Learn About Home Loans in South Pasadena, CA
Mr. Cooper is here to walk alongside you in your homeownership journey in South Pasadena, CA. As a top-20 home lender and the third-largest home loan servicer in the country, we have decades of experience 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 understand what today's mortgage rates are in South Pasadena, how much house you can afford, and also get prequalified for a mortgage in South Pasadena. 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 South Pasadena to get started. You could prequalify for a mortgage in no time. Get Started
Are You Eligible for an FHA Loan in South Pasadena, 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. 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. 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.
In South Pasadena, Mr. Cooper has seen FHA loans surge in popularity at the same time as student loan debt and rental prices — two circumstances that can make it difficult to put away money for a down payment. Another benefit to FHA loans is that they're often accessible to borrowers with lower credit scores. No matter your circumstances, 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 South Pasadena?
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 South Pasadena. Contact Mr. Cooper if you're starting the home buying process in South Pasadena and you could be eligible for a VA loan. This loan type can make the home buying process much easier in a couple of ways. Many times, interest rates are substantially lower than the rest of the mortgage market. There’s also a chance that you may not be required to put down a down payment. Confirming your VA eligibility for a VA loan in South Pasadena is fast and simple with a Mr. Cooper professional walking you through the application process.
Mr. Cooper Also Offers Jumbo Loans in South Pasadena
Jumbo loans are a special financing option for some homebuyers in South Pasadena. A jumbo loan, or a jumbo mortgage, exceeds the limits of a conventional loan. Jumbo loans are designed to help people refinance or buy higher-valued real estate and are often millions of dollars. If you'd like to use a jumbo loan to buy a home in South Pasadena, you will most likely require a larger loan amount that surpasses conventional loan limits. Call Mr. Cooper to learn more about jumbo loan eligibility in South Pasadena.
Mr. Cooper Can Help You Buy a Home in South Pasadena
Mr. Cooper's team of mortgage professionals is ready to guide you through your home buying journey in South Pasadena. However, we know that looks different for everyone. Some people just want to know the latest mortgage rates in South Pasadena. Others can't wait to prequalify for a mortgage in South Pasadena. While others are ready to apply for a home loan and close as soon as possible! Whatever your unique needs and goals are, Mr. Cooper's home buyer program in South Pasadena is here to make them a reality. Contact 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.