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What to Know Before Buying a Home in Kingstowne, VA

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Understanding the Kingstowne, VA Housing Landscape

Strongly considering a home purchase in Kingstowne? Awesome! You picked a vibrant city with an ideal amount of parks, businesses, and educational opportunities, and we're here to help make your home purchase and move a little easier. We serve 3.8 million customers nationwide and have the inside scoop on Kingstowne's housing scene.

Kingstowne'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. Sustained support for local businesses and cultural growth have helped to attract entrepreneurs, retirees, and new graduates to the Kingstowne area, but so much change also means a strain on housing options, school capacities, and city roads. Despite this, Kingstowne and its neighboring areas still offer a variety of home types and prices. You can find single-family homes, condos, townhomes, and (ideally) your perfect home! When buying a home in Kingstowne, consider the home's location in relation to your everyday activities. If you can, 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 Kingstowne will also help you get a feel for how homes in east Kingstowne differ from west Kingstowne, where to find Kingstowne's most popular attractions, and what the neighborhoods are like.

Are you financially prepared to buy a house in Kingstowne? 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 every stage of the journey more enjoyable and less worrisome. You don't even have to stick with your decision to buy a house in Kingstowne. We support new and experienced homeowners alike. Start with the following steps to help you see if you're in a good financial position to buy a house in Kingstowne.

First, calculate how much house you can afford. This will help you set a price range while house shopping in Kingstowne. After that, map out your potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). You don't need an exact amount for these expenses. Searching the web for Kingstowne averages will usually give you a solid estimate, though everyone's situation is different. Keep in mind that a mortgage payment could make up the majority of most homeowners’ monthly household expenses.

Now, figure out what a realistic down payment would be for you. Putting at least 20% down will increase your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). However, the minimum down payment requirements depend on the type of loan. This is where getting prequalified for a mortgage comes in handy. Getting prequalified helps you know how much you might be eligible to borrow from a lender. Also, check 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 Kingstowne, 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 Kingstowne. Contact Mr. Cooper as you prepare to buy a house in Kingstowne. We're here to help you along the way and Mr. Cooper® Real Estate Rewards can even connect you with a high-performing real estate agent who may be able to help you save thousands.*

Mr. Cooper Reviews from Real Customers in Kingstowne, VA

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

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