The Process of Buying a Home in Wichita Falls, TX

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Get Familiar with the Lay of the Land in Wichita Falls, TX

Thinking about buying a home in Wichita Falls? Great idea! You selected a lively city with a great balance 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 Wichita Falls's housing scene.

Wichita Falls is growing by the day, which means Wichita Falls homes don't always come cheap. Ongoing cultural expansion and economic growth have helped to entice retirees, new businesses, and young families to the Wichita Falls area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. That said, Wichita Falls and the surrounding areas still offer a variety of homes in price and amenities. You can find townhomes, condos, single-family homes, duplexes, and (hopefully) your dream house! When buying a house in Wichita Falls, double check that you're factoring in the home's distance from your daily activities. If you can, drive the route you'd take from the house to your school, office, and favorite hangout spot. Your home's location will influence almost every aspect of your life. Traveling around Wichita Falls will also give you an idea of why homes in west Wichita Falls are priced differently than homes in east Wichita Falls, what the neighborhoods are like, and where to find Wichita Falls's hottest attractions.

Are your finances in the right place to buy a home in Wichita Falls? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We think the dream of homeownership should never fade 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 experienced homeowners and first-time homeowners alike. Start with the following steps to help you determine if you're financially ready to buy a home in Wichita Falls.

Before anything else, calculate how much house you can afford. This will help you set a price range while house shopping in Wichita Falls. Then, add up the potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). No need to have an exact amount. While everyone's situation is different, an online search for Wichita Falls averages will usually give you some solid estimates. 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. Placing a minimum of 20% down can improve 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. 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 an important part of your mortgage application. You may be presented with more mortgage options if you have healthy credit— and more options are always good!

Move Up and Out: Buying Your Dream House in Wichita Falls, 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 Wichita Falls. Contact Mr. Cooper as you look to buy a home in Wichita Falls. We're here to help you along the way 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 Wichita Falls, TX

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