Can You Afford to Buy a House in Hidalgo, TX?

Busy? Have us call you back. Call Me Back

More Information

Steps to Afford to Buy a Home in Hidalgo, TX

Help make sure your home isn't a source of financial stress. One of the best ways to make that happen is to be financially prepared for your home purchase before you set foot in an open house. Know when you can afford to buy a home in Hidalgo, and when it might be better to wait until your situation changes. Start the process with the following steps and call a Mr. Cooper Mortgage Professional to discuss strategy.

Take a look at your finances—the whole landscape. Are you confident about your savings, current debt, monthly expenses, and credit history? A quick reality check goes a long way. The best way to begin your Hidalgo home buying journey is with adequate savings for a down payment, a strong credit history, and a good grasp on your everyday expenses.

Now, let's put some real numbers down. Plug in some numbers to Mr. Cooper's affordability calculator and see where you (and your budget) stand. You can get an idea of how much house you can afford to buy in Hidalgo based on your desired maximum monthly mortgage payment and income. Does this number fit your vision? Is it enough to get you into the Hidalgo home you want? If it's not, think about looking in surrounding areas or increasing your down payment. If it will, then move on to your next step. Call Mr. Cooper!

It's time to prequalify for a home in Hidalgo. Prequalification is a more formal estimate of how much of a home loan you could get approved for. It's calculated based on a credit check and a couple of financial details you provide. Prequalification is also an opportunity to learn more about your various mortgage options and determine which one is right for you. Start with Mr. Cooper’s online prequalification tool. Let us know where you want to buy a house in Hidalgo, the property type, how you're going to use the property, and if you currently have a real estate agent. Enter your expected down payment and purchase price. Share a couple more personal details and you're almost prequalified. It's a simple process and prequalification lasts 120 days.

Don't forget to budget your time when doing the math on how you can afford to buy a house in Hidalgo. Your time is one resource that's non-refundable and non-renewable, and discovering your perfect Hidalgo home can really eat up the hours. Join forces with a real estate agent in Hidalgo who does the bulk of the work for you. With Mr. Cooper® Real Estate Rewards, you can get personal assistance from a high-performing Hidalgo real estate agent and potentially save thousands of dollars.* Try it—there's no strings attached. Estimate how much you may be able to save on closing costs and real estate commissions with Mr. Cooper’s Real Estate Rewards calculator.

The last step in preparing your finances to buy a house in Hidalgo is to apply for a home loan. You're almost at the finish line! Let a home loan servicer like Mr. Cooper guide you in the process and you'll receive one-on-one support throughout the home loan, purchase, and closing process. Call Mr. Cooper Mortgage Professionals. They are home buying experts who will work their hardest to present you with the best loan options possible.

The house of your dreams is waiting for you and your loved ones. Call now and let us help you ready your finances to buy a house in Hidalgo. The path to homeownership is right in front of you!

Mr. Cooper Reviews from Real Customers in Hidalgo, TX

Read actual reviews from actual Mr. Cooper customers in Hidalgo, TX. Then call us to see how we can help you.

Make buying or selling a Hidalgo home easier.

Work with Mr. Cooper and get the support you need to make the home buying or selling process smoother.