What to Know Before Buying a Home in Hays, KS

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Get Familiar with the Lay of the Land in Hays, KS

Strongly considering a home purchase in Hays? Congratulations! You picked an energetic city with a dynamic selection of businesses, schools, restaurants and parks, and we're here to help make your house hunt, purchase, and move more streamlined. We serve 3.8 million customers from coast to coast and know the Hays housing market well.

Given all of Kansas's growth, Hays homes aren't always easy to find at a comfortable price. Continued support for local businesses and cultural growth have helped to attract entrepreneurs, retirees, and new graduates to the Hays area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Despite this, Hays and the surrounding areas still offer a wide range of homes in price and amenities. You can find duplexes, single-family homes, townhomes, condos, and (ideally) your dream house! When buying a home in Hays, 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 house's location will affect everything, from your morning routine to how you spend your evenings. Exploring Hays will also help you get a feel for how homes in east Hays differ from west Hays, where to find Hays's most popular attractions, and what the neighborhoods are like.

Are you financially prepared to buy a house in Hays? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We believe in keeping the dream of homeownership alive and work to make the journey less worrisome and more rewarding every step of the way. It doesn't matter whether you want to buy a home in Kansas or somewhere else entirely. We help first-time homeowners and experienced homeowners alike. Read through the following steps to help you determine if you're financially ready to buy a home in Hays.

First, calculate how much house you can afford. This will help you set a price range while house shopping in Hays. Next, map out your potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). No need to have an exact amount. Searching the web for Hays 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, figure out what a realistic down payment would be for you. A down payment of at least 20% can help improve 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. At this stage, getting prequalified for a loan can be extremely helpful. Getting prequalified will give you an idea of how much you might qualify to borrow. 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 who doesn't want more choices in life?

Move Up and Out: Buying Your Dream House in Hays, KS

Moving remains one of the biggest stressors, despite being a practically universal experience. But when you get to live in a stellar city like Hays, moving doesn't seem so challenging. Contact Mr. Cooper as you look to buy a home in Hays. 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.*

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