Get Familiar with the Lay of the Land in West Chester, PA
Ready to lay down some roots and buy a house in West Chester? Awesome! You picked a vibrant city with a dynamic selection of businesses, schools, restaurants and parks, and we're here to help the home purchase process go a little smoother. We service 3.8 million customers nationwide and are familiar with the ins-and-outs of the West Chester housing market.
West Chester is growing by the day, which means West Chester homes don't always come cheap. Continued support for local businesses and cultural growth have helped to attract entrepreneurs, retirees, and new graduates to the West Chester area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Despite this, West Chester and the surrounding areas still offer a variety of home styles and prices. You can find townhomes, condos, single-family homes, duplexes, and (fingers-crossed) your dream home! When buying a home in West Chester, 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. Your house's location will affect everything, from your morning routine to how you spend your evenings. Discovering different parts of West Chester will help you see how the northern part differs from the southern part, where to find West Chester's most popular attractions, and what the neighborhoods are like.
You're ready to buy a house in West Chester, but is your bank account? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. 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 West Chester. We serve experienced homeowners and first-time homeowners alike. Start with the following steps to help you determine if you're financially ready to buy a home in West Chester.
First, estimate how much house you can afford. This will help you set a price range while house shopping in West Chester. Next, add up the 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 West Chester will usually point you in the right direction. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.
Then, 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, down payment requirements can differ depending on the loan type. Here's where it can help to get prequalified for a mortgage. Prequalification points you in the right direction as far as how much you may be eligible to borrow. Also, consider your credit profile. Credit history is one of the main factors that lenders look at when considering your mortgage application. The better your credit is, the more mortgage options you may be presented with— and who doesn't want more choices in life?
Make Your Move: Buy a Home in West Chester, 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 West Chester, moving doesn't seem so challenging. Contact Mr. Cooper as you look to buy a home in West Chester.