What to Know Before Buying a Home in Buffalo, NY

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Exploring Buffalo, NY From North to South

Strongly considering a home purchase in Buffalo? Congratulations! You picked a lively city with a great balance of businesses, schools, restaurants and parks, and we're here to help make your home purchase and move a little easier. We serve 3.8 million customers from coast to coast and have the inside scoop on Buffalo's housing scene.

Buffalo'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 economic growth and cultural expansion have helped to beckon young families, new businesses, and retirees to the Buffalo area, but so much change also means more traffic, more competition, and a need for more schools. That said, Buffalo and the surrounding areas still offer a variety of home styles and prices. You can find townhomes, condos, single-family homes, duplexes, and (ideally) your perfect home! When buying a home in Buffalo, double check that you're factoring in the home's distance from your daily activities. If possible, 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 Buffalo will also give you an idea of why homes in west Buffalo are priced differently than homes in east Buffalo, what the communities are like, and where to find Buffalo's coolest attractions.

You're ready to buy a house in Buffalo, but is your bank account? 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 try our best to make the journey easier and more rewarding. It doesn't matter whether you want to buy a home in New York or somewhere else entirely. We support 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 Buffalo.

First, calculate how much house you can afford. This will help determine the price range for your Buffalo house hunt. Next, map out your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). It's okay if these numbers are educated guesses. Everyone's situation will differ, but a quick online search for average expenses in Buffalo will usually point you in the right direction. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Now, consider how much you can contribute to a down payment. Placing a minimum of 20% down can increase your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). That said, 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, consider your credit profile. Credit history is an important part of your mortgage application. You may be presented with more mortgage options if you have healthy credit— and who doesn't want more choices in life?

It's Go Time! Buy a House in Buffalo, NY

As common as moving is, you'd think we'd all have figured out a less stressful way to do it. And yet, it remains a top stressor in life! But moving can also be incredibly rewarding, especially when you get to live in an amazing city like Buffalo. Contact Mr. Cooper as you look to buy a home in Buffalo. 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.*

Mr. Cooper Customer Reviews for Buffalo, NY

Read real stories from real Mr. Cooper home buyers and sellers in Buffalo, NY. Then contact us to see what we can do for you.

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

Mr. Cooper works to save buyers and sellers money at every stage of their journey, from real estate commissions to closing costs.