All About Buying a House in Brookings, SD

Busy? Have us call you back. Call Me Back

More Information

Understanding the Brookings, SD Housing Landscape

Strongly considering a home purchase in Brookings? Awesome! You picked a colorful city with an ideal amount of parks, businesses, and educational opportunities, and we're here to help the home purchase process go a little smoother. We serve 3.8 million customers from coast to coast and are familiar with the ins-and-outs of the Brookings housing market.

Given all of South Dakota's growth, Brookings homes aren't always easy to find at a comfortable price. Continued economic growth and cultural expansion have helped to attract entrepreneurs, retirees, and new graduates to the Brookings area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Despite this, Brookings and the surrounding areas still offer a wide range of home types and prices. You can find single-family homes, condos, townhomes, and (hopefully) your dream house! When buying a home in Brookings, consider how near or far away the home is from the places you visit most. If possible, 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 Brookings will help you see how the northern part differs from the southern part, where to find Brookings's most popular attractions, and what the neighborhoods are like.

Are you financially prepared to buy a house in Brookings? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We believe in keeping the dream of homeownership alive and try our best to make the journey easier and more rewarding. It doesn't matter whether you want to buy a home in South Dakota or somewhere else entirely. We support new and experienced 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 Brookings.

Before anything else, calculate how much house you can afford. This will help you narrow your search when house hunting in Brookings. Next, add up the potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). It's okay if these numbers are educated guesses. While everyone's situation is different, an online search for Brookings averages will usually give you some solid estimates. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Next, look at how much money you can put toward a down payment. Putting at least 20% down will boost your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). That said, the minimum down payment requirements depend on the type of loan. This is where getting prequalified for a mortgage comes in handy. Getting prequalified will give you an idea of how much you might qualify to borrow. Also, consider your credit profile. Lenders place a high importance on credit history when looking at your mortgage application. The better your credit is, the more mortgage options you may be presented with— and more options are always good!

Make Your Move: Buy a Home in Brookings, SD

Moving remains one of the biggest stressors, despite being a practically universal experience. But when you get to live in a stellar city like Brookings, moving doesn't seem so challenging. Contact Mr. Cooper as you prepare to buy a house in Brookings. We're here to help you along the way and Mr. Cooper® Real Estate Rewards can even connect you with a top-performing real estate agent who can potentially save you thousands.*

Mr. Cooper Reviews from Real Customers in Brookings, SD

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

Make buying or selling a Brookings home easier.

Put Mr. Cooper in your corner for a better home buying or selling experience.