7 Things First-Time Home Buyers in Missouri Must Know in 2025

by Christina Sparks

🏡 7 Things First-Time Home Buyers in Missouri Must Know in 2025

Buying your first home is exciting—but let’s be real, it can also feel overwhelming. Between rising mortgage rates, competitive markets, and new rules in 2025, first-time home buyers in Missouri need to be more prepared than ever.

The good news? I’ve helped dozens of Springfield buyers navigate their first home purchase successfully, and I’m sharing my best tips with you today.

Here are 7 must-know things every first-time home buyer in Missouri should know in 2025.

1️⃣ Get Pre-Approved Before You Shop

Before you fall in love with that perfect house, get pre-approved by a local lender. In 2025, sellers want to see serious buyers — and pre-approval shows you’re ready to go. Plus, it helps you know your budget before you start shopping.

2️⃣ Know Your Credit Score

Your credit score plays a huge role in the mortgage rate you’ll get. In Missouri, most lenders look for a 620 or higher score, but the best rates go to those with 740 and above.
🌟 Tip: If your score is close, take a few months to improve it. It could save you thousands over the life of your loan.

3️⃣ Save More Than Just the Down Payment

You’ll need more than just your down payment to close on your first home. Plan for:
✔ Closing costs (usually 2-5% of the home price)
✔ Moving expenses
✔ Home inspections and appraisals
✔ First-year home repairs or updates

4️⃣ Explore First-Time Buyer Programs in Missouri

Good news for Missouri buyers: there are 2025 programs that can help!

MHDC First Place Loan Program offers down payment assistance.
Some lenders have special first-time buyer loans with lower rates.

🌟 Tip: Ask me or your lender about the latest programs—new options pop up each year!

5️⃣ Don’t Skip the Home Inspection

Even if the home looks great, always get an inspection. In 2025, many buyers regret waiving inspections just to win bidding wars. Protect your investment and avoid expensive surprises down the road.

6️⃣ Be Ready to Act Fast (But Don’t Rush)

Springfield and nearby cities like Nixa and Ozark are seeing steady demand. The best homes can still go under contract in days.
✔ Be ready to make an offer fast.
✔ But don’t skip important steps like inspections and reviewing paperwork.
Balance is key!

7️⃣ Work With a Local Real Estate Agent Who Educates You

Your first home is a big deal—you deserve a real estate agent who not only finds homes but also educates you every step of the way. I specialize in helping first-time buyers in Springfield feel confident, informed, and excited (not stressed!) during the process.