All About Buying a House in Franklin Park, PA

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Get Familiar with the Lay of the Land in Franklin Park, PA

Ready to lay down some roots and buy a house in Franklin Park? Smart move! You've chosen a vibrant city with a dynamic selection of businesses, schools, restaurants and parks, and we're here to help make your home purchase and move a little easier. We support 3.8 million customers across the country and have the inside scoop on Franklin Park's housing scene.

Franklin Park is growing by the day, which means Franklin Park homes don't always come cheap. Ongoing economic growth and cultural expansion have helped to attract young families, new businesses, and retirees to the Franklin Park area, but so much change also means a strain on housing options, school capacities, and city roads. Despite this, Franklin Park and the surrounding areas still offer a variety 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 Franklin Park, consider how near or far away the home is from the places you visit most. 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. Exploring Franklin Park will also help you get a feel for how homes in east Franklin Park differ from west Franklin Park, what the communities are like, and where to find Franklin Park's coolest attractions.

Are your finances in the right place to buy a home in Franklin Park? 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. You could choose to buy a home in Pennsylvania or elsewhere. We help new and experienced 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 Franklin Park.

Before anything else, calculate how much house you can afford. This will help determine the price range for your Franklin Park house hunt. Next, add up the potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). No need to have an exact amount. While everyone's situation is different, an online search for Franklin Park averages will usually give you some solid estimates. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Then, look at how much money you can put toward a down payment. Putting at least 20% down will increase your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). However, down payment requirements can differ depending on the loan type. Here's where it can help to get prequalified for a mortgage. Getting prequalified will give you an idea of how much you might qualify to borrow. Also, consider your credit profile. 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 more options are always good!

Make Your Move: Buy a Home in Franklin Park, PA

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 can also be incredibly rewarding, especially when you get to live in an amazing city like Franklin Park. Contact Mr. Cooper as you prepare to buy a house in Franklin Park. We're here for you from start to finish and Mr. Cooper® Real Estate Rewards can even connect you with a high-performing real estate agent who may be able to help you save thousands.*

Mr. Cooper Customer Reviews for Franklin Park, PA

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

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