The Process of Buying a Home in Lansing, MI

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Exploring Lansing, MI From North to South

Ready to lay down some roots and buy a house in Lansing? Awesome! You've chosen a vibrant city with a great balance 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 from coast to coast and are familiar with the ins-and-outs of the Lansing housing market.

Given all of Michigan's growth, Lansing homes aren't always easy to find at a comfortable price. Ongoing cultural expansion and economic growth have helped to beckon retirees, new businesses, and young families to the Lansing area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Despite this, Lansing and the surrounding areas still offer a variety of home types and prices. You can find townhomes, condos, single-family homes, duplexes, and (fingers-crossed) your perfect home! When looking to buy a house in Lansing, consider the home's location in relation to your everyday activities. If possible, drive the route you'd take from the house to your school, office, and favorite hangout spot. The location of your house will impact virtually every part of your life. Traveling around Lansing will also give you an idea of why homes in west Lansing are priced differently than homes in east Lansing, where to find Lansing's most popular attractions, and what the neighborhoods are like.

You're ready to buy a house in Lansing, but is your bank account? 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 every stage of the journey more enjoyable and less worrisome. You don't even have to stick with your decision to buy a house in Lansing. We support first-time homeowners and experienced homeowners alike. Walk through the following steps to help you determine if you're financially ready to buy a home in Lansing.

Before anything else, estimate how much house you can afford. This will help you set a price range while house shopping in Lansing. Then, map out your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). No need to have an exact amount. While everyone's situation is different, an online search for Lansing averages will usually give you some solid estimates. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Then, consider how much you can contribute to a down payment. Placing a minimum of 20% down can improve your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). However, down payment requirements can differ depending on the loan type. Here's where it can help to get prequalified for a mortgage. Getting prequalified helps you know how much you might be eligible to borrow from a lender. 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?

Make Your Move: Buy a Home in Lansing, 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 can also be incredibly rewarding, especially when you get to live in an amazing city like Lansing. Contact Mr. Cooper as you look to buy a home in Lansing. We're here to help you along the way and Mr. Cooper® Real Estate Rewards can even connect you with a high-performing real estate agent who may be able to help you save thousands.*

Mr. Cooper Customer Reviews for Lansing, MI

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

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