Exploring Blacksburg, VA From North to South
Ready to lay down some roots and buy a house in Blacksburg? Congratulations! You selected a colorful 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 nationwide and have the inside scoop on Blacksburg's housing scene.
Blacksburg'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. Ongoing cultural expansion and economic growth have helped to entice young families, new businesses, and retirees to the Blacksburg area, but so much change also means more traffic, more competition, and a need for more schools. Even so, Blacksburg and the surrounding areas still offer an array of homes in price and amenities. You can find duplexes, single-family homes, townhomes, condos, and (ideally) your perfect home! When looking to buy a house in Blacksburg, consider the home's location in relation to your everyday activities. If you can, drive the route you'd take from the house to your school, office, and favorite hangout spot. Your house's location will affect everything, from your morning routine to how you spend your evenings. Traveling around Blacksburg will also give you an idea of why homes in west Blacksburg are priced differently than homes in east Blacksburg, where to find Blacksburg's most popular attractions, and what the neighborhoods are like.
Are you financially prepared to buy a house in Blacksburg? 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 try our best to make the journey easier and more rewarding. You could choose to buy a home in Virginia or elsewhere. We support new and experienced homeowners alike. Read through the following steps to help you see if you're in a good financial position to buy a house in Blacksburg.
Before anything else, calculate how much house you can afford. This will help you set a price range while house shopping in Blacksburg. Next, add up the potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). You don't need an exact amount for these expenses. Searching the web for Blacksburg averages will usually give you a solid estimate, though everyone's situation is different. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.
Next, figure out what a realistic down payment would be for you. A down payment of at least 20% can help increase your odds of getting a good 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. This is where getting prequalified for a mortgage comes in handy. Getting prequalified will give you an idea of how much you might qualify to borrow. 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 who doesn't want more choices in life?
It's Go Time! Buy a House in Blacksburg, VA
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 can also be incredibly rewarding, especially when you get to live in an amazing city like Blacksburg. Contact Mr. Cooper as you prepare to buy a house in Blacksburg.