What to Know Before Buying a Home in Erlanger, KY

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Exploring Erlanger, KY From North to South

Strongly considering a home purchase in Erlanger? Smart move! You've chosen a vibrant city with an ideal amount of educational opportunities, businesses, and parks, and we're here to help make your house hunt, purchase, and move more streamlined. We support 3.8 million customers nationwide and know the Erlanger housing market well.

Erlanger's amazing growth has made it a great place to live. But on the flip side, the growth has also led to a shortage of cheaper homes. Ongoing support for local businesses and cultural growth have helped to attract retirees, new businesses, and young families to the Erlanger area, but so much change also means more traffic, more competition, and a need for more schools. Even so, Erlanger and the surrounding 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 buying a home in Erlanger, consider the home's location in relation to your everyday activities. If you can, 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. Discovering different parts of Erlanger will help you see how the northern part differs from the southern part, what the neighborhoods are like, and where to find Erlanger's hottest attractions.

Are you financially prepared to buy a house in Erlanger? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. 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 Kentucky or elsewhere. We support 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 Erlanger.

First, calculate how much house you can afford. This will help determine the price range for your Erlanger house hunt. After that, add up the potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). It's okay if these numbers are educated guesses. While everyone's situation is different, an online search for Erlanger averages will usually give you some solid estimates. Keep in mind that a mortgage payment could make up the majority of most homeowners’ monthly household expenses.

Then, figure out what a realistic down payment would be for you. Placing a minimum of 20% down can increase your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). That said, down payment requirements can differ depending on the loan type. 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, consider your credit profile. 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?

Make Your Move: Buy a Home in Erlanger, KY

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 when you get to live in a stellar city like Erlanger, moving doesn't seem so challenging. Contact Mr. Cooper as you get ready to buy a house in Erlanger. We're here for you from start to finish and Mr. Cooper® Real Estate Rewards can even connect you with a top-performing real estate agent who can potentially save you thousands.*

Erlanger, KY Mr. Cooper Customer Reviews

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

Buying or selling a house in Erlanger? 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.