What to Know Before Buying a Home in Clearfield, UT

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Understanding the Clearfield, UT Housing Landscape

Ready to lay down some roots and buy a house in Clearfield? Awesome! You selected an energetic city with a dynamic selection 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 know the Clearfield housing market well.

Clearfield is growing by the day, which means Clearfield homes don't always come cheap. Ongoing economic growth and cultural expansion have helped to entice retirees, new businesses, and young families to the Clearfield area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. That said, Clearfield and its nearby areas still offer a variety of home styles and prices. You can find single-family homes, condos, townhomes, and (fingers-crossed) your dream home! When looking to buy a house in Clearfield, double check that you're factoring in the home's distance from your daily activities. If possible, test drive your trip from the house to work, school, and the grocery store. Your house's location will affect everything, from your morning routine to how you spend your evenings. Traveling around Clearfield will also give you an idea of why homes in west Clearfield are priced differently than homes in east Clearfield, what the communities are like, and where to find Clearfield's coolest attractions.

You're ready to buy a house in Clearfield, but is your bank account? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We believe in keeping the dream of homeownership alive 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 Clearfield. We support experienced homeowners and first-time 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 Clearfield.

First, estimate how much house you can afford. This will help you set a price range while house shopping in Clearfield. Next, jot down your potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). You don't need an exact amount for these expenses. While everyone's situation is different, an online search for Clearfield 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.

Now, look at how much money you can put toward a down payment. Placing a minimum of 20% down can boost your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). Even so, the required down payment will depend on the type of loan you get. At this stage, getting prequalified for a loan can be extremely helpful. Getting prequalified will give you an idea of how much you might qualify to borrow. Also, take a good look at your credit. Lenders place a high importance on credit history when looking at your mortgage application. You may be presented with more mortgage options if you have healthy credit— and who doesn't want more choices in life?

Make Your Move: Buy a Home in Clearfield, UT

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 Clearfield. Contact Mr. Cooper as you prepare to buy a house in Clearfield. 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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