What to Know Before Buying a Home in Abingdon, MD

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Understanding the Abingdon, MD Housing Landscape

Thinking about buying a home in Abingdon? Awesome! You picked a lively city with an ideal amount of parks, businesses, and educational opportunities, and we're here to help make your home purchase and move a little easier. We serve 3.8 million customers nationwide and are familiar with the ins-and-outs of the Abingdon housing market.

Abingdon is growing by the day, which means Abingdon homes don't always come cheap. Continued cultural expansion and economic growth have helped to attract entrepreneurs, retirees, and new graduates to the Abingdon area, but so much change also means more traffic, more competition, and a need for more schools. Even so, Abingdon and its neighboring areas still offer a wide range of homes in price and amenities. You can find townhomes, condos, single-family homes, duplexes, and (fingers-crossed) your perfect home! When buying a house in Abingdon, consider how near or far away the home is from the places you visit most. If possible, test drive your route to work, school, and the grocery store. Your home's location will influence almost every aspect of your life. Discovering different parts of Abingdon will help you see how the northern part differs from the southern part, what the communities are like, and where to find Abingdon's coolest attractions.

You're ready to buy a house in Abingdon, but is your bank account? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. 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 Maryland or elsewhere. We work with first-time homeowners and experienced 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 Abingdon.

Before anything else, estimate how much house you can afford. This will help you narrow your search when house hunting in Abingdon. After that, add up the potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). No need to have an exact amount. Everyone's situation will differ, but a quick online search for average expenses in Abingdon 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. Placing a minimum of 20% down can improve your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). However, down payment requirements can differ depending on the loan type. Here's where it can help to get prequalified for a mortgage. Getting prequalified helps you know how much you might be eligible to borrow from a lender. 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!

It's Go Time! Buy a House in Abingdon, MD

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 Abingdon, moving doesn't seem so challenging. Contact Mr. Cooper as you look to buy a home in Abingdon. We're here to help you along the way and Mr. Cooper® Real Estate Rewards can even put you in touch with a vetted real estate agent who can potentially help you save thousands of dollars.*

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