The Process of Buying a Home in Duncan, OK

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Exploring Duncan, OK From North to South

Thinking about buying a home in Duncan? Smart move! You selected an energetic city with an ideal amount of educational opportunities, businesses, and parks, and we're here to help the home purchase process go a little smoother. We support 3.8 million customers nationwide and know the Duncan housing market well.

Duncan is growing by the day, which means Duncan homes don't always come cheap. Sustained support for local businesses and cultural growth have helped to beckon retirees, new businesses, and young families to the Duncan area, but so much change also means more traffic, more competition, and a need for more schools. Despite this, Duncan and its neighboring areas still offer a variety of home types and prices. You can find single-family homes, condos, townhomes, and (ideally) your dream house! When looking to buy a house in Duncan, consider the home's location in relation to your everyday activities. If you can, test drive your trip from the house to work, school, and the grocery store. Your house's location will affect everything, from your morning routine to how you spend your evenings. Traveling around Duncan will also give you an idea of why homes in west Duncan are priced differently than homes in east Duncan, what the communities are like, and where to find Duncan's coolest attractions.

You're ready to buy a house in Duncan, but is your bank account? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. 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 Duncan. We help experienced homeowners and first-time homeowners alike. Read through the following steps to help you figure out if your finances are in the right place to buy a house in Duncan.

First, estimate how much house you can afford. This will help you set a price range while house shopping in Duncan. Then, 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. Everyone's situation will differ, but a quick online search for average expenses in Duncan 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. A down payment of at least 20% can help increase your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). However, the minimum down payment requirements depend on the type of loan. 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. The better your credit is, the more mortgage options you may be presented with— and more options are always good!

It's Go Time! Buy a House in Duncan, OK

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 Duncan. Contact Mr. Cooper as you look to buy a home in Duncan. 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.*

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