Missouri Home Buying Guide
Midwest Region · Non-Judicial Foreclosure State
Key Facts at a Glance
What Makes Missouri Unique
No transfer tax
MHDC Cash Assistance covers 4% of loan for DPA
Kansas City and St. Louis both offer solid affordability
First-Time Buyer Programs in Missouri
MHDC First Place Loan
Contact your state housing finance agency for current eligibility and rates
MHDC Next Step Loan
Contact your state housing finance agency for current eligibility and rates
MHDC Cash Assistance Loan
Contact your state housing finance agency for current eligibility and rates
Program availability, income limits, and interest rates change frequently. Verify current terms with your lender or state housing finance agency.
Closing Costs in Missouri
Attorney at Closing
Attorney Not Required
Missouri does not require an attorney at closing. A title company typically handles the transaction. Consider hiring one anyway for complex deals.
Local Tips for Missouri Buyers
No transfer tax means lower closing costs.
Cash Assistance can cover the entire down payment for FHA.
St. Louis has unique trust deed deed structures — review carefully.
Estimated Annual Ownership Cost in Missouri
Based on the median home price of $225,000 with a 10% down payment and 7% mortgage rate.
Ready to Calculate Your Numbers?
Use our free calculators to estimate your monthly payment, affordability, and closing costs in Missouri.