All About Buying a House in Missouri, MO

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Get Familiar with the Lay of the Land in Missouri, MO

Thinking about buying a home in Missouri? Great idea! You've chosen an energetic city with an ideal amount of parks, businesses, and educational opportunities, and we're here to help make your home purchase and move a little easier. We service 3.8 million customers nationwide and know the Missouri housing market well.

Missouri is growing by the day, which means Missouri homes don't always come cheap. Ongoing cultural expansion and economic growth have helped to entice young families, new businesses, and retirees to the Missouri area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Despite this, Missouri and the surrounding areas still offer an array of home types and prices. You can find townhomes, condos, single-family homes, duplexes, and (ideally) your dream house! When looking to buy a house in Missouri, 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 house's location will affect everything, from your morning routine to how you spend your evenings. Discovering different parts of Missouri will help you see how the northern part differs from the southern part, what the neighborhoods are like, and where to find Missouri's hottest attractions.

You're ready to buy a house in Missouri, 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 believe in keeping the dream of homeownership alive and try our best to make the journey easier and more rewarding. You could choose to buy a home in Missouri or elsewhere. We help first-time homeowners 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 Missouri.

Before anything else, estimate how much house you can afford. This will help you narrow your search when house hunting in Missouri. Next, jot down your potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). It's okay if these numbers are educated guesses. Searching the web for Missouri 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, 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). That said, down payment requirements can differ depending on the loan type. Here's where it can help to get prequalified for a mortgage. Getting prequalified will give you an idea of how much you might qualify to borrow. Also, consider your credit profile. Credit history is one of the main factors that lenders look at when considering 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 Missouri, 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 feels more rewarding when you get to live in a place like Missouri. Contact Mr. Cooper as you prepare to buy a house in Missouri. We're here to help you along the way 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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Simplify the home buying or selling process in Missouri 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.