The Process of Buying a Home in Clayton, MO

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Exploring Clayton, MO From North to South

Ready to lay down some roots and buy a house in Clayton? Great idea! You selected a vibrant city with a dynamic selection 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 across the country and have the inside scoop on Clayton's housing scene.

Clayton is growing by the day, which means Clayton homes don't always come cheap. Ongoing economic growth and cultural expansion have helped to attract entrepreneurs, retirees, and new graduates to the Clayton area, but so much change also means a strain on housing options, school capacities, and city roads. Despite this, Clayton and its nearby areas still offer an array of home styles and prices. You can find duplexes, single-family homes, townhomes, condos, and (ideally) your dream house! When looking to buy a house in Clayton, 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 Clayton will also give you an idea of why homes in west Clayton are priced differently than homes in east Clayton, where to find Clayton's most popular attractions, and what the neighborhoods are like.

You're ready to buy a house in Clayton, but is your bank account? 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 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 Clayton. We work with experienced homeowners and first-time homeowners alike. Start with the following steps to help you determine if you're financially ready to buy a home in Clayton.

First, calculate how much house you can afford. This will help you set a price range while house shopping in Clayton. Then, add up the potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). No need to have an exact amount. Searching the web for Clayton 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.

Then, consider how much you can contribute to a down payment. Putting at least 20% down will increase 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. 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. Lenders place a high importance on credit history when looking at your mortgage application. The better your credit is, the more mortgage options you may be presented with— and who doesn't want more choices in life?

Make Your Move: Buy a Home in Clayton, MO

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 when you get to live in a stellar city like Clayton, moving doesn't seem so challenging. Contact Mr. Cooper as you prepare to buy a house in Clayton. 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.*

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