All About Buying a House in St. Matthews, KY

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Get Familiar with the Lay of the Land in St. Matthews, KY

Thinking about buying a home in St. Matthews? Smart move! You picked a colorful city with a dynamic selection of parks, businesses, and educational opportunities, and we're here to help make your house hunt, purchase, and move more streamlined. We support 3.8 million customers from coast to coast and have the inside scoop on St. Matthews's housing scene.

St. Matthews is growing by the day, which means St. Matthews homes don't always come cheap. Continued economic growth and cultural expansion have helped to entice young families, new businesses, and retirees to the St. Matthews area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Despite this, St. Matthews and the surrounding areas still offer a variety of homes in price and amenities. You can find single-family homes, condos, townhomes, and (fingers-crossed) your dream house! When buying a house in St. Matthews, consider the home's location in relation to your everyday activities. If you can, test drive your trip from the house to work, school, and the grocery store. The location of your house will impact virtually every part of your life. Discovering different parts of St. Matthews will help you see how the northern part differs from the southern part, what the neighborhoods are like, and where to find St. Matthews's hottest attractions.

Are your finances in the right place to buy a home in St. Matthews? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We believe in keeping the dream of homeownership alive and work to make every stage of the journey more enjoyable and less worrisome. You don't even have to stick with your decision to buy a house in St. Matthews. We work with experienced homeowners and first-time homeowners alike. Read through the following steps to help you figure out if your finances are in the right place to buy a house in St. Matthews.

First, calculate how much house you can afford. This will help you narrow your search when house hunting in St. Matthews. 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 St. Matthews will usually point you in the right direction. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Then, consider how much you can contribute to a down payment. 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). Even so, the required down payment will depend on the type of loan you get. At this stage, getting prequalified for a loan can be extremely helpful. Prequalification points you in the right direction as far as how much you may be eligible to borrow. Also, check your credit. 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 options are always a good thing!

Make Your Move: Buy a Home in St. Matthews, KY

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 St. Matthews. Contact Mr. Cooper as you get ready to buy a house in St. Matthews. 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.*

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