Contact Mr. Cooper in Pekin, IL

Busy? Have us call you back. Call Me Back

More Information

Prequalify for a Mortgage in Pekin, IL with Mr. Cooper

Looking to become a homeowner? It's the perfect time to do so. As the nation's third-largest home loan servicer, Mr. Cooper is ready to support you throughout your journey to home ownership. Mr. Cooper in Pekin can be your home loan ally, whether you're looking for a conventional home loan, a Federal Housing Administration loan (FHA), or a VA loan. You can do so much with Mr. Cooper in Pekin — including learn more about mortgage rates, credit scores, and budgeting.

We know that getting a mortgage can be complicated, and even more so when you're a first-time home buyer in Pekin, IL. Mr. Cooper can explain how everything applies to your situation. Just give us a call. Here's what you need to know in the meantime.

Conventional loans are a popular choice for Pekin home buyers and are actually one of the most common mortgage options. These are loans that are not insured by the federal government. The government backs other home loan types, while private lenders like Mr. Cooper back conventional loans. Some advantages of a conventional loan might include numerous term lengths and agreeable interest rates.

As a Pekin home buyer, you might be eligible for FHA financing, another type of home loan. FHA loans are also called Federal Housing Administration loans. They're backed by the U.S. government. An FHA loan can have more flexible credit requirements and typically allows for a lesser down payment than a conventional loan. Ask Mr. Cooper about FHA loan requirements in Pekin today.

VA home loans aren't available to everyone. You must be an active duty service member, a veteran, or a surviving spouse of a veteran to apply. If you're trying to buy a home in Pekin as a veteran, active-duty service member, or surviving spouse, you could be eligible for a VA loan. At Mr. Cooper, it's our privilege to serve veterans and help them realize their dreams of home ownership. Due to the uniqueness of this home loan option, we encourage you to call a Mr. Cooper mortgage professional to learn more about VA loans in Pekin. Get Started

Refinance Your Home Loan in Pekin with Mr. Cooper

In addition to new home loans, Mr. Cooper also offers mortgage refinancing in Pekin. Refinancing your home loan simply means paying off your current home loan and replacing it with a new one that better suits your financial needs. The new loan might come with a more favorable interest rate, a shorter loan term, or both. A majority of the time, the goal of refinancing is to get a lower interest rate and decrease your monthly payment (so you can invest more money in making memories in your Pekin house!).

Like new home loans, there are a couple of different ways to refinance. One option is to refinance to get a better interest or loan term. Cash-out refinancing is another option.† It allows homeowners who want to leverage their home's equity as cash to invest in things like home remodeling or higher education. This type of refinancing also allows for debt consolidation, since you can use equity from your home to tap into cash and pay down car loans, credit card debt, or medical bills.^ Mr. Cooper in Pekin can help you learn more about refinancing and choose the right refinance option for your situation.

Selling or Buying a House in Pekin with Mr. Cooper

Are you ready to buy a house in Pekin, IL? Then you'll probably want to get prequalified for a home loan — along with some professional guidance for how to buy a house in Pekin. Despite Illinois's ever-changing real estate market, Mr. Cooper mortgage professionals are always equipped with the latest insights. Mr. Cooper mortgage professionals will help simplify your home-buying experience in a few ways: First, we can help you estimate how much house you can afford. Next, we can help you prequalify for a mortgage in Pekin and recommend you to our affiliate to locate a good real estate agent near you.* Finally, Mr. Cooper can help you secure a home loan that meets your financial needs and furthers your journey toward home ownership. From open house to closing day, Mr. Cooper is your ally.

Selling a house in Pekin, IL? Turn to Mr. Cooper for help. We're aware of the obstacles that come with selling a house in Pekin, particularly if it's your first time doing it. As a seller, you'll receive extensive sales and marketing service at an exceptional value. And as a buyer, you'll have access to thousands of home listings and might qualify for a Buyer's Bonus Credit at closing.** Ask about the Mr. Cooper Real Estate Rewards program in Pekin to learn more.

Mr. Cooper is here to keep the dream of home ownership alive for every customer — including you. Call today for more information about refinancing, home loans, and selling or buying a house in Pekin. We’ve got your back.

What’s Your Goal?

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

Welcome to the world of Mr. Cooper, a place with no online transaction fees, quality U.S.-based customer service, and a cutting-edge mobile app that gives you more of what you want.