Types of Mr. Cooper Home Loans in Rexburg, ID
Mr. Cooper here to ally with you in Rexburg, ID as you plan your next home purchase. As the nation's third-largest home loan servicer and a top-20 home lender, we have the background to help you understand your loan options and finalize 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 understand how much house you can afford, what mortgage rates might be in Rexburg, and also get pre-approved in Rexburg. Our mortgage professionals get to know your unique financial and living situation to come up with a strategic plan for securing the best mortgage for your needs. Learn more about various home mortgages below and call one of Mr. Cooper's mortgage professionals in Rexburg to start your journey. You could prequalify for a mortgage in no time. Get Started
Do You Qualify for an FHA Loan in Rexburg, ID?
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. 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% and may be a perfect fit for buyers who can’t get a conventional loan.
In the Rexburg area, 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 tough to save enough money for a down payment. FHA loans can also be accessible to borrowers with less than perfect 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.
Mr. Cooper Can Be Your Guide to Rexburg VA Loans
There's no question about it. America's service members, veterans, and their spouses should receive the best. If you think you may be eligible for a VA loan, Mr. Cooper can share their knowledge to help you get approved for a VA home loan in Rexburg. Connect with Mr. Cooper if you're looking to buy a home in Rexburg and want to learn more about VA loans. This type of financing has many benefits and can make the home buying process simpler. Many times, interest rates are substantially lower than the rest of the mortgage market. You may not be required to put down a down payment, either. Checking your VA eligibility for a VA loan in Rexburg is quick and easy with a Mr. Cooper professional guiding you through the application process.
Mr. Cooper Simplifies Jumbo Loans in Rexburg, Too
Jumbo loans are a special financing option for some homebuyers in Rexburg. 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 curious about using a jumbo loan to buy a house in Rexburg, you'll probably need larger loan amounts that surpass conventional loan limits. For more information on jumbo loan eligibility in Rexburg, contact Mr. Cooper.
Buy a House in Rexburg with Help from Mr. Cooper
Mr. Cooper's team of mortgage professionals is ready to guide you through your home buying journey in Rexburg. However, we know that looks different for everyone. Some people just want to know the latest mortgage rates in Rexburg. Others can't wait to prequalify for a mortgage in Rexburg. And still others can't wait to pack their moving boxes and close on a home as soon as possible! Whatever your unique needs and goals are, Mr. Cooper's home buyer program in Rexburg 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.