Learn About Home Loans in Rantoul, IL
In Rantoul, 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 decades of experience to help you navigate your loan options and chart a path for home buying success.
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 determine what today's mortgage rates are in Rantoul, how much house you can afford, and also get prequalified for a mortgage in Rantoul. 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. Read on to learn more about different home mortgage options and contact Mr. Cooper in Rantoul to take the first step toward reaching your goal. You could prequalify for a mortgage in no time. Get Started
Are You Eligible for an FHA Loan in Rantoul, 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. Close to 1 in 5 of all home buyers rely on this government-issued loan type. The loan program largely caters to homebuyers who cannot afford the usual 20% down payment that many private lenders require. 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 Rantoul area, Mr. Cooper has watched FHA loans rise in popularity alongside increases in student loan debt and rental costs — two factors 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 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 Rantoul?
There's no question about it. America's service members, veterans, and their spouses should receive 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 Rantoul. Contact Mr. Cooper if you're starting the home buying process in Rantoul and you could be eligible for a VA loan. 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. There’s also a chance that you may not be required to put down a down payment. With a Mr. Cooper professional guiding you through the application process, checking your VA eligibility for a VA loan in Rantoul is quick and easy.
Mr. Cooper Also Offers Jumbo Loans in Rantoul
Jumbo loans are another option for some homebuyers in Rantoul. A jumbo loan, or a jumbo mortgage, goes beyond 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 curious about using a jumbo loan to buy a house in Rantoul, you'll probably need larger loan amounts that surpass conventional loan limits. For more information on jumbo loan eligibility in Rantoul, contact Mr. Cooper.
Buy a Home in Rantoul with Help from Mr. Cooper
The mortgage professionals at Mr. Cooper are ready to walk alongside you as you buy a home in Rantoul. But we know that doesn't mean the same thing to everyone. Some people just want to check mortgage rates in Rantoul. Others want to get preapproved for a mortgage in Rantoul. 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 Rantoul is here to make them a reality. Reach out to a mortgage professional now.
- 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.