The Process of Buying a Home in Durham, NC

Busy? Have us call you back. Call Me Back

More Information

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

Strongly considering a home purchase in Durham? Awesome! You selected an energetic city with a dynamic selection of parks, businesses, and educational opportunities, 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 Durham housing market.

Durham is growing by the day, which means Durham homes don't always come cheap. Continued support for local businesses and cultural growth have helped to beckon retirees, new businesses, and young families to the Durham area, but so much change also means more traffic, more competition, and a need for more schools. That said, Durham and the surrounding areas still offer a wide range of home styles and prices. You can find duplexes, single-family homes, townhomes, condos, and (fingers-crossed) your dream house! When looking to buy a house in Durham, double check that you're factoring in the home's distance from your daily activities. If you can, test drive your trip from the house to work, school, and the grocery store. Your house's location will affect everything, from your morning routine to how you spend your evenings. Discovering different parts of Durham will help you see how the northern part differs from the southern part, what the neighborhoods are like, and where to find Durham's hottest attractions.

Are you financially prepared to buy a house in Durham? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We believe in keeping the dream of homeownership alive and work to make every stage of the journey more enjoyable and less worrisome. You could choose to buy a home in North Carolina or elsewhere. We support first-time homeowners and experienced homeowners alike. Walk through the following steps to help you figure out if your finances are in the right place to buy a house in Durham.

First, calculate how much house you can afford. This will help you narrow your search when house hunting in Durham. After that, map out your potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). It's okay if these numbers are educated guesses. While everyone's situation is different, an online search for Durham 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, figure out what a realistic down payment would be for you. Putting at least 20% down will boost your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). Even so, the minimum down payment requirements depend on the type of loan. At this stage, getting prequalified for a loan can be extremely helpful. Getting prequalified will give you an idea of how much you might qualify to borrow. Also, check your credit. Lenders place a high importance on credit history when looking at your mortgage application. The better your credit is, the more mortgage options you may be presented with— and options are always a good thing!

Make Your Move: Buy a Home in Durham, 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 Durham. Contact Mr. Cooper as you look to buy a home in Durham. 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.*

Durham, NC Mr. Cooper Customer Reviews

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

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

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