What to Know Before Buying a Home in Plum, PA

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Understanding the Plum, PA Housing Landscape

Strongly considering a home purchase in Plum? Great idea! You've chosen an energetic city with a great balance 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 are familiar with the ins-and-outs of the Plum housing market.

Given all of Pennsylvania's growth, Plum homes aren't always easy to find at a comfortable price. Sustained support for local businesses and cultural growth have helped to entice entrepreneurs, retirees, and new graduates to the Plum area, but so much change also means a strain on housing options, school capacities, and city roads. Despite this, Plum and its nearby areas still offer a wide range of home types and prices. You can find duplexes, single-family homes, townhomes, condos, and (ideally) your perfect home! When buying a home in Plum, double check that you're factoring in the home's distance from your daily activities. If possible, drive the route you'd take from the house to your school, office, and favorite hangout spot. Your home's location will influence almost every aspect of your life. Exploring Plum will also help you get a feel for how homes in east Plum differ from west Plum, where to find Plum's most popular attractions, and what the neighborhoods are like.

Are you financially prepared to buy a house in Plum? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We believe everyone can find their dream home 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 Plum. We support new 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 Plum.

First, estimate how much house you can afford. This will help determine the price range for your Plum house hunt. Next, map out your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). No need to have an exact amount. Everyone's situation will differ, but a quick online search for average expenses in Plum will usually point you in the right direction. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Next, figure out what a realistic down payment would be for you. A down payment of at least 20% can help increase your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). Even so, the required down payment will depend on the type of loan you get. This is where getting prequalified for a mortgage comes in handy. Getting prequalified will give you an idea of how much you might qualify to borrow. 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 options are always a good thing!

Make Your Move: Buy a Home in Plum, PA

Moving remains one of the biggest stressors, despite being a practically universal experience. But when you get to live in a stellar city like Plum, moving doesn't seem so challenging. Contact Mr. Cooper as you get ready to buy a house in Plum. 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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