The Process of Buying a Home in Reading, PA

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Get Familiar with the Lay of the Land in Reading, PA

Strongly considering a home purchase in Reading? Awesome! You've chosen a lively city with a dynamic selection of parks, businesses, and educational opportunities, and we're here to help make your house hunt, purchase, and move more streamlined. We service 3.8 million customers across the country and have the inside scoop on Reading's housing scene.

Reading is growing by the day, which means Reading homes don't always come cheap. Ongoing cultural expansion and economic growth have helped to entice young families, new businesses, and retirees to the Reading area, but so much change also means a strain on housing options, school capacities, and city roads. That said, Reading and its nearby areas still offer an array of home styles and prices. You can find duplexes, single-family homes, townhomes, condos, and (fingers-crossed) your dream house! When looking to buy a house in Reading, consider how near or far away the home is from the places you visit most. If possible, 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. Traveling around Reading will also give you an idea of why homes in west Reading are priced differently than homes in east Reading, where to find Reading's most popular attractions, and what the neighborhoods are like.

Are you financially prepared to buy a house in Reading? 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. It doesn't matter whether you want to buy a home in Pennsylvania or somewhere else entirely. We help experienced homeowners and first-time homeowners alike. Walk through the following steps to help you figure out if your finances are in the right place to buy a house in Reading.

First, calculate how much house you can afford. This will help determine the price range for your Reading house hunt. Then, map out your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). It's okay if these numbers are educated guesses. Everyone's situation will differ, but a quick online search for average expenses in Reading will usually point you in the right direction. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Now, figure out what a realistic down payment would be for you. Placing a minimum of 20% down can improve your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). Even so, down payment requirements can differ depending on the loan type. 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, check your credit. Credit history is an important part of 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?

Move Up and Out: Buying Your Dream House in Reading, 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 Reading. Contact Mr. Cooper as you get ready to buy a house in Reading. 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 Customer Reviews for Reading, PA

Take it from these Mr. Cooper home buyers and sellers in Reading, PA: We love helping homeowners. Call now to see how we can serve you.

Buying or selling a house in Reading? Mr. Cooper makes it easier.

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