The Process of Buying a Home in Akron, OH

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Get Familiar with the Lay of the Land in Akron, OH

Ready to lay down some roots and buy a house in Akron? Awesome! You picked a lively city with a dynamic selection of businesses, schools, restaurants and parks, and we're here to help the home purchase process go a little smoother. We serve 3.8 million customers nationwide and are familiar with the ins-and-outs of the Akron housing market.

Akron'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. Continued cultural expansion and economic growth have helped to attract young families, new businesses, and retirees to the Akron area, but so much change also means more traffic, more competition, and a need for more schools. That said, Akron and its neighboring areas still offer an array of homes in price and amenities. You can find townhomes, condos, single-family homes, duplexes, and (ideally) your dream house! When buying a home in Akron, consider how near or far away the home is from the places you visit most. If possible, 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 Akron will also give you an idea of why homes in west Akron are priced differently than homes in east Akron, what the neighborhoods are like, and where to find Akron's hottest attractions.

Are you financially prepared to buy a house in Akron? 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 Ohio or elsewhere. We work with first-time homeowners and experienced homeowners alike. Read through the following steps to help you see if you're in a good financial position to buy a house in Akron.

First, estimate how much house you can afford. This will help you narrow your search when house hunting in Akron. Next, add up the potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). No need to have an exact amount. Everyone's situation will differ, but a quick online search for average expenses in Akron 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.

Then, consider how much you can contribute to a down payment. Placing a minimum of 20% down can increase your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). Even so, down payment requirements can differ depending on the loan type. 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, consider your credit profile. Credit history is one of the main factors that lenders look at when considering 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 Akron, OH

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But when you get to live in a stellar city like Akron, moving doesn't seem so challenging. Contact Mr. Cooper as you prepare to buy a house in Akron. 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 Akron, OH

Read real stories from real Mr. Cooper home buyers and sellers in Akron, OH. Then contact us to see what we can do for you.

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