What to Know Before Buying a Home in Canton, SD

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Exploring Canton, SD From North to South

Thinking about buying a home in Canton? 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 have the inside scoop on Canton's housing scene.

Given all of South Dakota's growth, Canton homes aren't always easy to find at a comfortable price. Ongoing cultural expansion and economic growth have helped to beckon young families, new businesses, and retirees to the Canton area, but so much change also means more traffic, more competition, and a need for more schools. Despite this, Canton and its nearby areas still offer a wide range of home types and prices. You can find single-family homes, condos, townhomes, and (ideally) your dream house! When looking to buy a house in Canton, consider how near or far away the home is from the places you visit most. If you can, drive the route you'd take from the house to your school, office, and favorite hangout spot. The location of your house will impact virtually every part of your life. Traveling around Canton will also give you an idea of why homes in west Canton are priced differently than homes in east Canton, where to find Canton's most popular attractions, and what the neighborhoods are like.

You're ready to buy a house in Canton, but is your bank account? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We believe everyone can find their dream home and try our best to make the journey easier and more rewarding. You could choose to buy a home in South Dakota or elsewhere. We serve first-time homeowners and experienced homeowners alike. Read through the following steps to help you see if you're in a good financial position to buy a house in Canton.

First, calculate how much house you can afford. This will help you set a price range while house shopping in Canton. Then, jot down your 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 Canton 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.

Then, look at how much money you can put toward a down payment. A down payment of at least 20% can help increase your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). However, down payment requirements can differ depending on the loan type. Here's where it can help to get prequalified for a mortgage. 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 an important part of your mortgage application. You may be presented with more mortgage options if you have healthy credit— and more options are always good!

Make Your Move: Buy a Home in Canton, 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 Canton, moving doesn't seem so challenging. Contact Mr. Cooper as you get ready to buy a house in Canton. We're here for you every step of 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.*

Mr. Cooper Customer Reviews for Canton, SD

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