What to Know Before Buying a Home in Asheboro, NC

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Understanding the Asheboro, NC Housing Landscape

Thinking about buying a home in Asheboro? Awesome! You've chosen an energetic 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 serve 3.8 million customers from coast to coast and know the Asheboro housing market well.

Given all of North Carolina's growth, Asheboro homes aren't always easy to find at a comfortable price. Continued cultural expansion and economic growth have helped to beckon entrepreneurs, retirees, and new graduates to the Asheboro area, but so much change also means a strain on housing options, school capacities, and city roads. That said, Asheboro and its neighboring 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 house in Asheboro, double check that you're factoring in the home's distance from your daily activities. If possible, drive the route you'd take from the house to your school, office, and favorite hangout spot. The location of your house will impact virtually every part of your life. Exploring Asheboro will also help you get a feel for how homes in east Asheboro differ from west Asheboro, where to find Asheboro's most popular attractions, and what the neighborhoods are like.

Are your finances in the right place to buy a home in Asheboro? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We think the dream of homeownership should never fade 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 Asheboro. We help new and experienced homeowners alike. Read through the following steps to help you see if you're in a good financial position to buy a house in Asheboro.

First, estimate how much house you can afford. This will help you set a price range while house shopping in Asheboro. After that, add up the potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). No need to have an exact amount. Searching the web for Asheboro averages will usually give you a solid estimate, though everyone's situation is different. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Next, look at how much money you can put toward a down payment. Putting at least 20% down will boost 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. Getting prequalified helps you know how much you might be eligible to borrow from a lender. 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?

Move Up and Out: Buying Your Dream House in Asheboro, NC

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 Asheboro, moving doesn't seem so challenging. Contact Mr. Cooper as you look to buy a home in Asheboro. We're here to help you along 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.*

Asheboro, NC Mr. Cooper Customer Reviews

Take it from these Mr. Cooper home buyers and sellers in Asheboro, NC: We love helping homeowners. Call now to see how we can serve you.

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