Types of Mr. Cooper Home Loans in Gilbert, AZ
Mr. Cooper is here to walk alongside you in your homeownership journey in Gilbert, AZ. As the nation's third-largest home loan servicer and a top-20 home lender, we have the background to help you understand your loan options and chart a path for home buying success.
Work with a Mr. Cooper mortgage professional and you can get a customized strategy for approaching your home loan journey — one that will help you walk confidently. We can help you determine what today's mortgage rates are in Gilbert, how much house you can afford, and also get prequalified for a mortgage in Gilbert. Our mortgage professionals get to know your unique financial and living situation to come up with a strategic plan for securing the best mortgage for your needs. Read on to learn more about different home mortgage options and call one of Mr. Cooper's mortgage professionals in Gilbert to start your journey. You can begin the pre-approval process as soon as today! Get Started
Are You Eligible for an FHA Loan in Gilbert, AZ?
If you're searching for a loan with a potentially lower down payment and flexible credit requirements, you might want to consider a Federal Housing Administration (FHA) loan. This government-insured loan type is behind nearly 1 in 5 of all homebuyers. The loan program is primarily designed to help homebuyers who cannot afford the traditional 20% down payment that is often required by private lenders. With a down payment that can be as low as 3.5%, an FHA loan can end up being a perfect match for buyers who aren't eligible for conventional loans.
In Gilbert, Mr. Cooper has watched FHA loans rise in popularity alongside increases in student loan debt and rental costs — two circumstances that can make it tough to save enough money for a down payment. FHA loans can also be accessible to borrowers with less than perfect credit scores. Wherever you are on your journey, Mr. Cooper can help you weigh the pros and cons of FHA loans and determine the best financing route for you.
Should You Pursue a VA Loan in Gilbert?
America's service men and women, veterans, and their spouses deserve the absolute best. If you think you might be eligible for a VA loan, Mr. Cooper can lend our expertise in helping you get qualified for a VA home loan in Gilbert. Reach out to Mr. Cooper if you’re ready to buy a home in Gilbert and think that you might be eligible for a VA loan. This loan type can make the home buying process much easier in a couple of ways. Interest rates are often significantly lower than the broader mortgage market. There's also a possibility that you won't have to put down a down payment. With a Mr. Cooper professional guiding you through the application process, checking your VA eligibility for a VA loan in Gilbert is quick and easy.
Mr. Cooper Simplifies Jumbo Loans in Gilbert, Too
Jumbo loans are another option for some homebuyers in Gilbert. A jumbo mortgage, or a jumbo loan, surpasses the limits of a conventional loan. Jumbo loans are often in the millions and are designed to help people buy or refinance higher-valued real estate. If you'd like to use a jumbo loan to buy a home in Gilbert, you will most likely require a larger loan amount that surpasses conventional loan limits. For more information on jumbo loan eligibility in Gilbert, contact Mr. Cooper.
Buy a Home in Gilbert with Help from Mr. Cooper
Mr. Cooper's team of mortgage professionals is ready to guide you through your home buying journey in Gilbert. But we know that doesn't mean the same thing to everyone. Some people just want to know the latest mortgage rates in Gilbert. Others can't wait to prequalify for a mortgage in Gilbert. And still others can't wait to pack their moving boxes and close on a home as soon as possible! No matter what you're looking for, Mr. Cooper's home buyer program in Gilbert can help you find it. Contact a mortgage professional today.
- This is not a commitment to lend. All loans are subject to credit and property approval. This offer is nontransferable and may not be combined with any other mortgage offer. Advertised offer is subject to change. If a personal code is present on the advertised offer, you must provide such code to claim the offer. We may gather information about you including, but not limited to, credit bureau information, information for verification of income, information for appraisal and verification of property being used for collateral. We also verify your identity. Income, assets, and debt must meet eligibility requirements as established by Government and/or Lender guidelines.