Get Familiar with the Lay of the Land in Shelton, WA
Thinking about buying a home in Shelton? Congratulations! You picked a colorful city with a great balance of businesses, schools, restaurants and parks, and we're here to help make your home purchase and move a little easier. We serve 3.8 million customers nationwide and know the Shelton housing market well.
Shelton is growing by the day, which means Shelton homes don't always come cheap. Sustained cultural expansion and economic growth have helped to entice young families, new businesses, and retirees to the Shelton area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Despite this, Shelton and its nearby areas still offer an array of homes in price and amenities. You can find single-family homes, condos, townhomes, and (fingers-crossed) your dream house! When buying a house in Shelton, consider how near or far away the home is from the places you visit most. If possible, test drive your route to work, school, and the grocery store. The location of your house will impact virtually every part of your life. Traveling around Shelton will also give you an idea of why homes in west Shelton are priced differently than homes in east Shelton, where to find Shelton's most popular attractions, and what the neighborhoods are like.
Are you financially prepared to buy a house in Shelton? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We believe everyone can find their dream home and try our best to make the journey easier and more rewarding. You could choose to buy a home in Washington or elsewhere. We help first-time homeowners and experienced homeowners alike. Read through the following steps to help you see if you're in a good financial position to buy a house in Shelton.
Before anything else, calculate how much house you can buy. This will help you narrow your search when house hunting in Shelton. After that, 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 Shelton 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, look at how much money you can put toward a down payment. A down payment of at least 20% can help increase your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). That said, 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 helps you know how much you might be eligible to borrow from a lender. Also, check your credit. Credit history is an important part of 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?
Make Your Move: Buy a Home in Shelton, 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 when you get to live in a stellar city like Shelton, moving doesn't seem so challenging. Contact Mr. Cooper as you look to buy a home in Shelton.