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Why Choose Mr. Cooper Mortgages in Santa Barbara, CA?

Let's make your home ownership dreams a reality. As the nation's third-largest home loan servicer, Mr. Cooper is ready to support you throughout your journey to home ownership. Mr. Cooper in Santa Barbara can be your home loan ally, whether you're searching for a conventional home loan, a Federal Housing Administration loan (FHA), or a VA loan. You can do so much with Mr. Cooper in Santa Barbara — including learn more about mortgage rates, credit scores, and budgeting.

We know that getting a mortgage can be complicated, especially if you're a first-time home buyer in Santa Barbara, CA. Give us a call to see how it applies to you. In the meantime, here’s what you need to know.

Conventional loans are a popular mortgage option for Santa Barbara home buyers. These loans are not federally insured. The government backs other home loan types, while private lenders like Mr. Cooper back conventional loans. A couple of key benefits of a conventional loan may include various term lengths and favorable interest rates.

As a Santa Barbara home buyer, you might be eligible for FHA financing, another type of home loan. FHA stands for Federal Housing Administration. Accordingly, FHA loans are backed by the government. When compared to a conventional loan, an FHA loan generally has less restrictive credit requirements and often allows for a lesser down payment. Ask Mr. Cooper about FHA loan requirements in Santa Barbara today.

VA home loans are only available to service members, veterans, and their spouses. If you're getting ready to buy a home in Santa Barbara and are a veteran, active-duty service member, or surviving spouse, you could be eligible for a VA loan. At Mr. Cooper, it's our privilege to serve veterans and help them realize their dreams of home ownership. Since this loan option is so unique, we invite you to call Mr. Cooper to learn more about qualifying for a VA loan in Santa Barbara. Get Started

Refinance Your Home Loan in Santa Barbara with Mr. Cooper

Besides new home loans, Mr. Cooper also provides mortgage refinancing in Santa Barbara. Refinancing your home loan means that you pay off your current home loan and replace it with a new one that can better meet your financial needs. The new loan may have a shorter loan term, a better interest rate, or both. A majority of the time, the objective of refinancing is to obtain a lower interest rate and reduce your monthly payment (so you can invest more money in making memories in your Santa Barbara house!).

Like new home loans, there are a couple of different ways to refinance. For one, you can refinance for a more favorable loan term or interest rate. There's also cash-out refinancing, which allows homeowners who want to leverage equity they have built in their home as cash to pay for home remodeling or higher education. Cash-out refinancing can also be a way to consolidate debt, since you can tap into your home's equity and use the cash to pay down medical bills, car loans, or credit card debt.^ Mr. Cooper in Santa Barbara can help you learn more about refinancing and choose the right refinance option for your situation.

Buying or Selling a Home in Santa Barbara with Mr. Cooper

Buying a house in Santa Barbara, CA? Then you may want to start by seeking professional guidance for how to buy a house in Santa Barbara and get prequalified for a mortgage in Santa Barbara. Despite California's ever-changing real estate market, Mr. Cooper mortgage professionals are always equipped with the latest insights. Mr. Cooper mortgage professionals will help simplify your home-buying experience in a few ways: First off, we can help you calculate how much house you can afford to buy. Then, we can help you get prequalified to buy a home in Santa Barbara and connect you with our affiliate to find a reliable real estate agent.* Last but not least, Mr. Cooper can help you secure a home loan that meets your financial needs and accelerates your home ownership journey. Consider Mr. Cooper your ally, from open house to closing day.

Preparing to sell a home in Santa Barbara, CA? Mr. Cooper can help you there, too. We understand the challenges that come with selling a home in Santa Barbara, whether you're trying to sell a home for the first or fifteenth time. As a seller, you'll get in-depth marketing and sales insight at an exceptional value. And as a buyer, you'll have access to thousands of home listings and might qualify for a Buyer's Bonus Credit at closing.** Ask about our Santa Barbara Mr. Cooper Real Estate Rewards program to learn more.

Mr. Cooper is here to be your advocate on your homeowner journey. Give us a call for more information about refinancing, home loans, and selling or buying a house in Santa Barbara. We're your ally.

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