Exploring Abingdon, VA From North to South
Strongly considering a home purchase in Abingdon? Awesome! You picked a vibrant city with a dynamic selection 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 Abingdon's housing scene.
Abingdon is growing by the day, which means Abingdon homes don't always come cheap. Sustained support for local businesses and cultural growth have helped to attract entrepreneurs, retirees, and new graduates to the Abingdon area, but so much change also means a strain on housing options, school capacities, and city roads. That said, Abingdon and the surrounding areas still offer an array of homes in price and amenities. You can find duplexes, single-family homes, townhomes, condos, and (fingers-crossed) your dream house! When looking to buy a house in Abingdon, 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. The location of your house will impact virtually every part of your life. Exploring Abingdon will also help you get a feel for how homes in east Abingdon differ from west Abingdon, where to find Abingdon's most popular attractions, and what the neighborhoods are like.
Are your finances in the right place to buy a home in Abingdon? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We think the dream of homeownership should never fade and work to make every stage of the journey more enjoyable and less worrisome. It doesn't matter whether you want to buy a home in Virginia or somewhere else entirely. We work with experienced homeowners and first-time homeowners alike. Start with the following steps to help you figure out if your finances are in the right place to buy a house in Abingdon.
First, estimate how much house you can afford. This will help determine the price range for your Abingdon house hunt. 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 Abingdon 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). However, 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 helps you know how much you might be eligible to borrow from a lender. Also, consider your credit profile. Credit history is one of the main factors that lenders look at when considering your mortgage application. You may be presented with more mortgage options if you have healthy credit— and options are always a good thing!
Make Your Move: Buy a Home in Abingdon, VA
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 Abingdon. Contact Mr. Cooper as you get ready to buy a house in Abingdon.