The Process of Buying a Home in Katy, TX

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Understanding the Katy, TX Housing Landscape

Strongly considering a home purchase in Katy? Great idea! You've chosen a colorful city with a dynamic selection of businesses, schools, restaurants and parks, and we're here to help make your home purchase and move a little easier. We service 3.8 million customers nationwide and are familiar with the ins-and-outs of the Katy housing market.

Katy is growing by the day, which means Katy homes don't always come cheap. Continued cultural expansion and economic growth have helped to entice entrepreneurs, retirees, and new graduates to the Katy area, but so much change also means more traffic, more competition, and a need for more schools. That said, Katy and its nearby areas still offer an array of home types and prices. You can find townhomes, condos, single-family homes, duplexes, and (hopefully) your dream home! When looking to buy a house in Katy, double check that you're factoring in the home's distance from your daily activities. If you can, test drive your trip from the house to work, school, and the grocery store. Your house's location will affect everything, from your morning routine to how you spend your evenings. Traveling around Katy will also give you an idea of why homes in west Katy are priced differently than homes in east Katy, what the neighborhoods are like, and where to find Katy's hottest attractions.

Are you financially prepared to buy a house in Katy? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We think the dream of homeownership should never fade 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 Katy. We work with new and experienced homeowners alike. Start with the following steps to help you see if you're in a good financial position to buy a house in Katy.

Before anything else, estimate how much house you can afford. This will help you set a price range while house shopping in Katy. Next, 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. While everyone's situation is different, an online search for Katy averages will usually give you some solid estimates. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Now, look at how much money you can put toward a down payment. Putting at least 20% down will boost your odds of getting a good 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 will give you an idea of how much you might qualify 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 options are always a good thing!

Move Up and Out: Buying Your Dream House in Katy, 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 Katy. Contact Mr. Cooper as you look to buy a home in Katy. 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.*

Katy, TX Mr. Cooper Customer Reviews

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

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