Exploring Bellevue, WA From North to South
Ready to lay down some roots and buy a house in Bellevue? Awesome! You've chosen an energetic city with a dynamic selection of businesses, schools, restaurants and parks, and we're here to help the home purchase process go a little smoother. We support 3.8 million customers nationwide and have the inside scoop on Bellevue's housing scene.
Bellevue'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 Bellevue area, but so much change also means a strain on housing options, school capacities, and city roads. Despite this, Bellevue and its nearby areas still offer a variety of home styles and prices. You can find townhomes, condos, single-family homes, duplexes, and (hopefully) your dream house! When buying a house in Bellevue, consider the home's location in relation to your everyday activities. 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. Exploring Bellevue will also help you get a feel for how homes in east Bellevue differ from west Bellevue, what the communities are like, and where to find Bellevue's coolest attractions.
You're ready to buy a house in Bellevue, but is your bank account? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We believe everyone can find their dream home 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 Washington or somewhere else entirely. We work with 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 Bellevue.
First, calculate how much house you can buy. This will help you narrow your search when house hunting in Bellevue. Then, 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. While everyone's situation is different, an online search for Bellevue averages will usually give you some solid estimates. Keep in mind that a mortgage payment could make up the majority of most homeowners’ monthly household expenses.
Now, look at how much money you can put toward a down payment. Placing a minimum of 20% down can increase your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). Even so, the minimum down payment requirements depend on the type of loan. Here's where it can help to get pre-approved for a mortgage. Getting pre-approved 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. The better your credit is, the more mortgage options you may be presented with— and who doesn't want more choices in life?
Move Up and Out: Buying Your Dream House in Bellevue, WA
Moving remains one of the biggest stressors, despite being a practically universal experience. But moving can also be incredibly rewarding, especially when you get to live in an amazing city like Bellevue. Contact Mr. Cooper as you prepare to buy a house in Bellevue.