All About Buying a House in Framingham, MA

Busy? Have us call you back. Call Me Back

More Information

Get Familiar with the Lay of the Land in Framingham, MA

Strongly considering a home purchase in Framingham? Smart move! You picked an energetic 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 support 3.8 million customers across the country and are familiar with the ins-and-outs of the Framingham housing market.

Given all of Massachusetts's growth, Framingham homes aren't always easy to find at a comfortable price. Sustained support for local businesses and cultural growth have helped to beckon entrepreneurs, retirees, and new graduates to the Framingham area, but so much change also means a strain on housing options, school capacities, and city roads. Despite this, Framingham and its nearby areas still offer a wide range of home types and prices. You can find single-family homes, condos, townhomes, and (fingers-crossed) your perfect home! When buying a house in Framingham, 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. Traveling around Framingham will also give you an idea of why homes in west Framingham are priced differently than homes in east Framingham, where to find Framingham's most popular attractions, and what the neighborhoods are like.

Are you financially prepared to buy a house in Framingham? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. 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 could choose to buy a home in Massachusetts or elsewhere. We serve new and experienced homeowners alike. Walk through the following steps to help you see if you're in a good financial position to buy a house in Framingham.

First, calculate how much house you can afford. This will help you set a price range while house shopping in Framingham. After that, map out your potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). You don't need an exact amount for these expenses. Everyone's situation will differ, but a quick online search for average expenses in Framingham 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.

Then, figure out what a realistic down payment would be for you. Putting at least 20% down will improve your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). However, 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, check your credit. Credit history is an important part of your mortgage application. You may be presented with more mortgage options if you have healthy credit— and options are always a good thing!

It's Go Time! Buy a House in Framingham, MA

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 feels more rewarding when you get to live in a place like Framingham. Contact Mr. Cooper as you get ready to buy a house in Framingham. We're here for you every step of the way and Mr. Cooper® Real Estate Rewards can even connect you with a top-performing real estate agent who can potentially save you thousands.*

Mr. Cooper Reviews from Real Customers in Framingham, MA

Read real stories from real Mr. Cooper home buyers and sellers in Framingham, MA. Then contact us to see what we can do for you.

Buying or selling a house in Framingham? 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.