What to Know Before Buying a Home in Marion, OH

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Exploring Marion, OH From North to South

Thinking about buying a home in Marion? Awesome! You've chosen a vibrant city with a great balance of educational opportunities, businesses, and parks, and we're here to help the home purchase process go a little smoother. We serve 3.8 million customers nationwide and know the Marion housing market well.

Marion is growing by the day, which means Marion homes don't always come cheap. Sustained cultural expansion and economic growth have helped to beckon retirees, new businesses, and young families to the Marion area, but so much change also means more traffic, more competition, and a need for more schools. Despite this, Marion and the surrounding areas still offer a wide range of homes in price and amenities. You can find duplexes, single-family homes, townhomes, condos, and (fingers-crossed) your dream house! When buying a home in Marion, consider the home's location in relation to your everyday activities. 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 Marion will also give you an idea of why homes in west Marion are priced differently than homes in east Marion, where to find Marion's most popular attractions, and what the neighborhoods are like.

You're ready to buy a house in Marion, but is your bank account? 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 every stage of the journey more enjoyable and less worrisome. You don't even have to stick with your decision to buy a house in Marion. We help new and experienced homeowners alike. Walk through the following steps to help you determine if you're financially ready to buy a home in Marion.

Before anything else, estimate how much house you can afford. This will help you narrow your search when house hunting in Marion. Next, map out your potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). It's okay if these numbers are educated guesses. Searching the web for Marion averages will usually give you a solid estimate, though everyone's situation is different. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Then, figure out what a realistic down payment would be for you. Placing a minimum of 20% down can boost your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). Even so, the minimum down payment requirements depend on the type of loan. 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. Lenders place a high importance on credit history when looking at your mortgage application. You may be presented with more mortgage options if you have healthy credit— and more options are always good!

Make Your Move: Buy a Home in Marion, 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 Marion. Contact Mr. Cooper as you look to buy a home in Marion. We're here for you from start to finish and Mr. Cooper® Real Estate Rewards can even connect you with a high-performing real estate agent who may be able to help you save thousands.*

Mr. Cooper Customer Reviews for Marion, OH

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

Make buying or selling a Marion home easier.

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