Learn About Home Loans in Edwardsville, IL
In Edwardsville, planning a home purchase is easier when you have Mr. Cooper on your side. As the third-largest home loan servicer and a top-20 home lender in the country, we have the background to help you understand your loan options and chart a path for home buying success.
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 everything from how much house you can afford to what today's mortgage rates are in Edwardsville. 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 contact a Mr. Cooper mortgage professional in Edwardsville to get started. You can begin the pre-qualification process today. Get Started
What to Know About FHA Loans in Edwardsville, 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 system is specifically geared toward homebuyers who can't afford the typical 20% down payment that's usually 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 Edwardsville area, Mr. Cooper has watched FHA loans rise in popularity alongside increases in student loan debt and rental costs — two circumstances 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. Wherever you are on your journey, Mr. Cooper can help you weigh the pros and cons of FHA loans and determine the best financing route for you.
Should You Pursue a VA Loan in Edwardsville?
America's service men and women, veterans, and their spouses deserve the absolute best. Mr. Cooper can lend their expertise in helping you get qualified for a VA home loan in Edwardsville if you think you might be eligible for one. Reach out to Mr. Cooper if you’re ready to buy a home in Edwardsville 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. Interest rates are often significantly lower than the broader 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 Edwardsville is fast and simple with a Mr. Cooper professional walking you through the application process.
Mr. Cooper Simplifies Jumbo Loans in Edwardsville, Too
Jumbo loans are a good match for many homebuyers in Edwardsville. 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'd like to use a jumbo loan to buy a home in Edwardsville, you will most likely require a larger loan amount that surpasses conventional loan limits. Contact Mr. Cooper for more information on jumbo loan eligibility in Edwardsville.
Buy a Home in Edwardsville with Help from Mr. Cooper
The mortgage professionals at Mr. Cooper are ready to walk alongside you as you buy a home in Edwardsville. However, we know that looks different for everyone. Some people just want to know the latest mortgage rates in Edwardsville. Others can't wait to prequalify for a mortgage in Edwardsville. And still others can't wait to pack their moving boxes and close on a home as soon as possible! Mr. Cooper's home buyer program in Edwardsville exists to make your dreams 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.