What to Know Before Buying a Home in Bainbridge Island, WA

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Exploring Bainbridge Island, WA From North to South

Strongly considering a home purchase in Bainbridge Island? Smart move! You've chosen a vibrant city with an ideal amount of businesses, schools, restaurants and parks, and we're here to help make your house hunt, purchase, and move more streamlined. We service 3.8 million customers nationwide and know the Bainbridge Island housing market well.

Bainbridge Island'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 economic growth and cultural expansion have helped to beckon young families, new businesses, and retirees to the Bainbridge Island area, but so much change also means a strain on housing options, school capacities, and city roads. Even so, Bainbridge Island and its neighboring areas still offer a variety of home types and prices. You can find single-family homes, condos, townhomes, and (hopefully) your dream home! When buying a house in Bainbridge Island, 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. Your home's location will influence almost every aspect of your life. Exploring Bainbridge Island will also help you get a feel for how homes in east Bainbridge Island differ from west Bainbridge Island, what the communities are like, and where to find Bainbridge Island's coolest attractions.

Are you financially prepared to buy a house in Bainbridge Island? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We believe in keeping the dream of homeownership alive and try our best to make the journey easier and more rewarding. It doesn't matter whether you want to buy a home in Washington or somewhere else entirely. We serve first-time homeowners and experienced homeowners alike. Start with the following steps to help you determine if you're financially ready to buy a home in Bainbridge Island.

First, estimate how much house you can afford. This will help determine the price range for your Bainbridge Island house hunt. Then, map out your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). You don't need an exact amount for these expenses. Everyone's situation will differ, but a quick online search for average expenses in Bainbridge Island will usually point you in the right direction. Keep in mind that a mortgage payment could make up the majority of most homeowners’ monthly household expenses.

Next, consider how much you can contribute to a down payment. A down payment of at least 20% can help boost your chances of getting a great 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 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 more options are always good!

It's Go Time! Buy a House in Bainbridge Island, WA

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 feels more rewarding when you get to live in a place like Bainbridge Island. Contact Mr. Cooper as you look to buy a home in Bainbridge Island. 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.*

Bainbridge Island, WA Mr. Cooper Customer Reviews

Take it from these Mr. Cooper home buyers and sellers in Bainbridge Island, WA: We love helping homeowners. Call now to see how we can serve you.

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