The Process of Buying a Home in Plano, TX

Busy? Have us call you back. Call Me Back

More Information

Understanding the Plano, TX Housing Landscape

Ready to lay down some roots and buy a house in Plano? Smart move! You picked an energetic city with a great balance of businesses, schools, restaurants and parks, and we're here to help make your house hunt, purchase, and move more streamlined. We service 3.8 million customers nationwide and know the Plano housing market well.

Plano's amazing growth has made it a great place to live. But on the flip side, the growth has also led to a shortage of cheaper homes. Sustained support for local businesses and cultural growth have helped to entice young families, new businesses, and retirees to the Plano area, but so much change also means more traffic, more competition, and a need for more schools. That said, Plano and the surrounding areas still offer an array of home types and prices. You can find single-family homes, condos, townhomes, and (ideally) your perfect home! When looking to buy a house in Plano, double check that you're factoring in the home's distance from your daily activities. If possible, test drive your route to work, school, and the grocery store. Your home's location will influence almost every aspect of your life. Traveling around Plano will also give you an idea of why homes in west Plano are priced differently than homes in east Plano, where to find Plano's most popular attractions, and what the neighborhoods are like.

Are your finances in the right place to buy a home in Plano? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We believe in keeping the dream of homeownership alive and try our best to make the journey easier and more rewarding. You don't even have to stick with your decision to buy a house in Plano. We help first-time homeowners and experienced homeowners alike. Walk through the following steps to help you see if you're in a good financial position to buy a house in Plano.

First, estimate how much house you can afford. This will help determine the price range for your Plano house hunt. Next, map out your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). No need to have an exact amount. Everyone's situation will differ, but a quick online search for average expenses in Plano 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, consider how much you can contribute to a down payment. Putting at least 20% down will improve your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). That said, down payment requirements can differ depending on the loan type. At this stage, getting prequalified for a loan can be extremely helpful. 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 who doesn't want more choices in life?

Make Your Move: Buy a Home in Plano, 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 Plano. Contact Mr. Cooper as you get ready to buy a house in Plano. We're here for you from start to finish 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 Customer Reviews for Plano, TX

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

Buying or selling a house in Plano? Mr. Cooper makes it easier.

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