What to Know Before Buying a Home in Lufkin, TX

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

Thinking about buying a home in Lufkin? Great idea! You selected a colorful city with an ideal amount of parks, businesses, and educational opportunities, and we're here to help the home purchase process go a little smoother. We support 3.8 million customers across the country and know the Lufkin housing market well.

Lufkin is growing by the day, which means Lufkin homes don't always come cheap. Sustained economic growth and cultural expansion have helped to entice retirees, new businesses, and young families to the Lufkin area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Despite this, Lufkin and its nearby areas still offer a variety of homes in price and amenities. You can find townhomes, condos, single-family homes, duplexes, and (hopefully) your dream home! When buying a home in Lufkin, consider the home's location in relation to your everyday activities. 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. Exploring Lufkin will also help you get a feel for how homes in east Lufkin differ from west Lufkin, what the communities are like, and where to find Lufkin's coolest attractions.

Are your finances in the right place to buy a home in Lufkin? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We believe everyone can find their dream home and work to make the journey less worrisome and more rewarding every step of the way. You don't even have to stick with your decision to buy a house in Lufkin. We help first-time homeowners and experienced homeowners alike. Start with the following steps to help you determine if you're financially ready to buy a home in Lufkin.

Before anything else, estimate how much house you can afford. This will help you narrow your search when house hunting in Lufkin. Next, jot down your potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). No need to have an exact amount. Everyone's situation will differ, but a quick online search for average expenses in Lufkin will usually point you in the right direction. Keep in mind that a mortgage payment could make up the majority of most homeowners’ monthly household expenses.

Next, look at how much money you can put toward a down payment. Putting at least 20% down will improve your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). Even so, the minimum down payment requirements depend on the type of loan. Here's where it can help to get prequalified for a mortgage. Getting prequalified will give you an idea of how much you might qualify 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 Lufkin, TX

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 Lufkin. Contact Mr. Cooper as you prepare to buy a house in Lufkin. We're here for you from start to finish 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.*

Mr. Cooper Customer Reviews for Lufkin, TX

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

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