Get Familiar with the Lay of the Land in Walla Walla, WA
Thinking about buying a home in Walla Walla? Congratulations! You selected a lively 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 serve 3.8 million customers nationwide and have the inside scoop on Walla Walla's housing scene.
Walla Walla's amazing growth has made it a great place to live. But on the flip side, the growth has also led to a shortage of cheaper homes. Continued support for local businesses and cultural growth have helped to entice retirees, new businesses, and young families to the Walla Walla area, but so much change also means more traffic, more competition, and a need for more schools. Despite this, Walla Walla and its neighboring areas still offer a wide range of home types and prices. You can find townhomes, condos, single-family homes, duplexes, and (ideally) your dream home! When looking to buy a house in Walla Walla, consider how near or far away the home is from the places you visit most. If possible, drive the route you'd take from the house to your school, office, and favorite hangout spot. Your house's location will affect everything, from your morning routine to how you spend your evenings. Discovering different parts of Walla Walla will help you see how the northern part differs from the southern part, what the neighborhoods are like, and where to find Walla Walla's hottest attractions.
You're ready to buy a house in Walla Walla, but is your bank account? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We believe everyone can find their dream home 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 serve new and experienced homeowners alike. Start with the following steps to help you determine if you're financially ready to buy a home in Walla Walla.
Before anything else, calculate how much house you can buy. This will help determine the price range for your Walla Walla house hunt. Then, map out your potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). It's okay if these numbers are educated guesses. Everyone's situation will differ, but a quick online search for average expenses in Walla Walla will usually point you in the right direction. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.
Now, figure out what a realistic down payment would be for you. Placing a minimum of 20% down can improve your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). Even so, 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. Lenders place a high importance on credit history when looking at your mortgage application. You may be presented with more mortgage options if you have healthy credit— and options are always a good thing!
Make Your Move: Buy a Home in Walla Walla, WA
While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But when you get to live in a stellar city like Walla Walla, moving doesn't seem so challenging. Contact Mr. Cooper as you get ready to buy a house in Walla Walla.