Types of Mr. Cooper Home Loans in Palm Desert, CA
In Palm Desert, planning a home purchase is easier when you have Mr. Cooper on your side. As a top-20 home lender and the third-largest home loan servicer in the country, we have the background to help you evaluate your loan options and chart a path for home buying success.
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 understand how much house you can afford, what mortgage rates might be in Palm Desert, and also get pre-approved in Palm Desert. 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. Learn more about various home mortgages below and contact Mr. Cooper in Palm Desert to take the first step toward reaching your goal. You can begin the pre-qualification process today. Get Started
Are You Eligible for an FHA Loan in Palm Desert, 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. About 1 in 5 of all homebuyers go with this type of government-insured loan. The loan program is primarily designed to help homebuyers who cannot afford the traditional 20% down payment that is often required by private lenders. The down payment can be as low as 3.5%, which is a great fit for many buyers who aren't eligible for a conventional loan.
In Palm Desert, Mr. Cooper has watched FHA loans rise in popularity alongside increases in student loan debt and rental costs — two factors 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 help you weigh the pros and cons of FHA loans and determine the best financing route for you.
Mr. Cooper Can Be Your Guide to Palm Desert VA Loans
This nation's service men and women, veterans, and their spouses deserve nothing but the 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 Palm Desert. Connect with Mr. Cooper if you're looking to buy a home in Palm Desert and want to learn more about VA loans. 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 chance that you may not be required 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 Palm Desert is quick and easy.
Mr. Cooper Also Offers Jumbo Loans in Palm Desert
Jumbo loans are another option for some homebuyers in Palm Desert. A jumbo loan, or a jumbo mortgage, goes beyond 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 Palm Desert, you'll probably need larger loan amounts that surpass conventional loan limits. For more information on jumbo loan eligibility in Palm Desert, contact Mr. Cooper.
Buy a Home in Palm Desert with Help from Mr. Cooper
The mortgage professionals at Mr. Cooper are ready to walk alongside you as you buy a home in Palm Desert. But we know that doesn't mean the same thing to everyone. Some people just want to check mortgage rates in Palm Desert. Others can't wait to prequalify for a mortgage in Palm Desert. While others are ready to apply for a home loan and close as soon as possible! No matter what you're looking for, Mr. Cooper's home buyer program in Palm Desert can help you find it. Reach out to a mortgage professional now.
- 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.