The Process of Buying a Home in Lake Stevens, WA

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Exploring Lake Stevens, WA From North to South

Strongly considering a home purchase in Lake Stevens? Great idea! You selected a colorful 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 Lake Stevens housing market well.

Lake Stevens is growing by the day, which means Lake Stevens homes don't always come cheap. Ongoing cultural expansion and economic growth have helped to beckon retirees, new businesses, and young families to the Lake Stevens area, but so much change also means more traffic, more competition, and a need for more schools. That said, Lake Stevens and the surrounding areas still offer a variety of home styles and prices. You can find single-family homes, condos, townhomes, and (fingers-crossed) your dream house! When buying a home in Lake Stevens, consider how near or far away the home is from the places you visit most. If you can, drive the route you'd take from the house to your school, office, and favorite hangout spot. The location of your house will impact virtually every part of your life. Traveling around Lake Stevens will also give you an idea of why homes in west Lake Stevens are priced differently than homes in east Lake Stevens, what the communities are like, and where to find Lake Stevens's coolest attractions.

Are your finances in the right place to buy a home in Lake Stevens? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We think the dream of homeownership should never fade 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 help first-time homeowners and experienced homeowners alike. Start with the following steps to help you figure out if your finances are in the right place to buy a house in Lake Stevens.

Before anything else, calculate how much house you can afford. This will help determine the price range for your Lake Stevens house hunt. Then, map out your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). No need to have an exact amount. While everyone's situation is different, an online search for Lake Stevens 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.

Next, figure out what a realistic down payment would be for you. A down payment of at least 20% can help boost your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). However, 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 helps you know how much you might be eligible to borrow from a lender. Also, check your credit. 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!

Move Up and Out: Buying Your Dream House in Lake Stevens, WA

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But moving feels more rewarding when you get to live in a place like Lake Stevens. Contact Mr. Cooper as you look to buy a home in Lake Stevens. We're here for you every step of 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.*

Mr. Cooper Reviews from Real Customers in Lake Stevens, WA

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

Simplify the home buying or selling process in Lake Stevens with Mr. Cooper.

Mr. Cooper works to save buyers and sellers money at every stage of their journey, from real estate commissions to closing costs.