All About Buying a House in Southern Pines, NC

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Get Familiar with the Lay of the Land in Southern Pines, NC

Strongly considering a home purchase in Southern Pines? Great idea! You selected a vibrant city with an ideal amount of businesses, schools, restaurants and parks, and we're here to help the home purchase process go a little smoother. We support 3.8 million customers from coast to coast and know the Southern Pines housing market well.

Southern Pines's amazing growth has made it a great place to live. But on the flip side, the growth has also led to a shortage of cheaper homes. Ongoing economic growth and cultural expansion have helped to entice entrepreneurs, retirees, and new graduates to the Southern Pines area, but so much change also means a strain on housing options, school capacities, and city roads. Despite this, Southern Pines and the surrounding areas still offer a wide range of home styles and prices. You can find single-family homes, condos, townhomes, and (hopefully) your dream home! When looking to buy a house in Southern Pines, consider the home's location in relation to your everyday activities. If you can, drive the route you'd take from the house to your school, office, and favorite hangout spot. Your home's location will influence almost every aspect of your life. Traveling around Southern Pines will also give you an idea of why homes in west Southern Pines are priced differently than homes in east Southern Pines, what the neighborhoods are like, and where to find Southern Pines's hottest attractions.

Are your finances in the right place to buy a home in Southern Pines? 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 try our best to make the journey easier and more rewarding. You could choose to buy a home in North Carolina or elsewhere. We work with first-time homeowners 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 Southern Pines.

Before anything else, calculate how much house you can afford. This will help you set a price range while house shopping in Southern Pines. Next, add up the 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 Southern Pines averages will usually give you some solid estimates. 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. Putting at least 20% down will increase your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). Even so, the required down payment will depend on the type of loan you get. This is where getting prequalified for a mortgage comes in handy. 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 options are always a good thing!

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

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