What to Know Before Buying a Home in Arlington, TX

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Understanding the Arlington, TX Housing Landscape

Strongly considering a home purchase in Arlington? Awesome! You selected a lively city with a dynamic selection of businesses, schools, restaurants and parks, and we're here to help the home purchase process go a little smoother. We serve 3.8 million customers across the country and are familiar with the ins-and-outs of the Arlington housing market.

Given all of Texas's growth, Arlington homes aren't always easy to find at a comfortable price. Continued economic growth and cultural expansion have helped to entice young families, new businesses, and retirees to the Arlington area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Even so, Arlington and the surrounding areas still offer a wide range of homes in price and amenities. You can find duplexes, single-family homes, townhomes, condos, and (fingers-crossed) your perfect home! When buying a house in Arlington, 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. Exploring Arlington will also help you get a feel for how homes in east Arlington differ from west Arlington, what the neighborhoods are like, and where to find Arlington's hottest attractions.

Are you financially prepared to buy a house in Arlington? 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 work to make every stage of the journey more enjoyable and less worrisome. You don't even have to stick with your decision to buy a house in Arlington. We help new and experienced homeowners alike. Start with the following steps to help you figure out if your finances are in the right place to buy a house in Arlington.

First, calculate how much house you can afford. This will help you set a price range while house shopping in Arlington. Then, 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. Searching the web for Arlington averages will usually give you a solid estimate, though everyone's situation is different. 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. A down payment of at least 20% can help improve 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, consider your credit profile. 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 Arlington, TX

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 Arlington. Contact Mr. Cooper as you prepare to buy a house in Arlington. 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 Reviews from Real Customers in Arlington, TX

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