Learn About Home Loans in Folsom, CA
Mr. Cooper here to ally with you in Folsom, CA as you plan your next home purchase. 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 finalize your home buying plan.
A Mr. Cooper mortgage professional can create a personalized strategy that will help you get smarter about your home loan options. We can help you determine how much house you can afford, what mortgage rates might be in Folsom, and also get pre-approved in Folsom. 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 contact a Mr. Cooper mortgage professional in Folsom to get started. You could prequalify for a mortgage in no time. Get Started
Are You Eligible for an FHA Loan in Folsom, CA?
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 system is specifically geared toward homebuyers who can't afford the typical 20% down payment that's usually 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.
Around Folsom, Mr. Cooper has seen FHA loans surge in popularity at the same time as student loan debt and rental prices — two factors that can make it tough to save enough money for a down payment. Another benefit to FHA loans is that they're often accessible to borrowers with lower credit scores. Whatever your situation, Mr. Cooper can walk you through the ins and outs of FHA loans and figure out the best financing option for your needs.
Should You Pursue a VA Loan in Folsom?
There's no question about it. America's service members, veterans, and their spouses should receive the best. If you think you may be eligible for a VA loan, Mr. Cooper can share their knowledge to help you get approved for a VA home loan in Folsom. Reach out to Mr. Cooper if you’re ready to buy a home in Folsom 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. VA loans offer lower rates when compared to the overall mortgage landscape. There’s also a chance that you may not be required to put down a down payment. Checking your VA eligibility for a VA loan in Folsom is quick and easy with a Mr. Cooper professional guiding you through the application process.
Mr. Cooper Also Offers Jumbo Loans in Folsom
Jumbo loans are a special financing option for some homebuyers in Folsom. A jumbo mortgage, or a jumbo loan, surpasses the limits of a conventional loan. Jumbo loans are made to help people refinance or buy higher-valued real estate and are often in the millions. If you're curious about using a jumbo loan to buy a house in Folsom, you'll probably need larger loan amounts that surpass conventional loan limits. Call Mr. Cooper to learn more about jumbo loan eligibility in Folsom.
Mr. Cooper Can Help You Buy a Home in Folsom
Mr. Cooper's team of mortgage professionals is ready to guide you through your home buying journey in Folsom. But we know that doesn't mean the same thing to everyone. Some people just want to check mortgage rates in Folsom. Others want to learn how to get preapproved for a mortgage loan in Folsom. 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 Folsom 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.