What to Know Before Buying a Home in Savannah, MO

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

Ready to lay down some roots and buy a house in Savannah? Great idea! You've chosen a lively city with an ideal amount of educational opportunities, businesses, and parks, and we're here to help make your home purchase and move a little easier. We serve 3.8 million customers nationwide and know the Savannah housing market well.

Given all of Missouri's growth, Savannah homes aren't always easy to find at a comfortable price. Ongoing economic growth and cultural expansion have helped to beckon entrepreneurs, retirees, and new graduates to the Savannah area, but so much change also means a strain on housing options, school capacities, and city roads. That said, Savannah 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 (hopefully) your dream house! When buying a home in Savannah, consider the home's location in relation to your everyday activities. If possible, test drive your trip from the house to work, school, and the grocery store. The location of your house will impact virtually every part of your life. Traveling around Savannah will also give you an idea of why homes in west Savannah are priced differently than homes in east Savannah, what the communities are like, and where to find Savannah's coolest attractions.

Are your finances in the right place to buy a home in Savannah? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We believe everyone can find their dream home and try our best to make the journey easier and more rewarding. You could choose to buy a home in Missouri or elsewhere. We serve first-time homeowners and experienced homeowners alike. Start with the following steps to help you determine if you're financially ready to buy a home in Savannah.

Before anything else, calculate how much house you can afford. This will help you set a price range while house shopping in Savannah. Next, jot down your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, 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 Savannah will usually point you in the right direction. Keep in mind that a mortgage payment could make up the majority of most homeowners’ monthly household expenses.

Now, figure out what a realistic down payment would be for you. Placing a minimum of 20% down can boost your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). That said, the required down payment will depend on the type of loan you get. This is where getting prequalified for a mortgage comes in handy. Prequalification points you in the right direction as far as how much you may be eligible to borrow. Also, take a good look at your credit. Lenders place a high importance on credit history when looking at 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?

Move Up and Out: Buying Your Dream House in Savannah, MO

Moving remains one of the biggest stressors, despite being a practically universal experience. But moving feels more rewarding when you get to live in a place like Savannah. Contact Mr. Cooper as you look to buy a home in Savannah. We're here to help you along the way and Mr. Cooper® Real Estate Rewards can even connect you with a top-performing real estate agent who can potentially save you thousands.*

Savannah, MO Mr. Cooper Customer Reviews

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

Buying or selling a house in Savannah? Mr. Cooper makes it easier.

Mr. Cooper works to save buyers and sellers money at every stage of their journey, from real estate commissions to closing costs.