What to Know Before Buying a Home in Rockingham, NC

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Exploring Rockingham, NC From North to South

Ready to lay down some roots and buy a house in Rockingham? Smart move! You picked a colorful city with a dynamic selection of parks, businesses, and educational opportunities, and we're here to help make your home purchase and move a little easier. We support 3.8 million customers nationwide and are familiar with the ins-and-outs of the Rockingham housing market.

Given all of North Carolina's growth, Rockingham homes aren't always easy to find at a comfortable price. Sustained economic growth and cultural expansion have helped to beckon retirees, new businesses, and young families to the Rockingham area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Even so, Rockingham and its neighboring areas still offer an array of home styles and prices. You can find duplexes, single-family homes, townhomes, condos, and (fingers-crossed) your dream house! When buying a home in Rockingham, consider the home's location in relation to your everyday activities. If possible, 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. Exploring Rockingham will also help you get a feel for how homes in east Rockingham differ from west Rockingham, what the neighborhoods are like, and where to find Rockingham's hottest attractions.

Are your finances in the right place to buy a home in Rockingham? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. 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 North Carolina or somewhere else entirely. We help first-time homeowners 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 Rockingham.

Before anything else, estimate how much house you can afford. This will help you set a price range while house shopping in Rockingham. Then, add up the 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 Rockingham will usually point you in the right direction. Keep in mind that a mortgage payment could make up the majority of most homeowners’ monthly household expenses.

Now, figure out what a realistic down payment would be for you. A down payment of at least 20% can help improve 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. Here's where it can help to get prequalified for a mortgage. Prequalification points you in the right direction as far as how much you may be eligible to borrow. Also, check your credit. Credit history is an important part of your mortgage application. The healthier your credit is, the more mortgage options you may have open to you— and who doesn't want more choices in life?

Make Your Move: Buy a Home in Rockingham, NC

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But moving can also be incredibly rewarding, especially when you get to live in an amazing city like Rockingham. Contact Mr. Cooper as you look to buy a home in Rockingham. We're here for you every step of 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.*

Mr. Cooper Customer Reviews for Rockingham, NC

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

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