The Process of Buying a Home in Kansas City, MO

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Exploring Kansas City, MO From North to South

Thinking about buying a home in Kansas City? Smart move! You've chosen 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 serve 3.8 million customers across the country and are familiar with the ins-and-outs of the Kansas City housing market.

Kansas City's amazing growth has made it a great place to live. But on the flip side, the growth has also led to a shortage of cheaper homes. Sustained economic growth and cultural expansion have helped to beckon young families, new businesses, and retirees to the Kansas City area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Despite this, Kansas City and the surrounding 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 looking to buy a house in Kansas City, double check that you're factoring in the home's distance from your daily activities. If possible, test drive your route to work, school, and the grocery store. The location of your house will impact virtually every part of your life. Discovering different parts of Kansas City will help you see how the northern part differs from the southern part, what the neighborhoods are like, and where to find Kansas City's hottest attractions.

Are your finances in the right place to buy a home in Kansas City? 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. It doesn't matter whether you want to buy a home in Missouri or somewhere else entirely. We help new and experienced homeowners alike. Walk through the following steps to help you determine if you're financially ready to buy a home in Kansas City.

First, calculate how much house you can afford. This will help determine the price range for your Kansas City house hunt. After that, map out your potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). You don't need an exact amount for these expenses. While everyone's situation is different, an online search for Kansas City averages will usually give you some solid estimates. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Now, consider how much you can contribute to a down payment. Placing a minimum of 20% down can increase your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). That said, down payment requirements can differ depending on the loan type. At this stage, getting prequalified for a loan can be extremely helpful. Getting prequalified helps you know how much you might be eligible to borrow from a lender. 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 options are always a good thing!

It's Go Time! Buy a House in Kansas City, 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 Kansas City, moving doesn't seem so challenging. Contact Mr. Cooper as you prepare to buy a house in Kansas City. 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.*

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