Your Step-by-Step Guide to Buy a House in Fort Lewis, WA
You want your home to be a haven of happiness, not a financial burden. A good way to make that happen is to be financially prepared for your home purchase before you set foot in an open house. Be honest with yourself to determine if you can buy a house in Fort Lewis, or if you should hold off until your situation is different. Start the process with the following steps and contact a Mr. Cooper Mortgage Professional to discuss strategy.
Examine your finances. Look at the whole picture. What are your general thoughts about your savings, current debt, monthly expenses, and credit history? A little "gut check" can go a long way. The best way to begin your Fort Lewis home buying journey is with adequate savings for a down payment, a strong credit history, and a good grasp on your everyday expenses.
Now, let's play with some real numbers. Plug in some numbers to Mr. Cooper's affordability calculator and see where you (and your budget) stand. You can get an idea of how much house you can buy in Fort Lewis based on income or your desired maximum monthly mortgage payment. Will this number get you into the Fort Lewis home or neighborhood you've had your eye on? If it's not, think about buying a house in a surrounding area or boosting your down payment. If it will, then move on to your next step. Call Mr. Cooper!
You're ready to get pre-approved for a house in Fort Lewis. Pre-approval is a more formal estimate of how much of a home loan you could get approved for. It's calculated based on a credit check and a couple of financial details you provide. Pre-approval is also an opportunity to learn more about your various mortgage options and determine which one is right for you. Get started using Mr. Cooper’s online pre-approval tool. Let us know where you’re looking to buy a home in Fort Lewis, the type of property you’d like to buy, how you plan on using the property, and if you’re currently working with a real estate agent. Enter your expected down payment and purchase price. Provide a few more personal details and you’re on your way to getting pre-approved. It's a simple process and pre-approval lasts 120 days.
When crunching the numbers on how you'll buy a home in Fort Lewis, factor in your time, too. Time is non-renewable and non-refundable, and discovering your perfect Fort Lewis home can really eat up the hours. Partner with a real estate agent in Fort Lewis who does the bulk of the work for you.
Applying for a home loan is the final step in getting your finances ready for a home purchase. Can you see the finish line? Partner with a home loan servicer like Mr. Cooper, and you'll gain the distinct advantage of one-on-one support all along the way—from loan to closing. Call Mr. Cooper Mortgage Professionals. They know the details of buying a home, inside and out, and will work to find the loan that fits you best.
"Home" has never mattered more than it does right now. Get your finances ready to buy a home in Fort Lewis and give us a call. Let's get you started on your path to homeownership!