Contact Mr. Cooper in Prattville, AL

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Why Choose Mr. Cooper Mortgages in Prattville, AL?

Ready to make your home ownership dreams come true? Let's do it. As the nation's third-largest home loan servicer, Mr. Cooper is ready to assist you in your journey to becoming a homeowner. Mr. Cooper in Prattville can be your home loan ally, whether you're looking for a conventional home loan, a Federal Housing Administration loan (FHA), or a VA loan. There’s a lot you can do with Mr. Cooper in Prattville — including learning more about finances in general and learning about your credit score.

We know that getting a mortgage can be complicated, particularly when you're a first-time home buyer in Prattville, AL. Call a Mr. Cooper mortgage professional for one-on-one guidance. In the meantime, here’s what you need to know.

Conventional loans are one of the most common and popular mortgage options for home buyers in Prattville. These are loans that are not insured by the federal government. Instead, conventional loans are backed by private lenders like Mr. Cooper. A couple of key benefits of a conventional loan could include favorable interest terms and various term lengths.

Depending on your situation, you may want to consider another type of home loan that's available to many Prattville home buyers. It's called FHA. FHA loans, or Federal Housing Administration loans, are backed by the government. When compared to a conventional loan, an FHA loan generally has less restrictive credit requirements and often allows for a lesser down payment. Learn more about FHA loan requirements in Prattville with Mr. Cooper.

VA home loans aren't available to everyone. You must be an active duty service member, a veteran, or a surviving spouse of a veteran to apply. If you're getting ready to buy a home in Prattville and are a veteran, surviving spouse, or an active-duty service member, you could qualify for a VA loan. At Mr. Cooper, it's our privilege to serve veterans and help them realize their dreams of home ownership. Since this loan option is so unique, we invite you to call Mr. Cooper to learn more about qualifying for a VA loan in Prattville. Get Started

Refinance Your Home Loan in Prattville with Mr. Cooper

Besides new home loans, Mr. Cooper also provides mortgage refinancing in Prattville. Refinancing your home loan means that you pay off your current home loan and replace it with a new one that can better meet your financial needs. The new loan might come with a more favorable interest rate, a shorter loan term, or both. Most of the time, the purpose of refinancing is to secure a lower interest rate and cut down your monthly payment (so you can invest more money in making memories in your Prattville house!).

Like new home loans, there are a couple of different ways to refinance. For one, you can refinance for a more favorable loan term or interest rate. Another option is cash-out refinancing.† This option lets homeowners leverage the equity they've built in their house as cash to pay for things like college tuition or home improvements. Cash-out refinancing can also be a method for debt consolidation, since you can also use equity from your home to tap into cash and pay down credit card debt, medical bills, or auto loans.^ Whatever your situation, Mr. Cooper in Prattville can help you learn more about refinancing and choose the right refinance option.

Buy or Sell a House in Prattville with Mr. Cooper's Help

Are you ready to buy a house in Prattville, AL? Then you'll probably want to look into getting prequalified for a mortgage in Prattville and seek professional assistance for how to buy a home in Prattville. The real estate market in Alabama is always changing, and Mr. Cooper mortgage professionals are equipped with the most up-to-date information. Mr. Cooper mortgage professionals will help simplify your home-buying experience in a few ways: First off, we can help you calculate how much house you can afford to buy. Then, we can walk you through getting prequalified to buy a home in Prattville and connect you with our affiliate to find a reliable real estate agent.* Last but not least, Mr. Cooper can help you secure a home loan that aligns with your financial situation and accelerates your home ownership journey. Consider Mr. Cooper your ally, from open house to closing day.

Selling a house in Prattville, AL? Turn to Mr. Cooper for help. We know the challenges that come with selling a home in Prattville, whether you're trying to sell a home for the first or fifteenth time. As a seller, you'll receive extensive sales and marketing service at an exceptional value. And as a buyer, you could be eligible for a special credit at closing and gain access to thousands of listings.** Ask about our Prattville Mr. Cooper Real Estate Rewards program to learn more.

Mr. Cooper is here to keep the dream of home ownership alive for every customer — including you. Give us a call for more information about applying for a home loan, refinancing an existing loan, or buying or selling a home in Prattville. We're your ally.

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