What to Know Before Buying a Home in Lees Summit, MO

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Exploring Lees Summit, MO From North to South

Thinking about buying a home in Lees Summit? Awesome! You picked a vibrant city with a dynamic selection of businesses, schools, restaurants and parks, and we're here to help make your house hunt, purchase, and move more streamlined. We support 3.8 million customers nationwide and are familiar with the ins-and-outs of the Lees Summit housing market.

Lees Summit is growing by the day, which means Lees Summit homes don't always come cheap. Sustained economic growth and cultural expansion have helped to entice retirees, new businesses, and young families to the Lees Summit area, but so much change also means a strain on housing options, school capacities, and city roads. Despite this, Lees Summit and its nearby areas still offer an array of home types and prices. You can find duplexes, single-family homes, townhomes, condos, and (ideally) your dream home! When buying a home in Lees Summit, consider how near or far away the home is from the places you visit most. If possible, drive the route you'd take from the house to your school, office, and favorite hangout spot. Your home's location will influence almost every aspect of your life. Exploring Lees Summit will also help you get a feel for how homes in east Lees Summit differ from west Lees Summit, what the communities are like, and where to find Lees Summit's coolest attractions.

You're ready to buy a house in Lees Summit, 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 could choose to buy a home in Missouri or elsewhere. We help new and experienced 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 Lees Summit.

First, calculate how much house you can afford. This will help you set a price range while house shopping in Lees Summit. Next, add up the potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). You don't need an exact amount for these expenses. Searching the web for Lees Summit averages will usually give you a solid estimate, though everyone's situation is different. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Now, look at how much money you can put toward a down payment. Placing a minimum of 20% down can boost 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. Credit history is an important part of your mortgage application. You may be presented with more mortgage options if you have healthy credit— and who doesn't want more choices in life?

It's Go Time! Buy a House in Lees Summit, MO

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But moving can also be incredibly rewarding, especially when you get to live in an amazing city like Lees Summit. Contact Mr. Cooper as you look to buy a home in Lees Summit. We're here for you from start to finish 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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