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What to Know Before Buying a Home in Rosemount, MN

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Get Familiar with the Lay of the Land in Rosemount, MN

Strongly considering a home purchase in Rosemount? Smart move! You've chosen an energetic 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 serve 3.8 million customers across the country and know the Rosemount housing market well.

Rosemount is growing by the day, which means Rosemount homes don't always come cheap. Sustained cultural expansion and economic growth have helped to beckon retirees, new businesses, and young families to the Rosemount area, but so much change also means more traffic, more competition, and a need for more schools. Despite this, Rosemount and its neighboring areas still offer a wide range of home types and prices. You can find townhomes, condos, single-family homes, duplexes, and (ideally) your dream home! When buying a house in Rosemount, 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. Traveling around Rosemount will also give you an idea of why homes in west Rosemount are priced differently than homes in east Rosemount, where to find Rosemount's most popular attractions, and what the neighborhoods are like.

Are your finances in the right place to buy a home in Rosemount? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We believe everyone can find their dream home and try our best to make the journey easier and more rewarding. You don't even have to stick with your decision to buy a house in Rosemount. We support first-time homeowners and experienced homeowners alike. Start with the following steps to help you determine if you're financially ready to buy a home in Rosemount.

Before anything else, estimate how much house you can afford. This will help you set a price range while house shopping in Rosemount. After that, jot down your potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). No need to have an exact amount. While everyone's situation is different, an online search for Rosemount 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, figure out what a realistic down payment would be for you. Putting at least 20% down will boost your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). However, 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. 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 more options are always good!

Make Your Move: Buy a Home in Rosemount, MN

Moving remains one of the biggest stressors, despite being a practically universal experience. But moving feels more rewarding when you get to live in a place like Rosemount. Contact Mr. Cooper as you get ready to buy a house in Rosemount. We're here for you every step of 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 Rosemount, MN

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