What to Know Before Buying a Home in Kalamazoo, MI

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Understanding the Kalamazoo, MI Housing Landscape

Thinking about buying a home in Kalamazoo? Awesome! You picked an energetic city with an ideal amount of parks, businesses, and educational opportunities, and we're here to help make your home purchase and move a little easier. We service 3.8 million customers nationwide and know the Kalamazoo housing market well.

Given all of Michigan's growth, Kalamazoo homes aren't always easy to find at a comfortable price. Sustained support for local businesses and cultural growth have helped to beckon young families, new businesses, and retirees to the Kalamazoo area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Even so, Kalamazoo and its nearby areas still offer a variety of homes in price and amenities. You can find single-family homes, condos, townhomes, and (fingers-crossed) your dream home! When looking to buy a house in Kalamazoo, double check that you're factoring in the home's distance from your daily 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. Exploring Kalamazoo will also help you get a feel for how homes in east Kalamazoo differ from west Kalamazoo, where to find Kalamazoo's most popular attractions, and what the neighborhoods are like.

You're ready to buy a house in Kalamazoo, but is your bank account? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. 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 Michigan or elsewhere. We help new and experienced homeowners alike. Start with the following steps to help you figure out if your finances are in the right place to buy a house in Kalamazoo.

First, calculate how much house you can afford. This will help you narrow your search when house hunting in Kalamazoo. Next, map out your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). You don't need an exact amount for these expenses. While everyone's situation is different, an online search for Kalamazoo averages will usually give you some solid estimates. 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 great 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. 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, take a good look at your credit. Lenders place a high importance on credit history when looking at your mortgage application. The better your credit is, the more mortgage options you may be presented with— and who doesn't want more choices in life?

Move Up and Out: Buying Your Dream House in Kalamazoo, MI

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 Kalamazoo. Contact Mr. Cooper as you prepare to buy a house in Kalamazoo. 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 Kalamazoo, MI

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

Buying or selling a house in Kalamazoo? 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.