Koda Realty · Greater St. Louis
Your first home
Local guidance. A plan that fits your budget. A place to call your own.
First-time buyer questions
How much do I need for a down payment in Missouri?
Many first-time buyers put down between 3% and 5% with conventional or FHA loans, and eligible buyers may qualify for 0% down through VA or USDA programs. Missouri Housing Development Commission (MHDC) programs can also help with down payment and closing costs for qualifying buyers.
Does it cost me anything to work with a buyer agent?
Your buyer agency agreement spells out how your agent is paid. In many cases the seller contributes toward buyer agent compensation, but it can be negotiated. Koda Realty explains every option before you sign anything.
What credit score do I need to buy a home?
FHA loans may allow scores in the 580 range, while conventional loans usually look for 620 or higher. A local lender can review your situation and suggest ways to improve your rate.
How long does it take to buy a home in St. Louis?
After your offer is accepted, closing usually takes 30 to 45 days. Getting pre-approved first and touring with a plan helps many buyers go from search to keys in about two to three months.
What areas are good for first-time buyers near St. Louis?
St. Peters, St. Charles, Florissant, Arnold, Fenton and parts of St. Louis City often offer good value. The best fit depends on your budget, commute and school preferences.