The Process of Buying a Home in Galveston, TX

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Get Familiar with the Lay of the Land in Galveston, TX

Thinking about buying a home in Galveston? Congratulations! You picked an energetic city with an ideal amount of businesses, schools, restaurants and parks, and we're here to help the home purchase process go a little smoother. We service 3.8 million customers nationwide and have the inside scoop on Galveston's housing scene.

Galveston is growing by the day, which means Galveston homes don't always come cheap. Ongoing support for local businesses and cultural growth have helped to beckon entrepreneurs, retirees, and new graduates to the Galveston area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Even so, Galveston and the surrounding areas still offer a wide range of home styles and prices. You can find single-family homes, condos, townhomes, and (hopefully) your perfect home! When buying a house in Galveston, 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 home's location will influence almost every aspect of your life. Exploring Galveston will also help you get a feel for how homes in east Galveston differ from west Galveston, what the neighborhoods are like, and where to find Galveston's hottest attractions.

Are you financially prepared to buy a house in Galveston? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We think the dream of homeownership should never fade and work to make the journey less worrisome and more rewarding every step of the way. You could choose to buy a home in Texas 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 Galveston.

First, estimate how much house you can afford. This will help you set a price range while house shopping in Galveston. Then, map out your potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). No need to have an exact amount. Searching the web for Galveston averages will usually give you a solid estimate, though everyone's situation is different. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Next, figure out what a realistic down payment would be for you. 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). Even so, the required down payment will depend on the type of loan you get. This is where getting prequalified for a mortgage comes in handy. Prequalification points you in the right direction as far as how much you may be eligible to borrow. Also, check your credit. 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 options are always a good thing!

Make Your Move: Buy a Home in Galveston, TX

Moving remains one of the biggest stressors, despite being a practically universal experience. But moving can also be incredibly rewarding, especially when you get to live in an amazing city like Galveston. Contact Mr. Cooper as you prepare to buy a house in Galveston. We're here for you every step of the way and Mr. Cooper® Real Estate Rewards can even connect you with a high-performing real estate agent who may be able to help you save thousands.*

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