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The Process of Buying a Home in Charlottesville, VA

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Get Familiar with the Lay of the Land in Charlottesville, VA

Ready to lay down some roots and buy a house in Charlottesville? Great idea! You've chosen a vibrant 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 across the country and know the Charlottesville housing market well.

Charlottesville is growing by the day, which means Charlottesville homes don't always come cheap. Continued cultural expansion and economic growth have helped to beckon entrepreneurs, retirees, and new graduates to the Charlottesville area, but so much change also means a strain on housing options, school capacities, and city roads. That said, Charlottesville and the surrounding areas still offer a variety 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 Charlottesville, 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. Exploring Charlottesville will also help you get a feel for how homes in east Charlottesville differ from west Charlottesville, where to find Charlottesville's most popular attractions, and what the neighborhoods are like.

Are you financially prepared to buy a house in Charlottesville? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We believe everyone can find their dream home and work to make every stage of the journey more enjoyable and less worrisome. You could choose to buy a home in Virginia or elsewhere. We support first-time homeowners and experienced homeowners alike. Walk through the following steps to help you figure out if your finances are in the right place to buy a house in Charlottesville.

Before anything else, estimate how much house you can afford. This will help you narrow your search when house hunting in Charlottesville. After that, add up the potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). It's okay if these numbers are educated guesses. Everyone's situation will differ, but a quick online search for average expenses in Charlottesville will usually point you in the right direction. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Now, look at how much money you can put toward a down payment. A down payment of at least 20% can help boost your odds of getting a good 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. 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 an important part of your mortgage application. The better your credit is, the more mortgage options you may be presented with— and more options are always good!

Move Up and Out: Buying Your Dream House in Charlottesville, 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 Charlottesville. Contact Mr. Cooper as you prepare to buy a house in Charlottesville. 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.*

Mr. Cooper Customer Reviews for Charlottesville, VA

Read real stories from real Mr. Cooper home buyers and sellers in Charlottesville, VA. Then contact us to see what we can do for you.

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