The Process of Buying a Home in River Falls, WI

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Get Familiar with the Lay of the Land in River Falls, WI

Ready to lay down some roots and buy a house in River Falls? Smart move! You picked an energetic city with a dynamic selection of businesses, schools, restaurants and parks, and we're here to help make your home purchase and move a little easier. We support 3.8 million customers across the country and know the River Falls housing market well.

Given all of Wisconsin's growth, River Falls homes aren't always easy to find at a comfortable price. Sustained economic growth and cultural expansion have helped to entice retirees, new businesses, and young families to the River Falls area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. That said, River Falls and its neighboring areas still offer a variety of home styles and prices. You can find single-family homes, condos, townhomes, and (ideally) your dream home! When buying a home in River Falls, consider the home's location in relation to your everyday activities. If possible, test drive your trip from the house to work, school, and the grocery store. Your house's location will affect everything, from your morning routine to how you spend your evenings. Discovering different parts of River Falls will help you see how the northern part differs from the southern part, what the neighborhoods are like, and where to find River Falls's hottest attractions.

You're ready to buy a house in River Falls, but is your bank account? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We believe in keeping the dream of homeownership alive and work to make every stage of the journey more enjoyable and less worrisome. It doesn't matter whether you want to buy a home in Wisconsin or somewhere else entirely. We help first-time homeowners and experienced homeowners alike. Start with the following steps to help you determine if you're financially ready to buy a home in River Falls.

Before anything else, calculate how much house you can afford. This will help you set a price range while house shopping in River Falls. After that, jot down your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). You don't need an exact amount for these expenses. While everyone's situation is different, an online search for River Falls averages will usually give you some solid estimates. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Then, figure out what a realistic down payment would be for you. Placing a minimum of 20% down can improve your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). That said, the required down payment will depend on the type of loan you get. This is where getting prequalified for a mortgage comes in handy. Getting prequalified helps you know how much you might be eligible to borrow from a lender. Also, take a good look at 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 options are always a good thing!

It's Go Time! Buy a House in River Falls, WI

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 moving feels more rewarding when you get to live in a place like River Falls. Contact Mr. Cooper as you prepare to buy a house in River Falls. We're here to help you along the way and Mr. Cooper® Real Estate Rewards can even put you in touch with a vetted real estate agent who can potentially help you save thousands of dollars.*

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Simplify the home buying or selling process in River Falls 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.