What to Know Before Buying a Home in Chambersburg, PA

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Understanding the Chambersburg, PA Housing Landscape

Ready to lay down some roots and buy a house in Chambersburg? Great idea! You picked a vibrant city with a dynamic selection of parks, businesses, and educational opportunities, and we're here to help make your home purchase and move a little easier. We service 3.8 million customers from coast to coast and have the inside scoop on Chambersburg's housing scene.

Chambersburg is growing by the day, which means Chambersburg homes don't always come cheap. Continued cultural expansion and economic growth have helped to beckon young families, new businesses, and retirees to the Chambersburg area, but so much change also means a strain on housing options, school capacities, and city roads. Despite this, Chambersburg and the surrounding areas still offer an array of home styles and prices. You can find duplexes, single-family homes, townhomes, condos, and (fingers-crossed) your dream home! When buying a house in Chambersburg, 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. Discovering different parts of Chambersburg will help you see how the northern part differs from the southern part, what the communities are like, and where to find Chambersburg's coolest attractions.

Are your finances in the right place to buy a home in Chambersburg? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We think the dream of homeownership should never fade and work to make every stage of the journey more enjoyable and less worrisome. You don't even have to stick with your decision to buy a house in Chambersburg. We support first-time homeowners and experienced 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 Chambersburg.

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

Now, look at how much money you can put toward a down payment. A down payment of at least 20% can help boost your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). Even so, 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. 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 Chambersburg, PA

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But moving feels more rewarding when you get to live in a place like Chambersburg. Contact Mr. Cooper as you prepare to buy a house in Chambersburg. 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.*

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