What to Know Before Buying a Home in Hermiston, OR

Busy? Have us call you back. Call Me Back

More Information

Get Familiar with the Lay of the Land in Hermiston, OR

Strongly considering a home purchase in Hermiston? Great idea! You've chosen an energetic city with an ideal amount of educational opportunities, businesses, and parks, and we're here to help make your home purchase and move a little easier. We service 3.8 million customers nationwide and are familiar with the ins-and-outs of the Hermiston housing market.

Hermiston is growing by the day, which means Hermiston homes don't always come cheap. Continued support for local businesses and cultural growth have helped to attract entrepreneurs, retirees, and new graduates to the Hermiston area, but so much change also means a strain on housing options, school capacities, and city roads. Even so, Hermiston and its neighboring areas still offer a variety of home types and prices. You can find duplexes, single-family homes, townhomes, condos, and (ideally) your dream home! When buying a house in Hermiston, consider how near or far away the home is from the places you visit most. 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. Discovering different parts of Hermiston will help you see how the northern part differs from the southern part, where to find Hermiston's most popular attractions, and what the neighborhoods are like.

Are you financially prepared to buy a house in Hermiston? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We believe in keeping the dream of homeownership alive and work to make every stage of the journey more enjoyable and less worrisome. It doesn't matter whether you want to buy a home in Oregon or somewhere else entirely. We work with 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 Hermiston.

Before anything else, calculate how much house you can afford. This will help you set a price range while house shopping in Hermiston. After that, jot down 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 Hermiston averages will usually give you a solid estimate, though everyone's situation is different. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Now, figure out what a realistic down payment would be for you. A down payment of at least 20% can help improve 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, take a good look at 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 options are always a good thing!

Move Up and Out: Buying Your Dream House in Hermiston, 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 Hermiston. Contact Mr. Cooper as you look to buy a home in Hermiston. 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 Hermiston, OR

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

Make buying or selling a Hermiston home easier.

Work with Mr. Cooper and get the support you need to make the home buying or selling process smoother.