All About Buying a House in Augusta, ME

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Understanding the Augusta, ME Housing Landscape

Ready to lay down some roots and buy a house in Augusta? Awesome! You selected a vibrant city with a dynamic selection of businesses, schools, restaurants and parks, and we're here to help make your home purchase and move a little easier. We service 3.8 million customers across the country and have the inside scoop on Augusta's housing scene.

Given all of Maine's growth, Augusta homes aren't always easy to find at a comfortable price. Sustained support for local businesses and cultural growth have helped to attract entrepreneurs, retirees, and new graduates to the Augusta area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Even so, Augusta and its neighboring areas still offer an array of home types and prices. You can find duplexes, single-family homes, townhomes, condos, and (ideally) your dream house! When buying a home in Augusta, consider how near or far away the home is from the places you visit most. If you can, test drive your route to work, school, and the grocery store. Your home's location will influence almost every aspect of your life. Exploring Augusta will also help you get a feel for how homes in east Augusta differ from west Augusta, where to find Augusta's most popular attractions, and what the neighborhoods are like.

Are your finances in the right place to buy a home in Augusta? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. 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 Augusta. We work with experienced homeowners and first-time 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 Augusta.

First, calculate how much house you can afford. This will help you narrow your search when house hunting in Augusta. After that, map out your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). No need to have an exact amount. While everyone's situation is different, an online search for Augusta 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.

Next, look at how much money you can put toward a down payment. Placing a minimum of 20% down can increase 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, consider your credit profile. Credit history is an important part of your mortgage application. You may be presented with more mortgage options if you have healthy credit— and more options are always good!

Move Up and Out: Buying Your Dream House in Augusta, ME

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But moving can also be incredibly rewarding, especially when you get to live in an amazing city like Augusta. Contact Mr. Cooper as you get ready to buy a house in Augusta. We're here to help you along the way and Mr. Cooper® Real Estate Rewards can even connect you with a top-performing real estate agent who can potentially save you thousands.*

Augusta, ME Mr. Cooper Customer Reviews

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