What to Know Before Buying a Home in Dallas, OR

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Understanding the Dallas, OR Housing Landscape

Strongly considering a home purchase in Dallas? Great idea! You selected a colorful city with a great balance of parks, businesses, and educational opportunities, and we're here to help make your house hunt, purchase, and move more streamlined. We service 3.8 million customers nationwide and are familiar with the ins-and-outs of the Dallas housing market.

Dallas is growing by the day, which means Dallas homes don't always come cheap. Ongoing support for local businesses and cultural growth have helped to beckon entrepreneurs, retirees, and new graduates to the Dallas area, but so much change also means more traffic, more competition, and a need for more schools. Despite this, Dallas and its neighboring areas still offer an array of home styles and prices. You can find townhomes, condos, single-family homes, duplexes, and (hopefully) your dream home! When buying a house in Dallas, consider the home's location in relation to your everyday activities. If you can, test drive your route to work, school, and the grocery store. The location of your house will impact virtually every part of your life. Exploring Dallas will also help you get a feel for how homes in east Dallas differ from west Dallas, what the neighborhoods are like, and where to find Dallas's hottest attractions.

Are you financially prepared to buy a house in Dallas? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. 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 could choose to buy a home in Oregon or elsewhere. We serve new and experienced homeowners alike. Start with the following steps to help you determine if you're financially ready to buy a home in Dallas.

First, calculate how much house you can afford. This will help you set a price range while house shopping in Dallas. Next, 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. While everyone's situation is different, an online search for Dallas 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, figure out what a realistic down payment would be for you. A down payment of at least 20% can help increase your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). However, the minimum down payment requirements depend on the type of loan. 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, take a good look at your credit. Credit history is one of the main factors that lenders look at when considering your mortgage application. You may be presented with more mortgage options if you have healthy credit— and options are always a good thing!

It's Go Time! Buy a House in Dallas, OR

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 feels more rewarding when you get to live in a place like Dallas. Contact Mr. Cooper as you prepare to buy a house in Dallas. We're here for you from start to finish and Mr. Cooper® Real Estate Rewards can even connect you with a top-performing real estate agent who can potentially save you thousands.*

Mr. Cooper Customer Reviews for Dallas, OR

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