The Process of Buying a Home in Sumter, SC

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Exploring Sumter, SC From North to South

Thinking about buying a home in Sumter? Congratulations! You've chosen an energetic city with a dynamic selection of educational opportunities, businesses, and parks, and we're here to help the home purchase process go a little smoother. We support 3.8 million customers nationwide and have the inside scoop on Sumter's housing scene.

Sumter is growing by the day, which means Sumter homes don't always come cheap. Continued economic growth and cultural expansion have helped to beckon young families, new businesses, and retirees to the Sumter area, but so much change also means more traffic, more competition, and a need for more schools. That said, Sumter and the surrounding areas still offer an array of homes in price and amenities. You can find duplexes, single-family homes, townhomes, condos, and (fingers-crossed) your perfect home! When buying a house in Sumter, consider how near or far away the home is from the places you visit most. 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. Exploring Sumter will also help you get a feel for how homes in east Sumter differ from west Sumter, where to find Sumter's most popular attractions, and what the neighborhoods are like.

Are your finances in the right place to buy a home in Sumter? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We believe in keeping the dream of homeownership alive and work to make every stage of the journey more enjoyable and less worrisome. You could choose to buy a home in South Carolina or elsewhere. We support new and experienced homeowners alike. Walk through the following steps to help you determine if you're financially ready to buy a home in Sumter.

First, calculate how much house you can afford. This will help you set a price range while house shopping in Sumter. After that, 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 Sumter will usually point you in the right direction. Keep in mind that a mortgage payment could make up the majority of most homeowners’ monthly household expenses.

Now, look at how much money you can put toward a down payment. Putting at least 20% down will improve your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). However, down payment requirements can differ depending on the loan type. At this stage, getting prequalified for a loan can be extremely helpful. Getting prequalified will give you an idea of how much you might qualify to borrow. Also, take a good look at your credit. Credit history is one of the main factors that lenders look at when considering your mortgage application. The healthier your credit is, the more mortgage options you may have open to you— and who doesn't want more choices in life?

Make Your Move: Buy a Home in Sumter, SC

Moving remains one of the biggest stressors, despite being a practically universal experience. But moving feels more rewarding when you get to live in a place like Sumter. Contact Mr. Cooper as you look to buy a home in Sumter. We're here to help you along the way 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.*

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