Exploring Harrisonburg, VA From North to South
Strongly considering a home purchase in Harrisonburg? Smart move! You picked a vibrant city with an ideal amount of businesses, schools, restaurants and parks, and we're here to help make your home purchase and move a little easier. We serve 3.8 million customers nationwide and are familiar with the ins-and-outs of the Harrisonburg housing market.
Harrisonburg'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 support for local businesses and cultural growth have helped to beckon young families, new businesses, and retirees to the Harrisonburg area, but so much change also means a strain on housing options, school capacities, and city roads. That said, Harrisonburg and the surrounding areas still offer a wide range of home types and prices. You can find single-family homes, condos, townhomes, and (ideally) your dream home! When buying a house in Harrisonburg, consider how near or far away the home is from the places you visit most. If possible, 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 Harrisonburg will also give you an idea of why homes in west Harrisonburg are priced differently than homes in east Harrisonburg, where to find Harrisonburg's most popular attractions, and what the neighborhoods are like.
Are your finances in the right place to buy a home in Harrisonburg? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We think the dream of homeownership should never fade and work to make the journey less worrisome and more rewarding every step of the way. It doesn't matter whether you want to buy a home in Virginia or somewhere else entirely. We support experienced homeowners and first-time homeowners alike. Start with the following steps to help you determine if you're financially ready to buy a home in Harrisonburg.
First, estimate how much house you can afford. This will help you narrow your search when house hunting in Harrisonburg. Next, map out your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). It's okay if these numbers are educated guesses. While everyone's situation is different, an online search for Harrisonburg averages will usually give you some solid estimates. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.
Then, 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 minimum down payment requirements depend on the type of loan. At this stage, getting prequalified for a loan can be extremely helpful. Prequalification points you in the right direction as far as how much you may be eligible to borrow. Also, check your credit. Credit history is one of the main factors that lenders look at when considering your mortgage application. The healthier your credit is, the more mortgage options you may have open to you— and who doesn't want more choices in life?
Move Up and Out: Buying Your Dream House in Harrisonburg, VA
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 Harrisonburg. Contact Mr. Cooper as you look to buy a home in Harrisonburg.