What to Know Before Buying a Home in Sevierville, TN

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Get Familiar with the Lay of the Land in Sevierville, TN

Ready to lay down some roots and buy a house in Sevierville? Congratulations! You selected a lively city with an ideal amount of educational opportunities, businesses, and parks, and we're here to help make your home purchase and move a little easier. We support 3.8 million customers nationwide and have the inside scoop on Sevierville's housing scene.

Sevierville is growing by the day, which means Sevierville homes don't always come cheap. Sustained cultural expansion and economic growth have helped to attract young families, new businesses, and retirees to the Sevierville area, but so much change also means more traffic, more competition, and a need for more schools. Despite this, Sevierville and its nearby areas still offer an array of homes in price and amenities. You can find duplexes, single-family homes, townhomes, condos, and (fingers-crossed) your dream house! When looking to buy a house in Sevierville, 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. Your house's location will affect everything, from your morning routine to how you spend your evenings. Discovering different parts of Sevierville will help you see how the northern part differs from the southern part, what the communities are like, and where to find Sevierville's coolest attractions.

You're ready to buy a house in Sevierville, 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 Tennessee or elsewhere. We work with new and experienced homeowners alike. Walk through the following steps to help you figure out if your finances are in the right place to buy a house in Sevierville.

Before anything else, estimate how much house you can afford. This will help determine the price range for your Sevierville house hunt. Next, add up the potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). You don't need an exact amount for these expenses. Searching the web for Sevierville averages will usually give you a solid estimate, though everyone's situation is different. Keep in mind that a mortgage payment could make up the majority of most homeowners’ monthly household expenses.

Now, figure out what a realistic down payment would be for you. A down payment of at least 20% can help improve your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). That said, down payment requirements can differ depending on the loan type. This is where getting prequalified for a mortgage comes in handy. Getting prequalified helps you know how much you might be eligible to borrow from a lender. Also, check your credit. Lenders place a high importance on credit history when looking at 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 Sevierville, TN

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But moving feels more rewarding when you get to live in a place like Sevierville. Contact Mr. Cooper as you get ready to buy a house in Sevierville. 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.*

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