What to Know Before Buying a Home in Allentown, PA

Busy? Have us call you back. Call Me Back

More Information

Exploring Allentown, PA From North to South

Ready to lay down some roots and buy a house in Allentown? Great idea! You selected a vibrant city with an ideal amount of businesses, schools, restaurants and parks, and we're here to help the home purchase process go a little smoother. We support 3.8 million customers nationwide and have the inside scoop on Allentown's housing scene.

Allentown is growing by the day, which means Allentown homes don't always come cheap. Ongoing cultural expansion and economic growth have helped to beckon young families, new businesses, and retirees to the Allentown area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Even so, Allentown and its nearby areas still offer a variety of homes in price and amenities. You can find townhomes, condos, single-family homes, duplexes, and (ideally) your perfect home! When buying a house in Allentown, consider how near or far away the home is from the places you visit most. If you can, test drive your trip from the house to work, school, and the grocery store. The location of your house will impact virtually every part of your life. Exploring Allentown will also help you get a feel for how homes in east Allentown differ from west Allentown, where to find Allentown's most popular attractions, and what the neighborhoods are like.

Are your finances in the right place to buy a home in Allentown? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We think the dream of homeownership should never fade and try our best to make the journey easier and more rewarding. It doesn't matter whether you want to buy a home in Pennsylvania or somewhere else entirely. We work with new and experienced homeowners alike. Start with the following steps to help you see if you're in a good financial position to buy a house in Allentown.

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

Then, figure out what a realistic down payment would be for you. A down payment of at least 20% can help boost your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). Even so, 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 helps you know how much you might be eligible to borrow from a lender. Also, consider your credit profile. Lenders place a high importance on credit history when looking at 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?

It's Go Time! Buy a House in Allentown, PA

Moving remains one of the biggest stressors, despite being a practically universal experience. But moving can also be incredibly rewarding, especially when you get to live in an amazing city like Allentown. Contact Mr. Cooper as you look to buy a home in Allentown. We're here for you from start to finish 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 Reviews from Real Customers in Allentown, PA

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

Simplify the home buying or selling process in Allentown with Mr. Cooper.

Mr. Cooper works to save buyers and sellers money at every stage of their journey, from real estate commissions to closing costs.