The Process of Buying a Home in Meridian, MS

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Get Familiar with the Lay of the Land in Meridian, MS

Thinking about buying a home in Meridian? Great idea! You've chosen a lively city with a great balance of businesses, schools, restaurants and parks, and we're here to help make your home purchase and move a little easier. We service 3.8 million customers across the country and have the inside scoop on Meridian's housing scene.

Given all of Mississippi's growth, Meridian homes aren't always easy to find at a comfortable price. Continued cultural expansion and economic growth have helped to beckon entrepreneurs, retirees, and new graduates to the Meridian area, but so much change also means more traffic, more competition, and a need for more schools. That said, Meridian and its neighboring areas still offer an array of home types and prices. You can find single-family homes, condos, townhomes, and (fingers-crossed) your dream home! When looking to buy a house in Meridian, consider the home's location in relation to your everyday activities. If possible, test drive your trip from the house to work, school, and the grocery store. The location of your house will impact virtually every part of your life. Discovering different parts of Meridian will help you see how the northern part differs from the southern part, what the communities are like, and where to find Meridian's coolest attractions.

You're ready to buy a house in Meridian, but is your bank account? 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 the journey less worrisome and more rewarding every step of the way. You could choose to buy a home in Mississippi or elsewhere. We help new and experienced homeowners alike. Walk through the following steps to help you see if you're in a good financial position to buy a house in Meridian.

First, calculate how much house you can afford. This will help you set a price range while house shopping in Meridian. After that, add up the potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). You don't need an exact amount for these expenses. While everyone's situation is different, an online search for Meridian 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. Putting at least 20% down will improve your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). However, the minimum down payment requirements depend on the type of loan. This is where getting prequalified for a mortgage comes in handy. Getting prequalified will give you an idea of how much you might qualify to borrow. Also, check your credit. Credit history is an important part of your mortgage application. The healthier your credit is, the more mortgage options you may have open to you— and more options are always good!

Move Up and Out: Buying Your Dream House in Meridian, MS

Moving remains one of the biggest stressors, despite being a practically universal experience. But moving can also be incredibly rewarding, especially when you get to live in an amazing city like Meridian. Contact Mr. Cooper as you prepare to buy a house in Meridian. We're here for you every step of the way 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.*

Mr. Cooper Customer Reviews for Meridian, MS

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