The Process of Buying a Home in Bothell, WA

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Understanding the Bothell, WA Housing Landscape

Strongly considering a home purchase in Bothell? Awesome! You picked an energetic city with a great balance 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 from coast to coast and know the Bothell housing market well.

Given all of Washington's growth, Bothell homes aren't always easy to find at a comfortable price. Continued support for local businesses and cultural growth have helped to entice retirees, new businesses, and young families to the Bothell area, but so much change also means more traffic, more competition, and a need for more schools. Even so, Bothell and the surrounding areas still offer a variety of home types and prices. You can find townhomes, condos, single-family homes, duplexes, and (fingers-crossed) your dream house! When looking to buy a house in Bothell, consider the home's location in relation to your everyday activities. If possible, test drive your route to work, school, and the grocery store. Your house's location will affect everything, from your morning routine to how you spend your evenings. Exploring Bothell will also help you get a feel for how homes in east Bothell differ from west Bothell, what the communities are like, and where to find Bothell's coolest attractions.

You're ready to buy a house in Bothell, but is your bank account? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. 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 Bothell. We serve new and experienced homeowners alike. Read through the following steps to help you determine if you're financially ready to buy a home in Bothell.

Before anything else, estimate how much house you can afford. This will help you narrow your search when house hunting in Bothell. After that, map out your 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 Bothell 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.

Now, figure out what a realistic down payment would be for you. 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. Getting prequalified will give you an idea of how much you might qualify to borrow. Also, take a good look at your credit. 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 options are always a good thing!

It's Go Time! Buy a House in Bothell, 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 Bothell. Contact Mr. Cooper as you look to buy a home in Bothell. We're here for you from start to finish 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.*

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