What to Know Before Buying a Home in Stevens Point, WI

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Get Familiar with the Lay of the Land in Stevens Point, WI

Thinking about buying a home in Stevens Point? Congratulations! You picked a lively city with an ideal amount of educational opportunities, businesses, and parks, and we're here to help the home purchase process go a little smoother. We support 3.8 million customers from coast to coast and are familiar with the ins-and-outs of the Stevens Point housing market.

Stevens Point is growing by the day, which means Stevens Point homes don't always come cheap. Ongoing economic growth and cultural expansion have helped to beckon retirees, new businesses, and young families to the Stevens Point area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Even so, Stevens Point and the surrounding areas still offer a variety of homes in price and amenities. You can find townhomes, condos, single-family homes, duplexes, and (ideally) your dream house! When looking to buy a house in Stevens Point, consider how near or far away the home is from the places you visit most. If you can, 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. Traveling around Stevens Point will also give you an idea of why homes in west Stevens Point are priced differently than homes in east Stevens Point, what the neighborhoods are like, and where to find Stevens Point's hottest attractions.

Are you financially prepared to buy a house in Stevens Point? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We think the dream of homeownership should never fade and work to make the journey less worrisome and more rewarding every step of the way. You don't even have to stick with your decision to buy a house in Stevens Point. We work with new 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 Stevens Point.

First, estimate how much house you can afford. This will help determine the price range for your Stevens Point house hunt. 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. Searching the web for Stevens Point averages will usually give you a solid estimate, though everyone's situation is different. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Next, consider how much you can contribute to a down payment. A down payment of at least 20% can help increase your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). That said, down payment requirements can differ depending on the loan type. This is where getting prequalified for a mortgage comes in handy. Prequalification points you in the right direction as far as how much you may be eligible to borrow. Also, consider your credit profile. Credit history is an important part of your mortgage application. You may be presented with more mortgage options if you have healthy credit— and more options are always good!

Move Up and Out: Buying Your Dream House in Stevens Point, 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 Stevens Point. Contact Mr. Cooper as you look to buy a home in Stevens Point. We're here for you from start to finish and Mr. Cooper® Real Estate Rewards can even connect you with a top-performing real estate agent who can potentially save you thousands.*

Mr. Cooper Reviews from Real Customers in Stevens Point, WI

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