All About Buying a House in Auburn, ME

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Get Familiar with the Lay of the Land in Auburn, ME

Thinking about buying a home in Auburn? Smart move! You've chosen a colorful city with an ideal amount of businesses, schools, restaurants and parks, and we're here to help make your house hunt, purchase, and move more streamlined. We service 3.8 million customers across the country and know the Auburn housing market well.

Auburn'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. Continued support for local businesses and cultural growth have helped to entice retirees, new businesses, and young families to the Auburn area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Despite this, Auburn and the surrounding areas still offer an array of home types and prices. You can find duplexes, single-family homes, townhomes, condos, and (hopefully) your dream home! When looking to buy a house in Auburn, consider the home's location in relation to your everyday activities. If possible, 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 Auburn will also help you get a feel for how homes in east Auburn differ from west Auburn, what the neighborhoods are like, and where to find Auburn's hottest attractions.

Are your finances in the right place to buy a home in Auburn? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We believe in keeping the dream of homeownership alive and try our best to make the journey easier and more rewarding. It doesn't matter whether you want to buy a home in Maine or somewhere else entirely. We work with first-time homeowners and experienced homeowners alike. Start with the following steps to help you see if you're in a good financial position to buy a house in Auburn.

Before anything else, estimate how much house you can afford. This will help you narrow your search when house hunting in Auburn. Next, 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 Auburn will usually point you in the right direction. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Next, look at how much money you can put toward a down payment. Putting at least 20% down will improve your chances of getting a great 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. Prequalification points you in the right direction as far as how much you may be eligible to borrow. Also, take a good look at your credit. Lenders place a high importance on credit history when looking at 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?

It's Go Time! Buy a House in Auburn, ME

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 Auburn, moving doesn't seem so challenging. Contact Mr. Cooper as you get ready to buy a house in Auburn. 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.*

Auburn, ME Mr. Cooper Customer Reviews

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

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Mr. Cooper works to save buyers and sellers money at every stage of their journey, from real estate commissions to closing costs.