All About Buying a House in Marshalltown, IA

Busy? Have us call you back. Call Me Back

More Information

Understanding the Marshalltown, IA Housing Landscape

Thinking about buying a home in Marshalltown? Congratulations! You picked a vibrant city with a great balance of businesses, schools, restaurants and parks, and we're here to help make your home purchase and move a little easier. We serve 3.8 million customers from coast to coast and know the Marshalltown housing market well.

Marshalltown is growing by the day, which means Marshalltown homes don't always come cheap. Ongoing cultural expansion and economic growth have helped to beckon retirees, new businesses, and young families to the Marshalltown area, but so much change also means a strain on housing options, school capacities, and city roads. Despite this, Marshalltown and the surrounding areas still offer a variety of homes in price and amenities. You can find single-family homes, condos, townhomes, and (hopefully) your dream home! When looking to buy a house in Marshalltown, double check that you're factoring in the home's distance from your daily activities. If you can, 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. Exploring Marshalltown will also help you get a feel for how homes in east Marshalltown differ from west Marshalltown, where to find Marshalltown's most popular attractions, and what the neighborhoods are like.

Are your finances in the right place to buy a home in Marshalltown? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. 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 Iowa or elsewhere. We help 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 Marshalltown.

First, estimate how much house you can afford. This will help you set a price range while house shopping in Marshalltown. After that, add up the potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, 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 Marshalltown will usually point you in the right direction. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Next, 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 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. Here's where it can help to get prequalified for a mortgage. 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 one of the main factors that lenders look at when considering your mortgage application. The better your credit is, the more mortgage options you may be presented with— and more options are always good!

It's Go Time! Buy a House in Marshalltown, IA

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 Marshalltown. Contact Mr. Cooper as you get ready to buy a house in Marshalltown. 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 Customer Reviews for Marshalltown, IA

Read real stories from real Mr. Cooper home buyers and sellers in Marshalltown, IA. Then contact us to see what we can do for you.

Buying or selling a house in Marshalltown? 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.