💰 Financing & Affordability
Q: How much house can I afford on my current income?
A: Use the 28/36 rule: Spend no more than 28% of your gross income on housing and 36% on total debt. We can connect you with a lender for specifics.
For more information on what kind of house you can afford, check out this blog.
Q: What are the current mortgage rates in Kansas City?
A: Rates change daily—check with a local lender for today’s rate. We work with some of the best if you need a referral.
For more information on current mortgage rates, check out this blog.
Q: What credit score is needed to qualify for a mortgage?
A: Typically 620+ for conventional loans, but FHA loans can go lower. Higher scores = better terms.
For more information on credit score qualifications, check out this blog.
Q: What are the differences between FHA, VA, and conventional loans?
A: FHA = low down payment, flexible credit. VA = zero down for veterans. Conventional = more options, typically better terms with good credit.
For more information on FHA loans, check out this blog.
For more information on VA loans, check out this blog.
For more information on Conventional loans, check out this blog.
Q: How much should I save for a down payment?
A: Anywhere from 3% to 20%, depending on your loan type. We’ll help you find what works for your budget.
For more information on down payments, check out this blog.
Q: What are the typical closing costs for buyers in Kansas City?
A: Around 2–5% of the purchase price, including lender fees, title insurance, and taxes.
For more information on closing costs, check out this blog.
Q: Are there any first-time homebuyer assistance programs available?
A: Yes! Missouri and Kansas both offer programs. We can help you navigate them.
For more information on first-time home buyer assistance programs in Missouri and Kansas, check out this blog.
📈 Market Conditions & Timing
Q: What is the average home price in Kansas City?
A: As of now, it’s hovering in the $250K–$350K range depending on the neighborhood.
For more information on home prices in KC, MO and KS, check out this blog.
Q: When is the best time of year to purchase a home here?
A: Spring has the most listings, but fall can offer better deals. The “best” time depends on your goals.
For more information on the best time of year to purchase a home, check out this blog.
🛠️ Home Features & Deal Breakers
Q: What should I look for during a home tour?
A: Check the roof, HVAC, foundation, windows, and layout flow. Trust your gut, but bring a checklist.
For more information on home tour checklists, check out this blog.
Q: How important is a home inspection, and what does it cover?
A: It’s crucial. Inspections cover structure, major systems, and safety issues. They can save you thousands.
For more information on home inspections, check out this blog.
Q: Should I consider homes with HOA fees?
A: If the amenities and maintenance are worth it to you—yes. Just know what the fees cover and how often they increase.
For information on benefits of an HOA, check out this blog.
🚀 Making a Smart Offer & Winning the Deal
Q: How much earnest money should I put down?
A: Typically 1–2% of the purchase price. It shows you’re serious and strengthens your offer.
For more information on earnest money, check out this blog.
Q: What happens if the appraisal comes in low?
A: You can renegotiate, cover the gap, or walk away. We’ll walk you through every scenario.
For more information on covering the appraisal gap, check out this blog.