The Process of Buying a Home in Portland, MI

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Get Familiar with the Lay of the Land in Portland, MI

Strongly considering a home purchase in Portland? Awesome! You've chosen a lively city with a dynamic selection of parks, businesses, and educational opportunities, and we're here to help make your house hunt, purchase, and move more streamlined. We support 3.8 million customers across the country and are familiar with the ins-and-outs of the Portland housing market.

Portland is growing by the day, which means Portland homes don't always come cheap. Continued cultural expansion and economic growth have helped to entice entrepreneurs, retirees, and new graduates to the Portland area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Despite this, Portland and the surrounding areas still offer a wide range of homes in price and amenities. You can find single-family homes, condos, townhomes, and (ideally) your dream home! When looking to buy a house in Portland, consider how near or far away the home is from the places you visit most. 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. Exploring Portland will also help you get a feel for how homes in east Portland differ from west Portland, what the neighborhoods are like, and where to find Portland's hottest attractions.

Are you financially prepared to buy a house in Portland? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We believe in keeping the dream of homeownership alive and try our best to make the journey easier and more rewarding. You could choose to buy a home in Michigan or elsewhere. We serve first-time homeowners and experienced homeowners alike. Read through the following steps to help you determine if you're financially ready to buy a home in Portland.

First, calculate how much house you can afford. This will help you narrow your search when house hunting in Portland. Next, map out your potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). It's okay if these numbers are educated guesses. While everyone's situation is different, an online search for Portland 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.

Next, look at how much money you can put toward a down payment. Putting at least 20% down will boost your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). Even so, down payment requirements can differ depending on the loan type. Here's where it can help to get prequalified for a mortgage. 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 more options are always good!

Move Up and Out: Buying Your Dream House in Portland, 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 Portland, moving doesn't seem so challenging. Contact Mr. Cooper as you look to buy a home in Portland. We're here for you from start to finish 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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