All About Buying a House in Saint Louis, MO

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Understanding the Saint Louis, MO Housing Landscape

Thinking about buying a home in Saint Louis? Smart move! You selected a lively city with an ideal amount of businesses, schools, restaurants and parks, and we're here to help the home purchase process go a little smoother. We service 3.8 million customers from coast to coast and are familiar with the ins-and-outs of the Saint Louis housing market.

Given all of Missouri's growth, Saint Louis homes aren't always easy to find at a comfortable price. Ongoing support for local businesses and cultural growth have helped to entice entrepreneurs, retirees, and new graduates to the Saint Louis area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Even so, Saint Louis and its nearby areas still offer a wide range of home styles and prices. You can find townhomes, condos, single-family homes, duplexes, and (ideally) your dream house! When buying a house in Saint Louis, consider the home's location in relation to your everyday activities. If you can, test drive your trip from the house to work, school, and the grocery store. Your home's location will influence almost every aspect of your life. Exploring Saint Louis will also help you get a feel for how homes in east Saint Louis differ from west Saint Louis, what the neighborhoods are like, and where to find Saint Louis's hottest attractions.

Are you financially prepared to buy a house in Saint Louis? 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 the journey less worrisome and more rewarding every step of the way. You could choose to buy a home in Missouri or elsewhere. We serve experienced homeowners and first-time homeowners alike. Start with the following steps to help you figure out if your finances are in the right place to buy a house in Saint Louis.

First, estimate how much house you can afford. This will help you set a price range while house shopping in Saint Louis. After that, jot down your potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). No need to have an exact amount. Everyone's situation will differ, but a quick online search for average expenses in Saint Louis will usually point you in the right direction. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Next, consider how much you can contribute to a down payment. A down payment of at least 20% can help increase your chances of getting a favorable 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. Here's where it can help to get prequalified for a mortgage. Getting prequalified helps you know how much you might be eligible to borrow from a lender. Also, consider your credit profile. Credit history is an important part of 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 Saint Louis, 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 Saint Louis. Contact Mr. Cooper as you get ready to buy a house in Saint Louis. 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 Customer Reviews for Saint Louis, MO

Take it from these Mr. Cooper home buyers and sellers in Saint Louis, MO: We love helping homeowners. Call now to see how we can serve you.

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