What to Know Before Buying a Home in St. Peters, MO

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Exploring St. Peters, MO From North to South

Ready to lay down some roots and buy a house in St. Peters? Smart move! You selected a colorful city with an ideal amount of parks, businesses, and educational opportunities, and we're here to help make your house hunt, purchase, and move more streamlined. We support 3.8 million customers nationwide and have the inside scoop on St. Peters's housing scene.

St. Peters is growing by the day, which means St. Peters homes don't always come cheap. Continued economic growth and cultural expansion have helped to entice young families, new businesses, and retirees to the St. Peters area, but so much change also means a strain on housing options, school capacities, and city roads. Despite this, St. Peters and the surrounding areas still offer a wide range of home styles and prices. You can find townhomes, condos, single-family homes, duplexes, and (fingers-crossed) your dream home! When buying a home in St. Peters, double check that you're factoring in the home's distance from your daily 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 St. Peters will also help you get a feel for how homes in east St. Peters differ from west St. Peters, what the communities are like, and where to find St. Peters's coolest attractions.

You're ready to buy a house in St. Peters, 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 try our best to make the journey easier and more rewarding. You could choose to buy a home in Missouri or elsewhere. We help experienced homeowners and first-time homeowners alike. Start with the following steps to help you determine if you're financially ready to buy a home in St. Peters.

First, calculate how much house you can afford. This will help you set a price range while house shopping in St. Peters. After that, 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. Searching the web for St. Peters averages will usually give you a solid estimate, though everyone's situation is different. Keep in mind that a mortgage payment could make up the majority of most homeowners’ monthly household expenses.

Next, figure out what a realistic down payment would be for you. Placing a minimum of 20% down can boost your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). Even so, down payment requirements can differ depending on the loan type. 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, consider your credit profile. Credit history is an important part of your mortgage application. The better your credit is, the more mortgage options you may be presented with— and more options are always good!

It's Go Time! Buy a House in St. Peters, 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 St. Peters. Contact Mr. Cooper as you look to buy a home in St. Peters. We're here for you every step of 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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