What to Know Before Buying a Home in Gillette, WY

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Get Familiar with the Lay of the Land in Gillette, WY

Thinking about buying a home in Gillette? Congratulations! You picked a colorful city with an ideal amount of parks, businesses, and educational opportunities, and we're here to help make your home purchase and move a little easier. We support 3.8 million customers from coast to coast and are familiar with the ins-and-outs of the Gillette housing market.

Given all of Wyoming's growth, Gillette homes aren't always easy to find at a comfortable price. Ongoing cultural expansion and economic growth have helped to beckon young families, new businesses, and retirees to the Gillette area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Despite this, Gillette 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 looking to buy a house in Gillette, consider how near or far away the home is from the places you visit most. If you can, drive the route you'd take from the house to your school, office, and favorite hangout spot. The location of your house will impact virtually every part of your life. Exploring Gillette will also help you get a feel for how homes in east Gillette differ from west Gillette, what the communities are like, and where to find Gillette's coolest attractions.

You're ready to buy a house in Gillette, 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 try our best to make the journey easier and more rewarding. You don't even have to stick with your decision to buy a house in Gillette. We help first-time homeowners and experienced homeowners alike. Read through the following steps to help you determine if you're financially ready to buy a home in Gillette.

First, calculate how much house you can afford. This will help you narrow your search when house hunting in Gillette. After that, add up the potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). You don't need an exact amount for these expenses. Searching the web for Gillette 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, figure out what a realistic down payment would be for you. A down payment of at least 20% can help improve your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). Even so, 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 will give you an idea of how much you might qualify to borrow. Also, check 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 who doesn't want more choices in life?

Make Your Move: Buy a Home in Gillette, WY

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 Gillette. Contact Mr. Cooper as you prepare to buy a house in Gillette. We're here for you every step of 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.*

Mr. Cooper Customer Reviews for Gillette, WY

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