What to Know Before Buying a Home in Central Point, OR

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Exploring Central Point, OR From North to South

Thinking about buying a home in Central Point? Great idea! You picked a vibrant city with a great balance of educational opportunities, businesses, and parks, and we're here to help make your house hunt, purchase, and move more streamlined. We service 3.8 million customers across the country and are familiar with the ins-and-outs of the Central Point housing market.

Given all of Oregon's growth, Central Point homes aren't always easy to find at a comfortable price. Sustained cultural expansion and economic growth have helped to attract young families, new businesses, and retirees to the Central Point area, but so much change also means a strain on housing options, school capacities, and city roads. Even so, Central Point and its neighboring areas still offer an array of home styles and prices. You can find townhomes, condos, single-family homes, duplexes, and (fingers-crossed) your perfect home! When buying a house in Central Point, consider how near or far away the home is from the places you visit most. If possible, 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. Discovering different parts of Central Point will help you see how the northern part differs from the southern part, where to find Central Point's most popular attractions, and what the neighborhoods are like.

Are you financially prepared to buy a house in Central Point? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We believe everyone can find their dream home and work to make the journey less worrisome and more rewarding every step of the way. You could choose to buy a home in Oregon or elsewhere. We work with experienced homeowners and first-time homeowners alike. Walk through the following steps to help you see if you're in a good financial position to buy a house in Central Point.

First, calculate how much house you can afford. This will help you set a price range while house shopping in Central Point. Next, map out your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). You don't need an exact amount for these expenses. While everyone's situation is different, an online search for Central Point averages will usually give you some solid estimates. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Next, look at how much money you can put toward 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). Even so, down payment requirements can differ depending on the loan type. Here's where it can help to get prequalified for a mortgage. Getting prequalified will give you an idea of how much you might qualify to borrow. Also, consider your credit profile. Credit history is an important part of your mortgage application. The healthier your credit is, the more mortgage options you may have open to you— and options are always a good thing!

Move Up and Out: Buying Your Dream House in Central Point, OR

Moving remains one of the biggest stressors, despite being a practically universal experience. But when you get to live in a stellar city like Central Point, moving doesn't seem so challenging. Contact Mr. Cooper as you prepare to buy a house in Central Point. We're here for you every step of 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.*

Mr. Cooper Customer Reviews for Central Point, OR

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