Steps to Buy a Home in Maple Valley, WA
Help make sure your home isn't a source of financial stress. A great way to make that happen is to be financially prepared for your home purchase before you set foot in an open house. Know when it might be better to wait until your situation improves and when you're in a financially strong enough position to buy a home in Maple Valley. Get started with the following steps and call a Mr. Cooper Mortgage Professional to streamline the process.
Take a look at your finances—the whole landscape. What are your general thoughts about your current monthly expenses, credit history, and savings? A quick check-in with yourself can get you on the right path. The best way to start your Maple Valley home buying journey is with confidence, a strong credit history, enough savings for a down payment, and a good handle on your current expenses.
Now, let's "put pencil to paper," as they say. See where your budget stands with Mr. Cooper's affordability calculator. How's it looking? You can get an idea of how much house you can buy in Maple Valley based on income or your desired maximum monthly mortgage payment. Will this number get you into the Maple Valley home or neighborhood you've had your eye on? If not, think about buying a house in a surrounding area or boosting your down payment. If it will, then take the next step in the homeownership journey with Mr. Cooper!
It's the right time to get pre-approved for a house in Maple Valley. 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'd like to buy a home in Maple Valley, the property type, how you anticipate using the property, and whether you're currently working with a real estate professional. Enter your expected purchase price and down payment. Share a couple more personal details and you're almost pre-approved The process is simple and your pre-approval lasts 120 days.
Don't forget to budget your time when doing the math on how you can buy a house in Maple Valley. Your time is one resource that's non-refundable and non-renewable, and finding your perfect house can be time-consuming, especially in Maple Valley. Join forces with a real estate agent in Maple Valley who does the bulk of the work for you.
The last step in preparing your finances to buy a house in Maple Valley is to apply for a home loan. You're almost at the finish line! Work 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 are home buying experts who will work their hardest to present you with the best loan options possible.
"Home" has never mattered more than it does right now. Get your finances ready to buy a home in Maple Valley and give us a call. Let's get you started on your path to homeownership!