What to Know Before Buying a Home in Rowlett, TX

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Exploring Rowlett, TX From North to South

Strongly considering a home purchase in Rowlett? Great idea! You selected a vibrant city with a great balance of parks, businesses, and educational opportunities, and we're here to help make your home purchase and move a little easier. We support 3.8 million customers nationwide and have the inside scoop on Rowlett's housing scene.

Rowlett'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. Ongoing cultural expansion and economic growth have helped to attract entrepreneurs, retirees, and new graduates to the Rowlett area, but so much change also means a strain on housing options, school capacities, and city roads. That said, Rowlett and its neighboring areas still offer a variety of home types and prices. You can find single-family homes, condos, townhomes, and (hopefully) your dream house! When looking to buy a house in Rowlett, consider the home's location in relation to your everyday 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. Discovering different parts of Rowlett will help you see how the northern part differs from the southern part, what the neighborhoods are like, and where to find Rowlett's hottest attractions.

Are you financially prepared to buy a house in Rowlett? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We believe in keeping the dream of homeownership alive and try our best to make the journey easier and more rewarding. It doesn't matter whether you want to buy a home in Texas or somewhere else entirely. We support first-time homeowners and experienced homeowners alike. Read through the following steps to help you figure out if your finances are in the right place to buy a house in Rowlett.

First, calculate how much house you can afford. This will help you narrow your search when house hunting in Rowlett. After that, add up the potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). No need to have an exact amount. Searching the web for Rowlett averages will usually give you a solid estimate, though everyone's situation is different. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Then, look at how much money you can put toward a down payment. Placing a minimum of 20% down can improve your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). That said, down payment requirements can differ depending on the loan type. Here's where it can help to get prequalified for a mortgage. Prequalification points you in the right direction as far as how much you may be eligible to borrow. Also, check your credit. Credit history is one of the main factors that lenders look at when considering your mortgage application. The healthier your credit is, the more mortgage options you may have open to you— and who doesn't want more choices in life?

Make Your Move: Buy a Home in Rowlett, TX

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But moving can also be incredibly rewarding, especially when you get to live in an amazing city like Rowlett. Contact Mr. Cooper as you prepare to buy a house in Rowlett. 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 Rowlett, TX

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