All About Buying a House in Franklin Park, NJ

Busy? Have us call you back. Call Me Back

More Information

Get Familiar with the Lay of the Land in Franklin Park, NJ

Thinking about buying a home in Franklin Park? Awesome! You selected a vibrant city with a great balance of parks, businesses, and educational opportunities, and we're here to help make your house hunt, purchase, and move more streamlined. We service 3.8 million customers across the country and have the inside scoop on Franklin Park's housing scene.

Franklin Park'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. Ongoing cultural expansion and economic growth have helped to attract young families, new businesses, and retirees to the Franklin Park area, but so much change also means more traffic, more competition, and a need for more schools. That said, Franklin Park and the surrounding areas still offer an array of home types and prices. You can find single-family homes, condos, townhomes, and (hopefully) your perfect home! When buying a home in Franklin Park, consider the home's location in relation to your everyday activities. If you can, test drive your route to work, school, and the grocery store. Your house's location will affect everything, from your morning routine to how you spend your evenings. Traveling around Franklin Park will also give you an idea of why homes in west Franklin Park are priced differently than homes in east Franklin Park, what the neighborhoods are like, and where to find Franklin Park's hottest attractions.

Are you financially prepared to buy a house in Franklin Park? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We believe in keeping the dream of homeownership alive 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 Franklin Park. We work with experienced homeowners and first-time 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 Franklin Park.

Before anything else, estimate how much house you can afford. This will help you narrow your search when house hunting in Franklin Park. Next, jot down your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). No need to have an exact amount. Searching the web for Franklin Park averages will usually give you a solid estimate, though everyone's situation is different. Keep in mind that a mortgage payment could make up the majority of most homeowners’ monthly household expenses.

Then, consider how much you can contribute to a down payment. A down payment of at least 20% can help boost your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). However, down payment requirements can differ depending on the loan type. This is where getting prequalified for a mortgage comes in handy. Prequalification points you in the right direction as far as how much you may be eligible to borrow. Also, check your credit. Credit history is one of the main factors that lenders look at when considering your mortgage application. The better your credit is, the more mortgage options you may be presented with— and who doesn't want more choices in life?

Make Your Move: Buy a Home in Franklin Park, NJ

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 Franklin Park. Contact Mr. Cooper as you prepare to buy a house in Franklin Park. 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.*

Franklin Park, NJ Mr. Cooper Customer Reviews

Read actual reviews from actual Mr. Cooper customers in Franklin Park, NJ. Then call us to see how we can help you.

Buying or selling a house in Franklin Park? Mr. Cooper makes it easier.

Work with Mr. Cooper and get the support you need to make the home buying or selling process smoother.