What to Know Before Buying a Home in Union, NJ

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Exploring Union, NJ From North to South

Ready to lay down some roots and buy a house in Union? Smart move! You picked a vibrant city with a dynamic selection of businesses, schools, restaurants and parks, and we're here to help the home purchase process go a little smoother. We support 3.8 million customers across the country and have the inside scoop on Union's housing scene.

Given all of New Jersey's growth, Union homes aren't always easy to find at a comfortable price. Sustained economic growth and cultural expansion have helped to entice retirees, new businesses, and young families to the Union area, but so much change also means more traffic, more competition, and a need for more schools. That said, Union and the surrounding areas still offer a variety of homes in price and amenities. You can find townhomes, condos, single-family homes, duplexes, and (fingers-crossed) your dream home! When buying a home in Union, consider how near or far away the home is from the places you visit most. If possible, drive the route you'd take from the house to your school, office, and favorite hangout spot. Your home's location will influence almost every aspect of your life. Exploring Union will also help you get a feel for how homes in east Union differ from west Union, what the communities are like, and where to find Union's coolest attractions.

Are you financially prepared to buy a house in Union? 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 New Jersey or somewhere else entirely. We support first-time homeowners and experienced homeowners alike. Walk through the following steps to help you determine if you're financially ready to buy a home in Union.

First, calculate how much house you can afford. This will help you narrow your search when house hunting in Union. Then, 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 Union 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.

Next, figure out what a realistic down payment would be for you. 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 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. Lenders place a high importance on credit history when looking at your mortgage application. The better your credit is, the more mortgage options you may be presented with— and more options are always good!

Make Your Move: Buy a Home in Union, NJ

Moving remains one of the biggest stressors, despite being a practically universal experience. But when you get to live in a stellar city like Union, moving doesn't seem so challenging. Contact Mr. Cooper as you prepare to buy a house in Union. We're here for you every step of 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.*

Mr. Cooper Customer Reviews for Union, NJ

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