Special Offers From Mr. Cooper

Sorry, there are no offers available at this time. Check back soon!

The Process of Buying a Home in Moorhead, MN

Busy? Have us call you back. Call Me Back

More Information

Understanding the Moorhead, MN Housing Landscape

Ready to lay down some roots and buy a house in Moorhead? Great idea! You've chosen a colorful city with an ideal amount of businesses, schools, restaurants and parks, and we're here to help make your house hunt, purchase, and move more streamlined. We service 3.8 million customers nationwide and know the Moorhead housing market well.

Moorhead'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. Sustained cultural expansion and economic growth have helped to entice retirees, new businesses, and young families to the Moorhead area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Despite this, Moorhead and the surrounding areas still offer a variety of home types and prices. You can find single-family homes, condos, townhomes, and (ideally) your dream house! When looking to buy a house in Moorhead, 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 house's location will affect everything, from your morning routine to how you spend your evenings. Exploring Moorhead will also help you get a feel for how homes in east Moorhead differ from west Moorhead, what the neighborhoods are like, and where to find Moorhead's hottest attractions.

Are you financially prepared to buy a house in Moorhead? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We think the dream of homeownership should never fade and work to make every stage of the journey more enjoyable and less worrisome. It doesn't matter whether you want to buy a home in Minnesota or somewhere else entirely. We support 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 Moorhead.

First, calculate how much house you can afford. This will help you narrow your search when house hunting in Moorhead. Then, add up the potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). No need to have an exact amount. Searching the web for Moorhead averages will usually give you a solid estimate, though everyone's situation is different. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Now, figure out what a realistic down payment would be for you. Placing a minimum of 20% down can boost 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. This is where getting prequalified for a mortgage comes in handy. 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. You may be presented with more mortgage options if you have healthy credit— and who doesn't want more choices in life?

Make Your Move: Buy a Home in Moorhead, MN

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 Moorhead, moving doesn't seem so challenging. Contact Mr. Cooper as you look to buy a home in Moorhead. We're here to help you along 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.*

Mr. Cooper Reviews from Real Customers in Moorhead, MN

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

Make buying or selling a Moorhead home easier.

Mr. Cooper works to save buyers and sellers money at every stage of their journey, from real estate commissions to closing costs.