The Process of Buying a Home in Charlotte, NC

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Get Familiar with the Lay of the Land in Charlotte, NC

Strongly considering a home purchase in Charlotte? Awesome! You selected a vibrant city with a great balance of educational opportunities, businesses, and parks, and we're here to help make your house hunt, purchase, and move more streamlined. We support 3.8 million customers from coast to coast and are familiar with the ins-and-outs of the Charlotte housing market.

Given all of North Carolina's growth, Charlotte homes aren't always easy to find at a comfortable price. Continued cultural expansion and economic growth have helped to entice retirees, new businesses, and young families to the Charlotte area, but so much change also means a strain on housing options, school capacities, and city roads. Despite this, Charlotte and its neighboring areas still offer a wide range of home styles and prices. You can find townhomes, condos, single-family homes, duplexes, and (hopefully) your perfect home! When buying a home in Charlotte, 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. The location of your house will impact virtually every part of your life. Traveling around Charlotte will also give you an idea of why homes in west Charlotte are priced differently than homes in east Charlotte, where to find Charlotte's most popular attractions, and what the neighborhoods are like.

You're ready to buy a house in Charlotte, but is your bank account? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We think the dream of homeownership should never fade and try our best to make the journey easier and more rewarding. It doesn't matter whether you want to buy a home in North Carolina or somewhere else entirely. We serve first-time homeowners and experienced homeowners alike. Read through the following steps to help you determine if you're financially ready to buy a home in Charlotte.

First, estimate how much house you can afford. This will help you set a price range while house shopping in Charlotte. Next, map out your potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). It's okay if these numbers are educated guesses. While everyone's situation is different, an online search for Charlotte averages will usually give you some solid estimates. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Now, look at how much money you can put toward a down payment. Placing a minimum of 20% down can boost your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). However, down payment requirements can differ depending on the loan type. At this stage, getting prequalified for a loan can be extremely helpful. Getting prequalified helps you know how much you might be eligible to borrow from a lender. Also, check 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 who doesn't want more choices in life?

It's Go Time! Buy a House in Charlotte, NC

Moving remains one of the biggest stressors, despite being a practically universal experience. But moving can also be incredibly rewarding, especially when you get to live in an amazing city like Charlotte. Contact Mr. Cooper as you look to buy a home in Charlotte. We're here to help you along 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 Reviews from Real Customers in Charlotte, NC

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