Learn About Home Loans in Phoenix, AZ
Mr. Cooper is here to walk alongside you in your homeownership journey in Phoenix, AZ. As a top-20 home lender and the third-largest home loan servicer in the country, we have decades of experience to help you evaluate your loan options and solidify your home buying plan.
A Mr. Cooper mortgage professional can design a custom strategy that will help you tackle the home loan process with confidence. We can help you figure out everything from how much house you can afford to what today's mortgage rates are in Phoenix. Our mortgage professionals will evaluate your unique financial and living situation and will come up with a recommended plan for the best mortgage options that fit your needs. Read on to learn more about different home mortgage options and contact Mr. Cooper in Phoenix to take the first step toward reaching your goal. You can begin the pre-approval process as soon as today! Get Started
What to Know About FHA Loans in Phoenix, AZ
A Federal Housing Administration (FHA) loan may be a good option for you if you’re looking for a loan with flexible credit requirements and a potentially lower down payment. Close to 1 in 5 of all home buyers rely on this government-issued loan type. The loan program largely caters to homebuyers who cannot afford the usual 20% down payment that many private lenders require. The down payment can be as low as 3.5% and may be a perfect fit for buyers who can’t get a conventional loan.
In Phoenix, Mr. Cooper has seen FHA loans increase in popularity alongside the rise of rental costs and student loan debt — two things that can make it tough to save enough money for a down payment. Another perk to FHA loans is that they're usually available to borrowers with lower credit scores. Wherever you are on your journey, Mr. Cooper can walk you through the ins and outs of FHA loans and figure out the best financing option for your needs.
Could You Get a VA Loan in Phoenix?
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 Phoenix. Reach out to Mr. Cooper if you’re ready to buy a home in Phoenix and think that you might be eligible for a VA loan. This type of financing has many benefits and can make the home buying process simpler. 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. Confirming your VA eligibility for a VA loan in Phoenix is fast and simple with a Mr. Cooper professional walking you through the application process.
When to Consider Mr. Cooper Jumbo Loans in Phoenix
Jumbo loans are another option for some homebuyers in Phoenix. A jumbo loan, or a jumbo mortgage, exceeds 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’re interested in jumbo loans to buy a home in Phoenix, you most likely need larger loan amounts that exceed conventional loan limits. Contact Mr. Cooper for more information on jumbo loan eligibility in Phoenix.
Buy a House in Phoenix with Help from Mr. Cooper
Mr. Cooper's family of mortgage professionals is ready to help you buy a house in Phoenix. However, we know that looks different for everyone. Some people are only interested in knowing today's mortgage rates in Phoenix. Others want to get preapproved for a mortgage in Phoenix. And still others can't wait to pack their moving boxes and close on a home as soon as possible! Mr. Cooper's home buyer program in Phoenix exists to make your dreams a reality. Talk to 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.