What to Know Before Buying a Home in Laramie, WY

Busy? Have us call you back. Call Me Back

More Information

Exploring Laramie, WY From North to South

Ready to lay down some roots and buy a house in Laramie? Congratulations! You picked a vibrant city with a dynamic selection of educational opportunities, businesses, 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 Laramie's housing scene.

Given all of Wyoming's growth, Laramie homes aren't always easy to find at a comfortable price. Sustained cultural expansion and economic growth have helped to attract entrepreneurs, retirees, and new graduates to the Laramie area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Even so, Laramie and its neighboring areas still offer an array of homes in price and amenities. You can find single-family homes, condos, townhomes, and (ideally) your dream home! When buying a house in Laramie, consider how near or far away the home is from the places you visit most. If you can, test drive your route to work, school, and the grocery store. Your house's location will affect everything, from your morning routine to how you spend your evenings. Exploring Laramie will also help you get a feel for how homes in east Laramie differ from west Laramie, where to find Laramie's most popular attractions, and what the neighborhoods are like.

Are you financially prepared to buy a house in Laramie? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We think the dream of homeownership should never fade 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 Laramie. 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 Laramie.

Before anything else, estimate how much house you can afford. This will help determine the price range for your Laramie house hunt. After that, add up the potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). It's okay if these numbers are educated guesses. Everyone's situation will differ, but a quick online search for average expenses in Laramie will usually point you in the right direction. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Then, figure out what a realistic down payment would be for you. Placing a minimum of 20% down can 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. At this stage, getting prequalified for a loan can be extremely helpful. Getting prequalified will give you an idea of how much you might qualify to borrow. Also, consider your credit profile. Lenders place a high importance on credit history when looking at your mortgage application. The healthier your credit is, the more mortgage options you may have open to you— and more options are always good!

It's Go Time! Buy a House in Laramie, 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 can also be incredibly rewarding, especially when you get to live in an amazing city like Laramie. Contact Mr. Cooper as you prepare to buy a house in Laramie. We're here for you every step of the way and Mr. Cooper® Real Estate Rewards can even connect you with a high-performing real estate agent who may be able to help you save thousands.*

Mr. Cooper Reviews from Real Customers in Laramie, WY

Take it from these Mr. Cooper home buyers and sellers in Laramie, WY: We love helping homeowners. Call now to see how we can serve you.

Simplify the home buying or selling process in Laramie 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.