Exploring Olympia, WA From North to South
Thinking about buying a home in Olympia? Great idea! You picked a vibrant city with a great balance of businesses, schools, restaurants and parks, and we're here to help make your house hunt, purchase, and move more streamlined. We support 3.8 million customers across the country and know the Olympia housing market well.
Given all of Washington's growth, Olympia homes aren't always easy to find at a comfortable price. Continued cultural expansion and economic growth have helped to beckon retirees, new businesses, and young families to the Olympia area, but so much change also means more traffic, more competition, and a need for more schools. Despite this, Olympia and the surrounding areas still offer a variety of home styles and prices. You can find townhomes, condos, single-family homes, duplexes, and (hopefully) your dream home! When buying a home in Olympia, double check that you're factoring in the home's distance from your daily activities. If you can, 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. Exploring Olympia will also help you get a feel for how homes in east Olympia differ from west Olympia, where to find Olympia's most popular attractions, and what the neighborhoods are like.
Are your finances in the right place to buy a home in Olympia? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We believe everyone can find their dream home and work to make the journey less worrisome and more rewarding every step of the way. You could choose to buy a home in Washington or elsewhere. We support new and experienced homeowners alike. Read through the following steps to help you determine if you're financially ready to buy a home in Olympia.
Before anything else, calculate how much house you can buy. This will help you narrow your search when house hunting in Olympia. Then, jot down your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). It's okay if these numbers are educated guesses. Everyone's situation will differ, but a quick online search for average expenses in Olympia will usually point you in the right direction. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.
Next, figure out what a realistic down payment would be for you. Putting at least 20% down will improve your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). However, the minimum down payment requirements depend on the type of loan. This is where getting pre-approved for a mortgage comes in handy. Getting pre-approved 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 more options are always good!
Move Up and Out: Buying Your Dream House in Olympia, WA
Moving remains one of the biggest stressors, despite being a practically universal experience. But moving can also be incredibly rewarding, especially when you get to live in an amazing city like Olympia. Contact Mr. Cooper as you look to buy a home in Olympia.