What to Know Before Buying a Home in Gulfport, MS

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Exploring Gulfport, MS From North to South

Ready to lay down some roots and buy a house in Gulfport? Smart move! You've chosen a colorful 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 nationwide and have the inside scoop on Gulfport's housing scene.

Gulfport is growing by the day, which means Gulfport homes don't always come cheap. Ongoing support for local businesses and cultural growth have helped to entice retirees, new businesses, and young families to the Gulfport area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Despite this, Gulfport and the surrounding areas still offer a variety of home types and prices. You can find townhomes, condos, single-family homes, duplexes, and (fingers-crossed) your dream home! When buying a home in Gulfport, 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 Gulfport will also help you get a feel for how homes in east Gulfport differ from west Gulfport, what the communities are like, and where to find Gulfport's coolest attractions.

You're ready to buy a house in Gulfport, but is your bank account? 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. It doesn't matter whether you want to buy a home in Mississippi or somewhere else entirely. We support experienced homeowners and first-time homeowners alike. Read through the following steps to help you determine if you're financially ready to buy a home in Gulfport.

First, calculate how much house you can afford. This will help you set a price range while house shopping in Gulfport. Then, jot down 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 Gulfport averages will usually give you some solid estimates. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Now, look at how much money you can put toward a down payment. Placing a minimum of 20% down can improve your chances of getting a favorable 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. Here's where it can help to get prequalified for a mortgage. 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. Credit history is an important part of 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 Gulfport, MS

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But moving feels more rewarding when you get to live in a place like Gulfport. Contact Mr. Cooper as you prepare to buy a house in Gulfport. We're here to help you along 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.*

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