The Process of Buying a Home in Canton, OH

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Exploring Canton, OH From North to South

Thinking about buying a home in Canton? Congratulations! You picked a colorful 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 know the Canton housing market well.

Canton is growing by the day, which means Canton homes don't always come cheap. Sustained cultural expansion and economic growth have helped to beckon young families, new businesses, and retirees to the Canton area, but so much change also means more traffic, more competition, and a need for more schools. That said, Canton and its nearby 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 home! When buying a home in Canton, 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. The location of your house will impact virtually every part of your life. Traveling around Canton will also give you an idea of why homes in west Canton are priced differently than homes in east Canton, what the neighborhoods are like, and where to find Canton's hottest attractions.

Are you financially prepared to buy a house in Canton? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We believe in keeping the dream of homeownership alive and try our best to make the journey easier and more rewarding. You could choose to buy a home in Ohio or elsewhere. We support new 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 Canton.

Before anything else, estimate how much house you can afford. This will help determine the price range for your Canton house hunt. After that, jot down your potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). It's okay if these numbers are educated guesses. Everyone's situation will differ, but a quick online search for average expenses in Canton will usually point you in the right direction. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Now, look at how much money you can put toward a down payment. 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). However, down payment requirements can differ depending on the loan type. At this stage, getting prequalified for a loan can be extremely helpful. 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 one of the main factors that lenders look at when considering 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?

It's Go Time! Buy a House in Canton, OH

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 Canton. Contact Mr. Cooper as you look to buy a home in Canton. We're here to help you along the way 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.*

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