What to Know Before Buying a Home in Landover, MD

Busy? Have us call you back. Call Me Back

More Information

Exploring Landover, MD From North to South

Ready to lay down some roots and buy a house in Landover? Great idea! You selected a lively city with an ideal amount 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 are familiar with the ins-and-outs of the Landover housing market.

Landover is growing by the day, which means Landover homes don't always come cheap. Ongoing support for local businesses and cultural growth have helped to attract retirees, new businesses, and young families to the Landover area, but so much change also means more traffic, more competition, and a need for more schools. That said, Landover and the surrounding areas still offer a wide range of home styles and prices. You can find single-family homes, condos, townhomes, and (hopefully) your dream home! When buying a home in Landover, 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. The location of your house will impact virtually every part of your life. Discovering different parts of Landover will help you see how the northern part differs from the southern part, what the communities are like, and where to find Landover's coolest attractions.

Are your finances in the right place to buy a home in Landover? 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 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 help first-time homeowners and experienced homeowners alike. Start with the following steps to help you determine if you're financially ready to buy a home in Landover.

First, calculate how much house you can afford. This will help determine the price range for your Landover house hunt. Then, jot down your potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). No need to have an exact amount. Everyone's situation will differ, but a quick online search for average expenses in Landover 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.

Next, 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). However, the required down payment will depend on the type of loan you get. 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, check 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?

Move Up and Out: Buying Your Dream House in Landover, 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 Landover. Contact Mr. Cooper as you prepare to buy a house in Landover. We're here for you from start to finish 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.*

Mr. Cooper Customer Reviews for Landover, MD

Read actual reviews from actual Mr. Cooper customers in Landover, MD. Then call us to see how we can help you.

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

Work with Mr. Cooper and get the support you need to make the home buying or selling process smoother.