All About Buying a House in Lee's Summit, MO

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Get Familiar with the Lay of the Land in Lee's Summit, MO

Thinking about buying a home in Lee's Summit? Congratulations! You selected a lively 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 Lee's Summit housing market.

Given all of Missouri's growth, Lee's Summit homes aren't always easy to find at a comfortable price. Sustained support for local businesses and cultural growth have helped to beckon retirees, new businesses, and young families to the Lee's Summit area, but so much change also means more traffic, more competition, and a need for more schools. Even so, Lee's Summit and the surrounding areas still offer a wide range of home styles and prices. You can find single-family homes, condos, townhomes, and (ideally) your perfect home! When looking to buy a house in Lee's Summit, 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. Your house's location will affect everything, from your morning routine to how you spend your evenings. Exploring Lee's Summit will also help you get a feel for how homes in east Lee's Summit differ from west Lee's Summit, what the communities are like, and where to find Lee's Summit's coolest attractions.

You're ready to buy a house in Lee's Summit, but is your bank account? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. 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 Lee's Summit. We support new and experienced homeowners alike. Start with the following steps to help you see if you're in a good financial position to buy a house in Lee's Summit.

Before anything else, calculate how much house you can afford. This will help you narrow your search when house hunting in Lee's Summit. Then, 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. Everyone's situation will differ, but a quick online search for average expenses in Lee's Summit will usually point you in the right direction. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Next, figure out what a realistic down payment would be for you. A down payment of at least 20% can help improve your chances of getting a great 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. 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, 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 more options are always good!

It's Go Time! Buy a House in Lee's Summit, 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 moving can also be incredibly rewarding, especially when you get to live in an amazing city like Lee's Summit. Contact Mr. Cooper as you get ready to buy a house in Lee's Summit. We're here for you from start to finish 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.*

Mr. Cooper Reviews from Real Customers in Lee's Summit, MO

Read real stories from real Mr. Cooper home buyers and sellers in Lee's Summit, MO. Then contact us to see what we can do for you.

Simplify the home buying or selling process in Lee's Summit 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.