The Process of Buying a Home in Jackson, TN

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Understanding the Jackson, TN Housing Landscape

Ready to lay down some roots and buy a house in Jackson? Smart move! You selected a colorful city with a dynamic selection of parks, businesses, and educational opportunities, and we're here to help the home purchase process go a little smoother. We service 3.8 million customers from coast to coast and are familiar with the ins-and-outs of the Jackson housing market.

Jackson is growing by the day, which means Jackson homes don't always come cheap. Continued economic growth and cultural expansion have helped to attract young families, new businesses, and retirees to the Jackson area, but so much change also means more traffic, more competition, and a need for more schools. Even so, Jackson and the surrounding areas still offer a variety of home types and prices. You can find duplexes, single-family homes, townhomes, condos, and (ideally) your dream house! When looking to buy a house in Jackson, double check that you're factoring in the home's distance from your daily activities. If possible, drive the route you'd take from the house to your school, office, and favorite hangout spot. Your home's location will influence almost every aspect of your life. Traveling around Jackson will also give you an idea of why homes in west Jackson are priced differently than homes in east Jackson, what the neighborhoods are like, and where to find Jackson's hottest attractions.

Are your finances in the right place to buy a home in Jackson? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. 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 Tennessee or elsewhere. We help 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 Jackson.

First, estimate how much house you can afford. This will help you set a price range while house shopping in Jackson. After that, map out your potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). You don't need an exact amount for these expenses. While everyone's situation is different, an online search for Jackson 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.

Then, look at how much money you can put toward a down payment. Placing a minimum of 20% down can increase your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). Even so, down payment requirements can differ depending on the loan type. 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, take a good look at your credit. Credit history is an important part of 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 Jackson, TN

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 Jackson. Contact Mr. Cooper as you get ready to buy a house in Jackson. We're here for you from start to finish 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 Jackson, TN

Take it from these Mr. Cooper home buyers and sellers in Jackson, TN: We love helping homeowners. Call now to see how we can serve you.

Make buying or selling a Jackson home easier.

Mr. Cooper works to save buyers and sellers money at every stage of their journey, from real estate commissions to closing costs.