Get Started on Your Duarte Home Loan Journey
Houses aren't one size fits all. The same can be said for home loans in California. Finding the right fit for you takes some shopping around! Mr. Cooper can help! Our goal is to keep the dream of homeownership alive starting with the mortgage loan process. We hope you'll keep reading for routine details about picking your Duarte home loan, but also contact a Mr. Cooper professional with any mortgage questions you might have.
As you begin searching for home loans, double check your credit and try your best to improve your score. A not-so-great credit score might mean you end up with a higher interest rate on your home loan. On the other hand, a strong credit score can help you advocate for your best rate with a lender. Your credit strength, financial situation, and the timeframe you wish to make your move can all influence the loan type that aligns with your goals. So, what options are out there for you?
What Home Loan Options Do I Have in Duarte, CA?
There are several different types of home loans available to Duarte home buyers: conventional loans, FHA loans, FHA streamline loans, VA loans, VA Interest Rate Reduction Loans (VA IRRRL), and high balance conforming loans. A conventional loan may be the perfect option for you if your credit is healthy, your income and employment history are stable, and you're ready to make a down payment of as little as 3% depending on your situation.
FHA and VA loans fall into the government loan category. Credit and income requirements are usually a little more different than conventional loans. Also, active-duty service members, veterans and surviving spouses may be eligible to apply for VA new home loans. How do you know which home loan is the best for you? A loan officer can help you get to know your options and what comes next, depending on your position in the process.
Start with a Preapproval Letter in Duarte, CA
Talk to your lender about a Verified Approval Letter. Get one before you start going to Open Houses in Duarte to show that you've done your due diligence. A Verified Approval Letter shows that your lender has looked at all of your finances and communicated about how much you can buy. It can also speed up seller’s you’re serious about the home they’re selling. Contact a Mr. Cooper mortgage professional today to chat about everything from your potential loan options, credit score, and your Verified Approval letter. Now could be the perfect time for you to buy a house in Duarte. See how we can help you navigate your next home-buying experience!
- 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.