Get Familiar with the Lay of the Land in Butte, MT
Strongly considering a home purchase in Butte? Great idea! You selected a lively city with a great balance of businesses, schools, restaurants and parks, and we're here to help the home purchase process go a little smoother. We serve 3.8 million customers across the country and are familiar with the ins-and-outs of the Butte housing market.
Given all of Montana's growth, Butte homes aren't always easy to find at a comfortable price. Ongoing cultural expansion and economic growth have helped to entice entrepreneurs, retirees, and new graduates to the Butte area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Despite this, Butte and its neighboring areas still offer a wide range of home styles and prices. You can find single-family homes, condos, townhomes, and (hopefully) your dream home! When buying a house in Butte, consider the home's location in relation to your everyday 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. Discovering different parts of Butte will help you see how the northern part differs from the southern part, where to find Butte's most popular attractions, and what the neighborhoods are like.
Are your finances in the right place to buy a home in Butte? 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 work to make every stage of the journey more enjoyable and less worrisome. You don't even have to stick with your decision to buy a house in Butte. We serve first-time homeowners and experienced homeowners alike. Start with the following steps to help you figure out if your finances are in the right place to buy a house in Butte.
First, calculate how much house you can afford. This will help determine the price range for your Butte house hunt. Next, add up the potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). You don't need an exact amount for these expenses. Searching the web for Butte 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.
Next, look at how much money you can put toward a down payment. A down payment of at least 20% can help boost your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). Even so, the minimum down payment requirements depend on the type of loan. Here's where it can help to get prequalified for a mortgage. Getting prequalified helps you know how much you might be eligible to borrow from a lender. Also, check your credit. Credit history is one of the main factors that lenders look at when considering your mortgage application. You may be presented with more mortgage options if you have healthy credit— and more options are always good!
It's Go Time! Buy a House in Butte, MT
Moving remains one of the biggest stressors, despite being a practically universal experience. But when you get to live in a stellar city like Butte, moving doesn't seem so challenging. Contact Mr. Cooper as you prepare to buy a house in Butte.