What to Know Before Buying a Home in San Juan, TX

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Understanding the San Juan, TX Housing Landscape

Ready to lay down some roots and buy a house in San Juan? Congratulations! You selected a vibrant 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 service 3.8 million customers from coast to coast and have the inside scoop on San Juan's housing scene.

San Juan'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. Continued economic growth and cultural expansion have helped to entice entrepreneurs, retirees, and new graduates to the San Juan area, but so much change also means a strain on housing options, school capacities, and city roads. Even so, San Juan and its nearby areas still offer an array of home types and prices. You can find duplexes, single-family homes, townhomes, condos, and (fingers-crossed) your perfect home! When looking to buy a house in San Juan, consider how near or far away the home is from the places you visit most. If you can, test drive your route to work, school, and the grocery store. Your home's location will influence almost every aspect of your life. Exploring San Juan will also help you get a feel for how homes in east San Juan differ from west San Juan, what the communities are like, and where to find San Juan's coolest attractions.

Are you financially prepared to buy a house in San Juan? 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 could choose to buy a home in Texas or elsewhere. We support first-time homeowners and experienced homeowners alike. Read through the following steps to help you determine if you're financially ready to buy a home in San Juan.

Before anything else, calculate how much house you can afford. This will help you narrow your search when house hunting in San Juan. Next, jot down your potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). You don't need an exact amount for these expenses. Everyone's situation will differ, but a quick online search for average expenses in San Juan will usually point you in the right direction. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Then, figure out what a realistic down payment would be for you. A down payment of at least 20% can help boost your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). However, the required down payment will depend on the type of loan you get. 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 more options are always good!

Move Up and Out: Buying Your Dream House in San Juan, TX

Moving remains one of the biggest stressors, despite being a practically universal experience. But when you get to live in a stellar city like San Juan, moving doesn't seem so challenging. Contact Mr. Cooper as you get ready to buy a house in San Juan. We're here to help you along the way and Mr. Cooper® Real Estate Rewards can even connect you with a top-performing real estate agent who can potentially save you thousands.*

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