What to Know Before Buying a Home in Las Cruces, NM

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Get Familiar with the Lay of the Land in Las Cruces, NM

Ready to lay down some roots and buy a house in Las Cruces? Awesome! You've chosen a lively city with an ideal amount of parks, businesses, and educational opportunities, 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 Las Cruces's housing scene.

Las Cruces is growing by the day, which means Las Cruces homes don't always come cheap. Continued cultural expansion and economic growth have helped to attract retirees, new businesses, and young families to the Las Cruces area, but so much change also means a strain on housing options, school capacities, and city roads. Despite this, Las Cruces and its nearby areas still offer an array of homes in price and amenities. You can find townhomes, condos, single-family homes, duplexes, and (hopefully) your dream home! When looking to buy a house in Las Cruces, 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. Your home's location will influence almost every aspect of your life. Traveling around Las Cruces will also give you an idea of why homes in west Las Cruces are priced differently than homes in east Las Cruces, what the neighborhoods are like, and where to find Las Cruces's hottest attractions.

Are your finances in the right place to buy a home in Las Cruces? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We believe everyone can find their dream home and work to make the journey less worrisome and more rewarding every step of the way. You could choose to buy a home in New Mexico or elsewhere. We help new 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 Las Cruces.

Before anything else, estimate how much house you can afford. This will help you set a price range while house shopping in Las Cruces. Then, map out your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). No need to have an exact amount. While everyone's situation is different, an online search for Las Cruces averages will usually give you some solid estimates. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Then, figure out what a realistic down payment would be for you. A down payment of at least 20% can help improve your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). Even so, down payment requirements can differ depending on the loan type. 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, check your credit. Lenders place a high importance on credit history when looking at your mortgage application. You may be presented with more mortgage options if you have healthy credit— and more options are always good!

Move Up and Out: Buying Your Dream House in Las Cruces, NM

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But when you get to live in a stellar city like Las Cruces, moving doesn't seem so challenging. Contact Mr. Cooper as you get ready to buy a house in Las Cruces. We're here for you from start to finish and Mr. Cooper® Real Estate Rewards can even connect you with a high-performing real estate agent who may be able to help you save thousands.*

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