Exploring Des Moines, WA From North to South
Thinking about buying a home in Des Moines? Congratulations! You selected an energetic city with a dynamic selection of educational opportunities, businesses, and parks, and we're here to help the home purchase process go a little smoother. We serve 3.8 million customers across the country and know the Des Moines housing market well.
Des Moines'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 support for local businesses and cultural growth have helped to attract entrepreneurs, retirees, and new graduates to the Des Moines area, but so much change also means a strain on housing options, school capacities, and city roads. Despite this, Des Moines and its nearby areas still offer an array of homes in price and amenities. You can find single-family homes, condos, townhomes, and (hopefully) your dream home! When buying a house in Des Moines, consider how near or far away the home is from the places you visit most. If possible, test drive your trip from the house to work, school, and the grocery store. Your home's location will influence almost every aspect of your life. Discovering different parts of Des Moines will help you see how the northern part differs from the southern part, where to find Des Moines's most popular attractions, and what the neighborhoods are like.
Are you financially prepared to buy a house in Des Moines? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. 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 support first-time homeowners and experienced homeowners alike. Read through the following steps to help you determine if you're financially ready to buy a home in Des Moines.
Before anything else, calculate how much house you can buy. This will help you set a price range while house shopping in Des Moines. After that, map out your potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, 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 Des Moines will usually point you in the right direction. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.
Then, figure out what a realistic down payment would be for you. A down payment of at least 20% can help improve your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). However, down payment requirements can differ depending on the loan type. This is where getting pre-approved for a mortgage comes in handy. Getting pre-approved helps you know how much you might be eligible to borrow from a lender. Also, consider your credit profile. Lenders place a high importance on credit history when looking at 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 Des Moines, 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 Des Moines. Contact Mr. Cooper as you get ready to buy a house in Des Moines.