What to Know Before Buying a Home in Scituate, RI

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Exploring Scituate, RI From North to South

Thinking about buying a home in Scituate? Smart move! You selected a lively city with a dynamic selection of parks, businesses, and educational opportunities, and we're here to help the home purchase process go a little smoother. We service 3.8 million customers nationwide and know the Scituate housing market well.

Given all of Rhode Island's growth, Scituate homes aren't always easy to find at a comfortable price. Ongoing cultural expansion and economic growth have helped to beckon entrepreneurs, retirees, and new graduates to the Scituate area, but so much change also means more traffic, more competition, and a need for more schools. That said, Scituate and the surrounding areas still offer a wide range of home styles and prices. You can find townhomes, condos, single-family homes, duplexes, and (fingers-crossed) your perfect home! When buying a house in Scituate, double check that you're factoring in the home's distance from your daily activities. If possible, test drive your trip from the house to work, school, and the grocery store. Your home's location will influence almost every aspect of your life. Discovering different parts of Scituate will help you see how the northern part differs from the southern part, what the neighborhoods are like, and where to find Scituate's hottest attractions.

Are you financially prepared to buy a house in Scituate? 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 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 Scituate. We work with experienced homeowners and first-time 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 Scituate.

Before anything else, calculate how much house you can afford. This will help you set a price range while house shopping in Scituate. Then, map out your potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). You don't need an exact amount for these expenses. While everyone's situation is different, an online search for Scituate averages will usually give you some solid estimates. Keep in mind that a mortgage payment could make up the majority of most homeowners’ monthly household expenses.

Next, look at how much money you can put toward a down payment. Placing a minimum of 20% down can increase your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). However, the minimum down payment requirements depend on the type of loan. This is where getting prequalified for a mortgage comes in handy. Getting prequalified helps you know how much you might be eligible to borrow from a lender. Also, consider your credit profile. Credit history is one of the main factors that lenders look at when considering 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 Scituate, RI

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