All About Buying a House in Bangor, ME

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Exploring Bangor, ME From North to South

Thinking about buying a home in Bangor? Awesome! You picked a lively 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 serve 3.8 million customers across the country and have the inside scoop on Bangor's housing scene.

Bangor is growing by the day, which means Bangor homes don't always come cheap. Ongoing support for local businesses and cultural growth have helped to beckon young families, new businesses, and retirees to the Bangor area, but so much change also means more traffic, more competition, and a need for more schools. Despite this, Bangor and its nearby areas still offer an array of homes in price and amenities. You can find single-family homes, condos, townhomes, and (fingers-crossed) your dream house! When looking to buy a house in Bangor, double check that you're factoring in the home's distance from your daily activities. If possible, drive the route you'd take from the house to your school, office, and favorite hangout spot. The location of your house will impact virtually every part of your life. Discovering different parts of Bangor will help you see how the northern part differs from the southern part, what the neighborhoods are like, and where to find Bangor's hottest attractions.

You're ready to buy a house in Bangor, but is your bank account? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We believe everyone can find their dream home and work to make every stage of the journey more enjoyable and less worrisome. You could choose to buy a home in Maine or elsewhere. We work with experienced homeowners and first-time 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 Bangor.

Before anything else, calculate how much house you can afford. This will help determine the price range for your Bangor house hunt. After that, 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 Bangor will usually point you in the right direction. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Now, figure out what a realistic down payment would be for you. A down payment of at least 20% can help 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. Here's where it can help to get prequalified for a mortgage. 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 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 Bangor, ME

Moving remains one of the biggest stressors, despite being a practically universal experience. But when you get to live in a stellar city like Bangor, moving doesn't seem so challenging. Contact Mr. Cooper as you prepare to buy a house in Bangor. 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 Bangor, ME

Read real stories from real Mr. Cooper home buyers and sellers in Bangor, ME. Then contact us to see what we can do for you.

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

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