All About Buying a House in Rochester, NY

Busy? Have us call you back. Call Me Back

More Information

Understanding the Rochester, NY Housing Landscape

Thinking about buying a home in Rochester? Congratulations! You've chosen a colorful city with a dynamic selection of parks, businesses, and educational opportunities, and we're here to help the home purchase process go a little smoother. We serve 3.8 million customers across the country and have the inside scoop on Rochester's housing scene.

Given all of New York's growth, Rochester homes aren't always easy to find at a comfortable price. Sustained economic growth and cultural expansion have helped to beckon entrepreneurs, retirees, and new graduates to the Rochester area, but so much change also means a strain on housing options, school capacities, and city roads. Despite this, Rochester and the surrounding areas still offer a variety of home types and prices. You can find duplexes, single-family homes, townhomes, condos, and (hopefully) your dream home! When buying a house in Rochester, 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 house's location will affect everything, from your morning routine to how you spend your evenings. Discovering different parts of Rochester will help you see how the northern part differs from the southern part, what the neighborhoods are like, and where to find Rochester's hottest attractions.

Are your finances in the right place to buy a home in Rochester? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We think the dream of homeownership should never fade and work to make the journey less worrisome and more rewarding every step of the way. It doesn't matter whether you want to buy a home in New York or somewhere else entirely. We serve 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 Rochester.

Before anything else, estimate how much house you can afford. This will help you narrow your search when house hunting in Rochester. 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. While everyone's situation is different, an online search for Rochester averages will usually give you some solid estimates. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Then, look at how much money you can put toward a down payment. Placing a minimum of 20% down can increase your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). Even so, the minimum down payment requirements depend on the type of loan. This is where getting prequalified for a mortgage comes in handy. Getting prequalified will give you an idea of how much you might qualify to borrow. Also, take a good look at your credit. Credit history is an important part of 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 Rochester, NY

Moving remains one of the biggest stressors, despite being a practically universal experience. But moving feels more rewarding when you get to live in a place like Rochester. Contact Mr. Cooper as you look to buy a home in Rochester. 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.*

Mr. Cooper Reviews from Real Customers in Rochester, NY

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

Simplify the home buying or selling process in Rochester with Mr. Cooper.

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