Get Familiar with the Lay of the Land in Hurricane, UT
Thinking about buying a home in Hurricane? Congratulations! You've chosen a lively city with an ideal amount of educational opportunities, businesses, and parks, 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 Hurricane housing market well.
Hurricane'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 attract young families, new businesses, and retirees to the Hurricane area, but so much change also means a strain on housing options, school capacities, and city roads. Despite this, Hurricane and its nearby areas still offer an array of home types and prices. You can find duplexes, single-family homes, townhomes, condos, and (ideally) your perfect home! When buying a house in Hurricane, 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. Discovering different parts of Hurricane will help you see how the northern part differs from the southern part, what the neighborhoods are like, and where to find Hurricane's hottest attractions.
You're ready to buy a house in Hurricane, but is your bank account? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We believe everyone can find their dream home 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 Hurricane. We work with new and experienced homeowners alike. Read through the following steps to help you determine if you're financially ready to buy a home in Hurricane.
Before anything else, estimate how much house you can afford. This will help you set a price range while house shopping in Hurricane. After that, map out your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). No need to have an exact amount. Searching the web for Hurricane 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.
Now, look at how much money you can put toward a down payment. A down payment of at least 20% can help increase 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. At this stage, getting prequalified for a loan can be extremely helpful. Getting prequalified helps you know how much you might be eligible to borrow from a lender. Also, take a good look at 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 options are always a good thing!
It's Go Time! Buy a House in Hurricane, UT
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 Hurricane. Contact Mr. Cooper as you prepare to buy a house in Hurricane.