What to Know Before Buying a Home in Nicholasville, KY

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Understanding the Nicholasville, KY Housing Landscape

Thinking about buying a home in Nicholasville? Congratulations! You selected a colorful city with an ideal amount of businesses, schools, restaurants and parks, and we're here to help the home purchase process go a little smoother. We service 3.8 million customers nationwide and know the Nicholasville housing market well.

Nicholasville is growing by the day, which means Nicholasville homes don't always come cheap. Ongoing support for local businesses and cultural growth have helped to entice entrepreneurs, retirees, and new graduates to the Nicholasville area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. That said, Nicholasville and the surrounding areas still offer an array of home styles and prices. You can find single-family homes, condos, townhomes, and (hopefully) your dream home! When buying a home in Nicholasville, double check that you're factoring in the home's distance from your daily activities. If possible, test drive your route to work, school, and the grocery store. The location of your house will impact virtually every part of your life. Discovering different parts of Nicholasville will help you see how the northern part differs from the southern part, where to find Nicholasville's most popular attractions, and what the neighborhoods are like.

Are you financially prepared to buy a house in Nicholasville? 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 every stage of the journey more enjoyable and less worrisome. It doesn't matter whether you want to buy a home in Kentucky or somewhere else entirely. We work with new and experienced homeowners alike. Read through the following steps to help you figure out if your finances are in the right place to buy a house in Nicholasville.

First, estimate how much house you can afford. This will help you set a price range while house shopping in Nicholasville. After that, jot down your potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). No need to have an exact amount. Everyone's situation will differ, but a quick online search for average expenses in Nicholasville will usually point you in the right direction. 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. Placing a minimum of 20% down can boost your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). However, down payment requirements can differ depending on the loan type. At this stage, getting prequalified for a loan can be extremely helpful. Getting prequalified helps you know how much you might be eligible to borrow from a lender. Also, check 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 who doesn't want more choices in life?

Make Your Move: Buy a Home in Nicholasville, KY

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 Nicholasville. Contact Mr. Cooper as you prepare to buy a house in Nicholasville. We're here to help you along the way 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.*

Mr. Cooper Reviews from Real Customers in Nicholasville, KY

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

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