What to Know Before Buying a Home in Smithfield, NC

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

Strongly considering a home purchase in Smithfield? Smart move! You selected a vibrant city with a great balance of businesses, schools, restaurants and parks, and we're here to help make your home purchase and move a little easier. We serve 3.8 million customers nationwide and have the inside scoop on Smithfield's housing scene.

Smithfield is growing by the day, which means Smithfield 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 Smithfield area, but so much change also means a strain on housing options, school capacities, and city roads. Despite this, Smithfield and the surrounding areas still offer a variety of homes in price and amenities. You can find single-family homes, condos, townhomes, and (hopefully) your perfect home! When buying a home in Smithfield, consider how near or far away the home is from the places you visit most. If possible, test drive your route to work, school, and the grocery store. Your home's location will influence almost every aspect of your life. Exploring Smithfield will also help you get a feel for how homes in east Smithfield differ from west Smithfield, where to find Smithfield's most popular attractions, and what the neighborhoods are like.

Are your finances in the right place to buy a home in Smithfield? 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. You could choose to buy a home in North Carolina or elsewhere. We support new and experienced homeowners alike. Start with the following steps to help you see if you're in a good financial position to buy a house in Smithfield.

First, estimate how much house you can afford. This will help you narrow your search when house hunting in Smithfield. After that, add up the potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). You don't need an exact amount for these expenses. Everyone's situation will differ, but a quick online search for average expenses in Smithfield will usually point you in the right direction. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Now, consider how much you can contribute to 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). However, the required down payment will depend on the type of loan you get. This is where getting prequalified for a mortgage comes in handy. Prequalification points you in the right direction as far as how much you may be eligible to borrow. Also, consider your credit profile. 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?

Move Up and Out: Buying Your Dream House in Smithfield, 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 Smithfield. Contact Mr. Cooper as you look to buy a home in Smithfield. We're here for you from start to finish 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 Customer Reviews for Smithfield, NC

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

Buying or selling a house in Smithfield? Mr. Cooper makes it easier.

Mr. Cooper works to save buyers and sellers money at every stage of their journey, from real estate commissions to closing costs.