What to Know Before Buying a Home in Drexel Hill, PA

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Exploring Drexel Hill, PA From North to South

Thinking about buying a home in Drexel Hill? Awesome! You've chosen 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 support 3.8 million customers nationwide and know the Drexel Hill housing market well.

Given all of Pennsylvania's growth, Drexel Hill homes aren't always easy to find at a comfortable price. Continued support for local businesses and cultural growth have helped to attract retirees, new businesses, and young families to the Drexel Hill area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Despite this, Drexel Hill and the surrounding areas still offer a wide range of homes in price and amenities. You can find single-family homes, condos, townhomes, and (hopefully) your dream home! When looking to buy a house in Drexel Hill, 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. The location of your house will impact virtually every part of your life. Discovering different parts of Drexel Hill will help you see how the northern part differs from the southern part, what the neighborhoods are like, and where to find Drexel Hill's hottest attractions.

Are your finances in the right place to buy a home in Drexel Hill? 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 the journey less worrisome and more rewarding every step of the way. You don't even have to stick with your decision to buy a house in Drexel Hill. We support first-time homeowners 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 Drexel Hill.

Before anything else, calculate how much house you can afford. This will help determine the price range for your Drexel Hill house hunt. After that, map out your potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). It's okay if these numbers are educated guesses. Searching the web for Drexel Hill 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.

Next, figure out what a realistic down payment would be for you. 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, consider your credit profile. Lenders place a high importance on credit history when looking at your mortgage application. The healthier your credit is, the more mortgage options you may have open to you— and who doesn't want more choices in life?

Make Your Move: Buy a Home in Drexel Hill, PA

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But when you get to live in a stellar city like Drexel Hill, moving doesn't seem so challenging. Contact Mr. Cooper as you prepare to buy a house in Drexel Hill. We're here to help you along the way 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 Drexel Hill, PA

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

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