The Process of Buying a Home in Dedham, MD

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Get Familiar with the Lay of the Land in Dedham, MD

Thinking about buying a home in Dedham? Awesome! You selected a colorful city with a dynamic selection 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 nationwide and have the inside scoop on Dedham's housing scene.

Dedham is growing by the day, which means Dedham homes don't always come cheap. Sustained support for local businesses and cultural growth have helped to attract entrepreneurs, retirees, and new graduates to the Dedham area, but so much change also means a strain on housing options, school capacities, and city roads. That said, Dedham and its nearby areas still offer a wide range of home types and prices. You can find townhomes, condos, single-family homes, duplexes, and (hopefully) your dream house! When looking to buy a house in Dedham, consider how near or far away the home is from the places you visit most. If you can, 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 Dedham will also help you get a feel for how homes in east Dedham differ from west Dedham, what the neighborhoods are like, and where to find Dedham's hottest attractions.

Are your finances in the right place to buy a home in Dedham? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We believe in keeping the dream of homeownership alive and work to make every stage of the journey more enjoyable and less worrisome. It doesn't matter whether you want to buy a home in Maryland or somewhere else entirely. We help first-time homeowners and experienced homeowners alike. Walk through the following steps to help you figure out if your finances are in the right place to buy a house in Dedham.

Before anything else, calculate how much house you can afford. This will help determine the price range for your Dedham house hunt. Then, map out your 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 Dedham will usually point you in the right direction. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Next, consider how much you can contribute to a down payment. Putting at least 20% down will increase 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. This is where getting prequalified for a mortgage comes in handy. 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. The healthier your credit is, the more mortgage options you may have open to you— and more options are always good!

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

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 Dedham. Contact Mr. Cooper as you prepare to buy a house in Dedham. 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.*

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