What to Know Before Buying a Home in Fort Washington, MD

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Exploring Fort Washington, MD From North to South

Strongly considering a home purchase in Fort Washington? Smart move! You've chosen an energetic 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 support 3.8 million customers nationwide and have the inside scoop on Fort Washington's housing scene.

Given all of Maryland's growth, Fort Washington homes aren't always easy to find at a comfortable price. Ongoing economic growth and cultural expansion have helped to attract young families, new businesses, and retirees to the Fort Washington area, but so much change also means more traffic, more competition, and a need for more schools. That said, Fort Washington and its neighboring areas still offer a variety of home styles and prices. You can find duplexes, single-family homes, townhomes, condos, and (hopefully) your dream house! When buying a house in Fort Washington, consider the home's location in relation to your everyday activities. If you can, drive the route you'd take from the house to your school, office, and favorite hangout spot. Your home's location will influence almost every aspect of your life. Discovering different parts of Fort Washington will help you see how the northern part differs from the southern part, where to find Fort Washington's most popular attractions, and what the neighborhoods are like.

Are your finances in the right place to buy a home in Fort Washington? 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 Fort Washington. 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 Fort Washington.

Before anything else, estimate how much house you can afford. This will help you set a price range while house shopping in Fort Washington. Next, jot down 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 Fort Washington will usually point you in the right direction. Keep in mind that a mortgage payment could make up the majority of most homeowners’ monthly household expenses.

Now, consider how much you can contribute to a down payment. Placing a minimum of 20% down can increase your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). However, the minimum down payment requirements depend on the type of loan. 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, 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 who doesn't want more choices in life?

It's Go Time! Buy a House in Fort Washington, 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 moving can also be incredibly rewarding, especially when you get to live in an amazing city like Fort Washington. Contact Mr. Cooper as you get ready to buy a house in Fort Washington. We're here for you every step of 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.*

Fort Washington, MD Mr. Cooper Customer Reviews

Take it from these Mr. Cooper home buyers and sellers in Fort Washington, MD: We love helping homeowners. Call now to see how we can serve you.

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

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