What to Know Before Buying a Home in Windham, ME

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Understanding the Windham, ME Housing Landscape

Ready to lay down some roots and buy a house in Windham? Awesome! You've chosen a lively city with a great balance of educational opportunities, businesses, and parks, and we're here to help make your home purchase and move a little easier. We service 3.8 million customers from coast to coast and know the Windham housing market well.

Windham'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 beckon young families, new businesses, and retirees to the Windham area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. That said, Windham and the surrounding areas still offer a variety of home styles and prices. You can find townhomes, condos, single-family homes, duplexes, and (fingers-crossed) your perfect home! When buying a house in Windham, double check that you're factoring in the home's distance from your daily activities. If you can, test drive your route to work, school, and the grocery store. Your house's location will affect everything, from your morning routine to how you spend your evenings. Discovering different parts of Windham will help you see how the northern part differs from the southern part, what the neighborhoods are like, and where to find Windham's hottest attractions.

Are you financially prepared to buy a house in Windham? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We think the dream of homeownership should never fade 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 new and experienced 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 Windham.

First, estimate how much house you can afford. This will help you narrow your search when house hunting in Windham. Next, map out your potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). No need to have an exact amount. Searching the web for Windham averages will usually give you a solid estimate, though everyone's situation is different. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Now, look at how much money you can put toward a down payment. A down payment of at least 20% can help boost your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). That said, 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 helps you know how much you might be eligible to borrow from a lender. Also, take a good look at your credit. Credit history is an important part of 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 Windham, 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 Windham, moving doesn't seem so challenging. Contact Mr. Cooper as you prepare to buy a house in Windham. We're here for you from start to finish and Mr. Cooper® Real Estate Rewards can even connect you with a top-performing real estate agent who can potentially save you thousands.*

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Buying or selling a house in Windham? Mr. Cooper makes it easier.

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