Types of Mr. Cooper Home Loans in Rancho Cordova, CA
In Rancho Cordova, planning a home purchase is easier when you have Mr. Cooper on your side. As the nation's third-largest home loan servicer and a top-20 home lender, we have the background 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 determine how much house you can afford, what mortgage rates might be in Rancho Cordova, and also get pre-approved in Rancho Cordova. Our mortgage professionals start by evaluating your financial situation and where you are in life. From there, they compile a targeted plan to help you get the best mortgage option for you. Keep reading to learn more about different home mortgages and contact a Mr. Cooper mortgage professional in Rancho Cordova to get started. You could prequalify for a mortgage in no time. Get Started
Do You Qualify for an FHA Loan in Rancho Cordova, CA?
If you’re looking for a loan with flexible credit requirements and a potentially lower down payment, a Federal Housing Administration (FHA) loan may be a good option for you. Close to 1 in 5 of all home buyers rely on this government-issued loan type. The loan system is specifically geared toward homebuyers who can't afford the typical 20% down payment that's usually required by private lenders. 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 Rancho Cordova, 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 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 determine if an FHA loan is right for you. And if it's not, we'll help you find a different financing route.
Should You Pursue a VA Loan in Rancho Cordova?
This nation's service men and women, veterans, and their spouses deserve nothing but the best. Mr. Cooper can lend their expertise in helping you get qualified for a VA home loan in Rancho Cordova if you think you might be eligible for one. Contact Mr. Cooper if you're starting the home buying process in Rancho Cordova and you could be eligible for a VA loan. This type of financing has many benefits and can make the home buying process simpler. VA loans offer lower rates when compared to the overall mortgage landscape. 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 Rancho Cordova is quick and easy.
When to Consider Mr. Cooper Jumbo Loans in Rancho Cordova
Jumbo loans are a good match for many homebuyers in Rancho Cordova. 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'd like to use a jumbo loan to buy a home in Rancho Cordova, you will most likely require a larger loan amount that surpasses conventional loan limits. For more information on jumbo loan eligibility in Rancho Cordova, contact Mr. Cooper.
Mr. Cooper Can Help You Buy a Home in Rancho Cordova
Mr. Cooper's family of mortgage professionals is ready to help you buy a house in Rancho Cordova. But we know that means different things to different people. Some people just want to know the latest mortgage rates in Rancho Cordova. Others want to get preapproved for a mortgage in Rancho Cordova. 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 Rancho Cordova can help you find it. 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.