The Process of Buying a Home in University City, MO

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Get Familiar with the Lay of the Land in University City, MO

Ready to lay down some roots and buy a house in University City? Congratulations! You picked an energetic city with a dynamic selection of parks, businesses, and educational opportunities, and we're here to help make your house hunt, purchase, and move more streamlined. We service 3.8 million customers from coast to coast and have the inside scoop on University City's housing scene.

Given all of Missouri's growth, University City homes aren't always easy to find at a comfortable price. Sustained support for local businesses and cultural growth have helped to beckon young families, new businesses, and retirees to the University City area, but so much change also means a strain on housing options, school capacities, and city roads. Even so, University City and the surrounding areas still offer a wide range of home types and prices. You can find duplexes, single-family homes, townhomes, condos, and (ideally) your dream house! When buying a home in University City, double check that you're factoring in the home's distance from your daily activities. If possible, test drive your route to work, school, and the grocery store. Your home's location will influence almost every aspect of your life. Discovering different parts of University City will help you see how the northern part differs from the southern part, what the neighborhoods are like, and where to find University City's hottest attractions.

You're ready to buy a house in University City, but is your bank account? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We believe everyone can find their dream home and work to make every stage of the journey more enjoyable and less worrisome. It doesn't matter whether you want to buy a home in Missouri or somewhere else entirely. We support new and experienced homeowners alike. Walk through the following steps to help you see if you're in a good financial position to buy a house in University City.

First, estimate how much house you can afford. This will help determine the price range for your University City house hunt. Next, map out your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). It's okay if these numbers are educated guesses. Everyone's situation will differ, but a quick online search for average expenses in University City 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, look at how much money you can put toward a down payment. Putting at least 20% down will increase your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). Even so, 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. Lenders place a high importance on credit history when looking at your mortgage application. The better your credit is, the more mortgage options you may be presented with— and who doesn't want more choices in life?

Move Up and Out: Buying Your Dream House in University City, 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 when you get to live in a stellar city like University City, moving doesn't seem so challenging. Contact Mr. Cooper as you get ready to buy a house in University City. We're here to help you along the way 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.*

University City, MO Mr. Cooper Customer Reviews

Read real stories from real Mr. Cooper home buyers and sellers in University City, MO. Then contact us to see what we can do for you.

Buying or selling a house in University City? 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.