What to Know Before Buying a Home in Aberdeen, SD

Busy? Have us call you back. Call Me Back

More Information

Exploring Aberdeen, SD From North to South

Thinking about buying a home in Aberdeen? Great idea! You selected an energetic 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 serve 3.8 million customers from coast to coast and have the inside scoop on Aberdeen's housing scene.

Aberdeen is growing by the day, which means Aberdeen homes don't always come cheap. Sustained economic growth and cultural expansion have helped to beckon entrepreneurs, retirees, and new graduates to the Aberdeen area, but so much change also means a strain on housing options, school capacities, and city roads. That said, Aberdeen and the surrounding areas still offer an array of homes in price and amenities. You can find townhomes, condos, single-family homes, duplexes, and (hopefully) your dream home! When buying a house in Aberdeen, consider the home's location in relation to your everyday activities. If possible, test drive your route to work, school, and the grocery store. Your house's location will affect everything, from your morning routine to how you spend your evenings. Traveling around Aberdeen will also give you an idea of why homes in west Aberdeen are priced differently than homes in east Aberdeen, where to find Aberdeen's most popular attractions, and what the neighborhoods are like.

Are you financially prepared to buy a house in Aberdeen? 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. It doesn't matter whether you want to buy a home in South Dakota or somewhere else entirely. We help experienced homeowners and first-time homeowners alike. Start with the following steps to help you see if you're in a good financial position to buy a house in Aberdeen.

First, calculate how much house you can afford. This will help determine the price range for your Aberdeen house hunt. Then, add up the potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). No need to have an exact amount. Everyone's situation will differ, but a quick online search for average expenses in Aberdeen will usually point you in the right direction. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Next, consider how much you can contribute to 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). That said, the minimum down payment requirements depend on the type of loan. 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, check your credit. 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 options are always a good thing!

Make Your Move: Buy a Home in Aberdeen, SD

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 feels more rewarding when you get to live in a place like Aberdeen. Contact Mr. Cooper as you look to buy a home in Aberdeen. 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.*

Aberdeen, SD Mr. Cooper Customer Reviews

Read real stories from real Mr. Cooper home buyers and sellers in Aberdeen, SD. Then contact us to see what we can do for you.

Buying or selling a house in Aberdeen? 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.