What to Know Before Buying a Home in Affton, MO

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Understanding the Affton, MO Housing Landscape

Thinking about buying a home in Affton? Congratulations! You picked a vibrant city with a great balance of parks, businesses, and educational opportunities, and we're here to help make your house hunt, purchase, and move more streamlined. We serve 3.8 million customers across the country and are familiar with the ins-and-outs of the Affton housing market.

Affton is growing by the day, which means Affton homes don't always come cheap. Ongoing cultural expansion and economic growth have helped to attract retirees, new businesses, and young families to the Affton area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Even so, Affton and its neighboring areas still offer a wide range of homes in price and amenities. You can find duplexes, single-family homes, townhomes, condos, and (fingers-crossed) your perfect home! When buying a home in Affton, double check that you're factoring in the home's distance from your daily activities. 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. Traveling around Affton will also give you an idea of why homes in west Affton are priced differently than homes in east Affton, where to find Affton's most popular attractions, and what the neighborhoods are like.

Are you financially prepared to buy a house in Affton? 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 Affton. We help experienced homeowners and first-time homeowners alike. Start with the following steps to help you see if you're in a good financial position to buy a house in Affton.

First, calculate how much house you can afford. This will help you set a price range while house shopping in Affton. 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. Searching the web for Affton averages will usually give you a solid estimate, though everyone's situation is different. Keep in mind that a mortgage payment could make up the majority of most homeowners’ monthly household expenses.

Then, figure out what a realistic down payment would be for you. Putting at least 20% down will boost your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). However, the required down payment will depend on the type of loan you get. Here's where it can help to get prequalified for a mortgage. Prequalification points you in the right direction as far as how much you may be eligible to borrow. Also, take a good look at your credit. Credit history is one of the main factors that lenders look at when considering your mortgage application. The healthier your credit is, the more mortgage options you may have open to you— and who doesn't want more choices in life?

Move Up and Out: Buying Your Dream House in Affton, MO

Moving remains one of the biggest stressors, despite being a practically universal experience. But when you get to live in a stellar city like Affton, moving doesn't seem so challenging. Contact Mr. Cooper as you look to buy a home in Affton. We're here for you every step of the way and Mr. Cooper® Real Estate Rewards can even connect you with a top-performing real estate agent who can potentially save you thousands.*

Affton, MO Mr. Cooper Customer Reviews

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

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