The Process of Buying a Home in Auburn Hills, MI

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Get Familiar with the Lay of the Land in Auburn Hills, MI

Thinking about buying a home in Auburn Hills? Smart move! You've chosen a colorful city with an ideal amount of educational opportunities, businesses, and parks, and we're here to help the home purchase process go a little smoother. We serve 3.8 million customers from coast to coast and have the inside scoop on Auburn Hills's housing scene.

Auburn Hills's amazing growth has made it a great place to live. But on the flip side, the growth has also led to a shortage of cheaper homes. Continued cultural expansion and economic growth have helped to attract retirees, new businesses, and young families to the Auburn Hills area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. That said, Auburn Hills and its nearby areas still offer a wide range of homes in price and amenities. You can find townhomes, condos, single-family homes, duplexes, and (ideally) your dream home! When looking to buy a house in Auburn Hills, consider the home's location in relation to your everyday activities. 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. Exploring Auburn Hills will also help you get a feel for how homes in east Auburn Hills differ from west Auburn Hills, what the neighborhoods are like, and where to find Auburn Hills's hottest attractions.

Are your finances in the right place to buy a home in Auburn Hills? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We think the dream of homeownership should never fade and try our best to make the journey easier and more rewarding. You could choose to buy a home in Michigan or elsewhere. We work with new and experienced homeowners alike. Start with the following steps to help you see if you're in a good financial position to buy a house in Auburn Hills.

Before anything else, calculate how much house you can afford. This will help you narrow your search when house hunting in Auburn Hills. Then, jot down your potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). You don't need an exact amount for these expenses. While everyone's situation is different, an online search for Auburn Hills averages will usually give you some solid estimates. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Now, figure out what a realistic down payment would be for you. Putting at least 20% down will improve your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). That said, the minimum down payment requirements depend on the type of loan. This is where getting prequalified for a mortgage comes in handy. Getting prequalified helps you know how much you might be eligible to borrow from a lender. Also, take a good look at your credit. Credit history is one of the main factors that lenders look at when considering your mortgage application. You may be presented with more mortgage options if you have healthy credit— and who doesn't want more choices in life?

It's Go Time! Buy a House in Auburn Hills, MI

Moving remains one of the biggest stressors, despite being a practically universal experience. But when you get to live in a stellar city like Auburn Hills, moving doesn't seem so challenging. Contact Mr. Cooper as you prepare to buy a house in Auburn Hills. 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.*

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