All About Buying a House in Ocean Springs, MS

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Get Familiar with the Lay of the Land in Ocean Springs, MS

Strongly considering a home purchase in Ocean Springs? Great idea! You selected an energetic city with an ideal amount of educational opportunities, businesses, and parks, and we're here to help make your house hunt, purchase, and move more streamlined. We serve 3.8 million customers from coast to coast and know the Ocean Springs housing market well.

Ocean Springs'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. Continued support for local businesses and cultural growth have helped to entice entrepreneurs, retirees, and new graduates to the Ocean Springs area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. That said, Ocean Springs and its nearby areas still offer an array of home types and prices. You can find townhomes, condos, single-family homes, duplexes, and (ideally) your dream home! When looking to buy a house in Ocean Springs, double check that you're factoring in the home's distance from your daily activities. If you can, test drive your trip from the house to work, school, and the grocery store. Your home's location will influence almost every aspect of your life. Exploring Ocean Springs will also help you get a feel for how homes in east Ocean Springs differ from west Ocean Springs, where to find Ocean Springs's most popular attractions, and what the neighborhoods are like.

You're ready to buy a house in Ocean Springs, 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 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 Ocean Springs. We help new and experienced homeowners alike. Read through the following steps to help you see if you're in a good financial position to buy a house in Ocean Springs.

First, estimate how much house you can afford. This will help you set a price range while house shopping in Ocean Springs. After that, add up the potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). You don't need an exact amount for these expenses. Searching the web for Ocean Springs 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.

Then, figure out what a realistic down payment would be for you. Placing a minimum of 20% down can increase your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). However, down payment requirements can differ depending on the loan type. At this stage, getting prequalified for a loan can be extremely helpful. Getting prequalified will give you an idea of how much you might qualify to borrow. Also, take a good look at your credit. Lenders place a high importance on credit history when looking at your mortgage application. The healthier your credit is, the more mortgage options you may have open to you— and options are always a good thing!

Make Your Move: Buy a Home in Ocean Springs, 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 Ocean Springs. Contact Mr. Cooper as you get ready to buy a house in Ocean Springs. 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.*

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