house you can afford. This will help you set a price range while house shopping in Ankeny. Next, map out your potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). It's okay if these numbers are educated guesses. Searching the web for Ankeny 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.

Then, look at how much money you can put toward a down payment. A down payment of at least 20% can help increase your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). However, the required down payment will depend on the type of loan you get. This is where getting prequalified for a mortgage comes in handy. Getting prequalified helps you know how much you might be eligible to borrow from a lender. Also, take a good look at your credit. Credit history is an important part of your mortgage application. The healthier your credit is, the more mortgage options you may have open to you— and more options are always good!

Move Up and Out: Buying Your Dream House in Ankeny, IA

Moving remains one of the biggest stressors, despite being a practically universal experience. But moving feels more rewarding when you get to live in a place like Ankeny. Contact Mr. Cooper as you look to buy a home in Ankeny. We're here for you from start to finish 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.*

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