What to Know Before Buying a Home in Shawnee, OK

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Get Familiar with the Lay of the Land in Shawnee, OK

Ready to lay down some roots and buy a house in Shawnee? Congratulations! You picked a lively city with a dynamic selection of educational opportunities, businesses, and parks, and we're here to help make your house hunt, purchase, and move more streamlined. We serve 3.8 million customers across the country and are familiar with the ins-and-outs of the Shawnee housing market.

Given all of Oklahoma's growth, Shawnee homes aren't always easy to find at a comfortable price. Sustained support for local businesses and cultural growth have helped to beckon young families, new businesses, and retirees to the Shawnee area, but so much change also means more traffic, more competition, and a need for more schools. Even so, Shawnee and its nearby areas still offer a variety of home types and prices. You can find duplexes, single-family homes, townhomes, condos, and (fingers-crossed) your dream house! When buying a house in Shawnee, double check that you're factoring in the home's distance from your daily activities. If you can, drive the route you'd take from the house to your school, office, and favorite hangout spot. Your house's location will affect everything, from your morning routine to how you spend your evenings. Traveling around Shawnee will also give you an idea of why homes in west Shawnee are priced differently than homes in east Shawnee, what the neighborhoods are like, and where to find Shawnee's hottest attractions.

Are you financially prepared to buy a house in Shawnee? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We believe in keeping the dream of homeownership alive and work to make the journey less worrisome and more rewarding every step of the way. You don't even have to stick with your decision to buy a house in Shawnee. We work with new and experienced homeowners alike. Walk through the following steps to help you determine if you're financially ready to buy a home in Shawnee.

First, calculate how much house you can afford. This will help you narrow your search when house hunting in Shawnee. Next, add up the potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). No need to have an exact amount. Everyone's situation will differ, but a quick online search for average expenses in Shawnee will usually point you in the right direction. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Next, figure out what a realistic down payment would be for you. Placing a minimum of 20% down can increase 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. Here's where it can help to get prequalified for a mortgage. Getting prequalified helps you know how much you might be eligible to borrow from a lender. Also, check your credit. Lenders place a high importance on credit history when looking at your mortgage application. The better your credit is, the more mortgage options you may be presented with— and who doesn't want more choices in life?

Move Up and Out: Buying Your Dream House in Shawnee, OK

As common as moving is, you'd think we'd all have figured out a less stressful way to do it. And yet, it remains a top stressor in life! But moving can also be incredibly rewarding, especially when you get to live in an amazing city like Shawnee. Contact Mr. Cooper as you get ready to buy a house in Shawnee. We're here for you every step of the way 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 Shawnee, OK

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