What to Know Before Buying a Home in Prineville, OR

Busy? Have us call you back. Call Me Back

More Information

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

Strongly considering a home purchase in Prineville? Great idea! You picked a colorful city with a great balance of educational opportunities, businesses, and parks, and we're here to help the home purchase process go a little smoother. We service 3.8 million customers nationwide and are familiar with the ins-and-outs of the Prineville housing market.

Given all of Oregon's growth, Prineville homes aren't always easy to find at a comfortable price. Sustained cultural expansion and economic growth have helped to beckon entrepreneurs, retirees, and new graduates to the Prineville area, but so much change also means a strain on housing options, school capacities, and city roads. Even so, Prineville and the surrounding areas still offer an array of home types and prices. You can find townhomes, condos, single-family homes, duplexes, and (fingers-crossed) your perfect home! When looking to buy a house in Prineville, 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 Prineville will also give you an idea of why homes in west Prineville are priced differently than homes in east Prineville, what the neighborhoods are like, and where to find Prineville's hottest attractions.

You're ready to buy a house in Prineville, 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 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. Start with the following steps to help you figure out if your finances are in the right place to buy a house in Prineville.

Before anything else, estimate how much house you can afford. This will help you narrow your search when house hunting in Prineville. Next, map out your potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). You don't need an exact amount for these expenses. While everyone's situation is different, an online search for Prineville averages will usually give you some solid estimates. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Then, look at how much money you can put toward a down payment. Putting at least 20% down will increase your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). However, the minimum down payment requirements depend on the type of loan. At this stage, getting prequalified for a loan can be extremely helpful. Getting prequalified will give you an idea of how much you might qualify to borrow. Also, consider your credit profile. 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 who doesn't want more choices in life?

Make Your Move: Buy a Home in Prineville, OR

Moving remains one of the biggest stressors, despite being a practically universal experience. But moving feels more rewarding when you get to live in a place like Prineville. Contact Mr. Cooper as you prepare to buy a house in Prineville. 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 Reviews from Real Customers in Prineville, OR

Read real stories from real Mr. Cooper home buyers and sellers in Prineville, OR. Then contact us to see what we can do for you.

Make buying or selling a Prineville home easier.

Put Mr. Cooper in your corner for a better home buying or selling experience.