Find Mr. Cooper Home Mortgages in Des Plaines, IL

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Learn About Home Loans in Des Plaines, IL

Mortgage In Des Plaines, planning a home purchase is easier when you have Mr. Cooper on your side. 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.

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 determine everything from how much house you can afford to what today's mortgage rates are in Des Plaines. 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. Keep reading to learn more about different home mortgages and contact a Mr. Cooper mortgage professional in Des Plaines to get started. You could prequalify for a mortgage in no time. Get Started

What to Know About FHA Loans in Des Plaines, IL

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. This government-insured loan type is behind nearly 1 in 5 of all homebuyers. The loan program largely caters to homebuyers who cannot afford the usual 20% down payment that many private lenders require. 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.

Around Des Plaines, Mr. Cooper has seen FHA loans increase in popularity alongside the rise of rental costs and student loan debt — two things that can make it hard to save money for a large 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 Des Plaines?

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 Des Plaines. Connect with Mr. Cooper if you're looking to buy a home in Des Plaines and want to learn more about VA loans. This loan type can make the home buying process much easier in a couple of ways. Interest rates are often significantly lower than the broader mortgage market. There's also a possibility that you won't have to put down a down payment. Confirming your VA eligibility for a VA loan in Des Plaines is fast and simple with a Mr. Cooper professional walking you through the application process.

When to Consider Mr. Cooper Jumbo Loans in Des Plaines

Jumbo loans are another option for some homebuyers in Des Plaines. A jumbo loan, or a jumbo mortgage, goes beyond the limits of a conventional loan. Jumbo loans are often in the millions and are designed to help people buy or refinance higher-valued real estate. If you’re interested in jumbo loans to buy a home in Des Plaines, you most likely need larger loan amounts that exceed conventional loan limits. For more information on jumbo loan eligibility in Des Plaines, contact Mr. Cooper.

Buy a Home in Des Plaines with Help from Mr. Cooper

Mr. Cooper's family of mortgage professionals is ready to help you buy a house in Des Plaines. However, we know that looks different for everyone. Some people are only interested in knowing today's mortgage rates in Des Plaines. Others want to learn how to get preapproved for a mortgage loan in Des Plaines. While others are ready to speed through the loan application process and close on a home tomorrow! Whatever your unique needs and goals are, Mr. Cooper's home buyer program in Des Plaines is here to make them a reality. Reach out to a mortgage professional now.

Des Plaines, IL Mr. Cooper Reviews

Take it from these happy Mr. Cooper mortgage customers in Des Plaines, IL: We love helping homeowners. Call now to see how we can serve you.

We see home loans differently. We see them through your eyes.

Let Mr. Cooper help you prequalify for a mortgage and get the keys to your dream home.