Learn About Home Loans in Durango, CO
Mr. Cooper is here to walk alongside you in your homeownership journey in Durango, CO. As a top-20 home lender and the third-largest home loan servicer in the country, we have decades of experience to help you evaluate your loan options and solidify your home buying plan.
Work with a Mr. Cooper mortgage professional and you can get a customized strategy for approaching your home loan journey — one that will help you walk confidently. We can help you figure out what today's mortgage rates are in Durango, how much house you can afford, and also get prequalified for a mortgage in Durango. 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. Read on to learn more about different home mortgage options and contact Mr. Cooper in Durango 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 Durango, CO?
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 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% and may be a perfect fit for buyers who can’t get a conventional loan.
In Durango, 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 help you weigh the pros and cons of FHA loans and determine the best financing route for you.
Could You Get a VA Loan in Durango?
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 Durango. Reach out to Mr. Cooper if you’re ready to buy a home in Durango and think that you might be eligible for a VA loan. There are many benefits in this loan type that can make the home buying process a lot easier. 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. Checking your VA eligibility for a VA loan in Durango is quick and easy with a Mr. Cooper professional guiding you through the application process.
When to Consider Mr. Cooper Jumbo Loans in Durango
Jumbo loans are a good match for many homebuyers in Durango. 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’re interested in jumbo loans to buy a home in Durango, you most likely need larger loan amounts that exceed conventional loan limits. Call Mr. Cooper to learn more about jumbo loan eligibility in Durango.
Mr. Cooper Can Help You Buy a Home in Durango
Mr. Cooper's team of mortgage professionals is ready to guide you through your home buying journey in Durango. However, we know that looks different for everyone. Some people are only interested in knowing today's mortgage rates in Durango. Others can't wait to prequalify for a mortgage in Durango. 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 Durango is here to make them 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.