Can You Afford to Buy a House in Myrtle Beach, SC?

Busy? Have us call you back. Call Me Back

More Information

Your Step-by-Step Guide to Afford to Buy a House in Myrtle Beach, SC

Help make sure your home isn't a source of financial stress. A great way to make sure that happens is to prepare for your home purchase ahead of time. Know when it might be better to wait until your situation improves and when you're in a financially strong enough position to buy a home in Myrtle Beach. Get started with the following steps and reach out to a Mr. Cooper Mortgage Professional to discuss strategy.

Examine your finances. Look at the whole picture. How do you feel about your current monthly expenses, credit history, and savings? A quick reality check goes a long way. A good way to start your Myrtle Beach home buying journey is with a healthy credit history, a good handle on your current expenses, and enough savings for a minimum 20% down payment.

Now, let's put some real numbers down. Use Mr. Cooper's affordability calculator to see where your budget stands. You can estimate about how much house you can afford in Myrtle Beach based on your desired maximum monthly mortgage payment and income. Will this price range get you into the Myrtle Beach home you've been dreaming about? If not, think about buying a house in a surrounding area or boosting your down payment. If it will, then take the next step in the homeownership journey with Mr. Cooper!

It's the right time to prequalify for a house in Myrtle Beach. Prequalification is a more formal estimate of how much of a home loan you could get approved for. It's the result of some financial details you provide and a credit check. Prequalification is also an opportunity to learn more about your various mortgage options and determine which one is right for you. Mr. Cooper’s online prequalification tool makes it easy. Let us know where you'd like to buy a home in Myrtle Beach, the property type, how you anticipate using the property, and whether or not you're currently working with a real estate professional. Enter your expected down payment and purchase price. Share a couple more personal details and you're almost prequalified. It's a simple process and prequalification lasts 120 days.

Don't forget to budget your time when doing the math on how you can afford to buy a house in Myrtle Beach. Your time is one resource that's non-refundable and non-renewable, and looking for the perfect home in Myrtle Beach can be time-consuming. Partner with a real estate agent in Myrtle Beach who does the legwork for you. You can get connected with a top-performing real estate agent in Myrtle Beach and potentially save thousands with Mr. Cooper® Real Estate Rewards.* Try it! See just how much you could save on closing costs and real estate commissions with Mr. Cooper’s Real Estate Rewards calculator.

The last step in preparing your finances to buy a house in Myrtle Beach is to apply for a home loan. Can you see the finish line? Partner with a home loan servicer like Mr. Cooper, and you'll receive personalized support from the moment you dream of owning a home to the reality of holding the keys in your hand. Call Mr. Cooper Mortgage Professionals. They are home buying experts who will work their hardest to present you with the best loan options possible.

The house of your dreams is waiting for you and your loved ones. Get your finances in order to buy a house in Myrtle Beach. The path to homeownership is right in front of you!

Mr. Cooper Reviews from Real Customers in Myrtle Beach, SC

Read actual reviews from actual Mr. Cooper customers in Myrtle Beach, SC. Then call us to see how we can help you.

Simplify the home buying or selling process in Myrtle Beach with Mr. Cooper.

Work with Mr. Cooper and get the support you need to make the home buying or selling process smoother.