Mr. Cooper Home Loans in Evanston, IL
In Evanston, 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 evaluate your loan options and finalize your home buying plan.
A Mr. Cooper mortgage professional can design a custom strategy that will help you tackle the home loan process with confidence. We can help you figure out what today's mortgage rates are in Evanston, how much house you can afford, and also get prequalified for a mortgage in Evanston. 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. Learn more about various home mortgages below and contact a Mr. Cooper mortgage professional in Evanston to get started. You can begin the pre-qualification process today. Get Started
Are You Eligible for an FHA Loan in Evanston, IL?
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. 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. 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 Evanston, Mr. Cooper has seen FHA loans increase in popularity alongside the rise of rental costs and student loan debt — two factors 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. Whatever your situation, Mr. Cooper can walk you through the ins and outs of FHA loans and figure out the best financing option for your needs.
Should You Pursue a VA Loan in Evanston?
This nation's service men and women, veterans, and their spouses deserve nothing but 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 Evanston. Contact Mr. Cooper if you're starting the home buying process in Evanston and you could be eligible for a VA loan. This type of financing has many benefits and can make the home buying process simpler. 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 Evanston is quick and easy with a Mr. Cooper professional guiding you through the application process.
Mr. Cooper Also Offers Jumbo Loans in Evanston
Jumbo loans are another option for some homebuyers in Evanston. A jumbo loan, or a jumbo mortgage, exceeds the limits of a conventional loan. Jumbo loans are made to help people refinance or buy higher-valued real estate and are often in the millions. If you’re interested in jumbo loans to buy a home in Evanston, you most likely need larger loan amounts that exceed conventional loan limits. Call Mr. Cooper to learn more about jumbo loan eligibility in Evanston.
Buy a House in Evanston with Help from Mr. Cooper
Mr. Cooper's team of mortgage professionals is ready to guide you through your home buying journey in Evanston. However, we know that looks different for everyone. Some people just want to know the latest mortgage rates in Evanston. Others want to learn how to get preapproved for a mortgage loan in Evanston. While others are ready to apply for a home loan and close as soon as possible! No matter what you're looking for, Mr. Cooper's home buyer program in Evanston can help you find it. 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.