What to Know Before Buying a Home in Opelousas, LA

Busy? Have us call you back. Call Me Back

More Information

Get Familiar with the Lay of the Land in Opelousas, LA

Thinking about buying a home in Opelousas? Smart move! You selected a colorful city with a dynamic selection of parks, businesses, and educational opportunities, and we're here to help the home purchase process go a little smoother. We support 3.8 million customers nationwide and know the Opelousas housing market well.

Opelousas is growing by the day, which means Opelousas homes don't always come cheap. Continued support for local businesses and cultural growth have helped to attract entrepreneurs, retirees, and new graduates to the Opelousas area, but so much change also means a strain on housing options, school capacities, and city roads. That said, Opelousas and its neighboring areas still offer an array of home styles and prices. You can find duplexes, single-family homes, townhomes, condos, and (fingers-crossed) your dream house! When buying a home in Opelousas, 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. The location of your house will impact virtually every part of your life. Traveling around Opelousas will also give you an idea of why homes in west Opelousas are priced differently than homes in east Opelousas, what the communities are like, and where to find Opelousas's coolest attractions.

Are your finances in the right place to buy a home in Opelousas? 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. You don't even have to stick with your decision to buy a house in Opelousas. We serve experienced homeowners and first-time homeowners alike. Walk through the following steps to help you determine if you're financially ready to buy a home in Opelousas.

First, estimate how much house you can afford. This will help you set a price range while house shopping in Opelousas. Next, map out your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, 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 Opelousas 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.

Then, consider how much you can contribute to a down payment. A down payment of at least 20% can help improve your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). Even so, the minimum down payment requirements depend on the type of loan. At this stage, getting prequalified for a loan can be extremely helpful. Prequalification points you in the right direction as far as how much you may be eligible to borrow. Also, consider your credit profile. Credit history is an important part of 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 Opelousas, LA

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But moving feels more rewarding when you get to live in a place like Opelousas. Contact Mr. Cooper as you prepare to buy a house in Opelousas. We're here for you every step of 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.*

Opelousas, LA Mr. Cooper Customer Reviews

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

Simplify the home buying or selling process in Opelousas with Mr. Cooper.

Work with Mr. Cooper and get the support you need to make the home buying or selling process smoother.