What to Know When Buying a House in Rochester, MN
Buying a home can be one of the most rewarding yet stressful things you ever do —
and even more so when you're a first-time home buyer in Rochester, MN.
There is so much to learn, and Mr. Cooper is here to explain it all in simple, easy to follow terms.
We'll work to empower you with information, so you feel confident about prequalification, financing, and finding the right home.
Our mortgage professionals have years of experience buying homes, and they know how to customize information to fit your situation.
You'll learn what to ask and when, such as,
"how long has this house been for sale?" and, "how many offers has the seller received so far?"
Call Mr. Cooper to start your home buying journey.
We'll start by helping you estimate how much house you can afford to buy in Rochester. That's a good first step toward home ownership. Next, we'll take you through the process of prequalifying for a mortgage, which can help you look more attractive to a potential seller. Getting prequalified for a mortgage is incredibly important when you're trying to buy a house in Rochester. It accomplishes two things. First, it indicates that a mortgage lender thinks you're a solid candidate for a home loan. Second, it provides you with the most accurate estimate of how much you can afford to spend on a house. Mr. Cooper can even introduce you to experienced, full-service real estate agents close to you.* Finally, we'll help you choose and apply for a home loan, secure your loan, and walk you through the process until closing day. Make buying a home in Rochester easier. Put Mr. Cooper in your corner.
Mr. Cooper Can Help You Sell Your House in Rochester, MN
Similar to buying a house, selling a house in Rochester, MN can feel both rewarding and stressful — but for different reasons. Sellers have to overcome unique obstacles. Mr. Cooper has firsthand experience overcoming those obstacles and can help you enjoy a better home selling experience.
Finding a new home while trying to sell your old one is just one example. The home inventory in Rochester can be limited, with changes in properties available happening daily. It might feel like you can't afford to wait for the right house to pop up. Mr. Cooper knows this obstacle and can present some options to take some of the stress out of selling your home. Other obstacles are less concrete, like the emotional connection you might have with your home or any unrealized expectations you have around your home's final sale price. Not to mention, you still have to plan your move!
At Mr. Cooper, our team members can connect you to the expert resources via our affiliate that you need to overcome difficulties AND lower the amount of money you spend on closing costs and real estate commissions.* Ask about the Mr. Cooper Real Estate Rewards program in Rochester to learn more!
Mr. Cooper is More Than a Home Lender in Rochester
Around Rochester, Mr. Cooper is a friendly home buying and seller ally to have on your side. We'll give you the support, service, and information you want to make confident moves toward your best financial future. We can even offer guidance around credit score health and support you as you improve your credit to qualify for more competitive financing options. Boosting credit can be as simple as paying bills before they're due, monitoring and resolving credit errors, and reducing your overall debt. Many credit mistakes occur when people aren’t paying attention or taking action. We believe that with a little knowledge, you can be different. You can take action, check your credit, work to improve it, and get prequalified for a home loan. You can be ready to buy or sell your home even sooner when you have Mr. Cooper as a resource.
- Buyer’s Bonus Credit (Xome Purchase Pro) Disclosure: Buyers may be eligible to receive a Buyer’s Bonus Credit/Xome Purchase Pro (“Credit”) equal to 15% of the buyer’s agent’s fee. The amount of the credit is based on commissions and determined by each agent. Credit will be documented in an agreement between agent and customer at the time of engagement. Credit must be disclosed to lender, seller, broker, appraiser, and other parties with an interest. Credit subject to written lender approval. Credit will be reflected in Purchase Agreement, Closing Disclosure, and other documents. Consult a tax professional regarding tax implications of Credit. Consult local broker for any state law requirements. Conditions: (a) Customer must complete purchase transaction using a Mr. Cooper Real Estate Rewards Agent; (b) Credit is subject to sales commission; (c) Credit is not available for properties marketed/listed through any auction process, including, www.xome.com; (d) Credit offer may be modified at any time via the Terms of Use but modifications will not apply to any transactions under contract; (e) Credit will be provided at the time of closing.
- *Buyer’s Bonus Credit is not available in AK, IA, KS, LA, MS, MO, OK, OR & TN.
- ** Listing Commission Disclosure: Mr. Cooper Real Estate Rewards agents have agreed to 1.99% seller’s agent commission and recommend 2% buyer’s agent commission for a total listing commission of 3.99%. Buyer’s agent commission can be changed at seller’s discretion.
- Mr. Cooper Real Estate Rewards is offered by Xome. Inc., an affiliate of Mr. Cooper. Referrals to Xome may provide a financial benefit to Mr. Cooper. You are not required to use a real estate agent on the Xome panel as a condition of receiving a loan from Mr. Cooper, and such use will have no impact on any loan application to Mr. Cooper.
- This is an advertisement and not intended as a solicitation for agent representation if your property is currently listed with an agent. Visit Xome's licensing page https://www.xome.com/auctions/licensing.
- Xome Inc. & Xome CT LLC [Davis E. Owen, Sr.‐Broker] (for CT properties] & Xome PR LLC (for PR properties), 750 Hwy 121 BYP, Suite 100, Lewisville, TX 75067.
- Mr. Cooper Real Estate Rewards is a service mark of Nationstar Mortgage LLC.
- This is not a commitment to lend. All loans are subject to credit and property approval. This offer is nontransferable and may not be combined with any other mortgage offer. Advertised offer is subject to change. If a personal code is present on the advertised offer, you must provide such code to claim the offer. We may gather information about you including, but not limited to, credit bureau information, information for verification of income, information for appraisal and verification of property being used for collateral. We also verify your identity. Income, assets, and debt must meet eligibility requirements as established by Government and/or Lender guidelines.