The Process of Buying a Home in Ypsilanti, MI

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Exploring Ypsilanti, MI From North to South

Ready to lay down some roots and buy a house in Ypsilanti? Great idea! You picked a colorful city with a great balance of businesses, schools, restaurants and parks, and we're here to help make your house hunt, purchase, and move more streamlined. We serve 3.8 million customers across the country and are familiar with the ins-and-outs of the Ypsilanti housing market.

Ypsilanti is growing by the day, which means Ypsilanti homes don't always come cheap. Ongoing support for local businesses and cultural growth have helped to beckon entrepreneurs, retirees, and new graduates to the Ypsilanti area, but so much change also means more traffic, more competition, and a need for more schools. That said, Ypsilanti and the surrounding areas still offer an array of home styles and prices. You can find duplexes, single-family homes, townhomes, condos, and (ideally) your dream home! When looking to buy a house in Ypsilanti, 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. Your home's location will influence almost every aspect of your life. Exploring Ypsilanti will also help you get a feel for how homes in east Ypsilanti differ from west Ypsilanti, what the communities are like, and where to find Ypsilanti's coolest attractions.

Are you financially prepared to buy a house in Ypsilanti? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We believe everyone can find their dream home and work to make the journey less worrisome and more rewarding every step of the way. You don't even have to stick with your decision to buy a house in Ypsilanti. We work with new and experienced homeowners alike. Read through the following steps to help you figure out if your finances are in the right place to buy a house in Ypsilanti.

Before anything else, estimate how much house you can afford. This will help determine the price range for your Ypsilanti house hunt. After that, map out your potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). No need to have an exact amount. Everyone's situation will differ, but a quick online search for average expenses in Ypsilanti will usually point you in the right direction. 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. A down payment of at least 20% can help increase your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). That said, the required down payment will depend on the type of loan you get. At this stage, getting prequalified for a loan can be extremely helpful. Getting prequalified will give you an idea of how much you might qualify to borrow. Also, take a good look at your credit. Credit history is an important part of 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 Ypsilanti, MI

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But when you get to live in a stellar city like Ypsilanti, moving doesn't seem so challenging. Contact Mr. Cooper as you get ready to buy a house in Ypsilanti. 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.*

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