Learn About Home Loans in Washington, IL
Mr. Cooper is here to walk alongside you in your homeownership journey in Washington, IL. As the nation's third-largest home loan servicer and a top-20 home lender, we have the background 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 figure out what today's mortgage rates are in Washington, how much house you can afford, and also get prequalified for a mortgage in Washington. 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. Read on to learn more about different home mortgage options and contact a Mr. Cooper mortgage professional in Washington to get started. You could prequalify for a mortgage in no time. Get Started
Do You Qualify for an FHA Loan in Washington, 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. About 1 in 5 of all homebuyers go with this type of government-insured loan. 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%, which is a great fit for many buyers who aren't eligible for a conventional loan.
Around Washington, Mr. Cooper has watched FHA loans rise in popularity alongside increases in student loan debt and rental costs — two things 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. No matter your circumstances, Mr. Cooper can help you weigh the pros and cons of FHA loans and determine the best financing route for you.
Mr. Cooper Can Be Your Guide to Washington VA Loans
This nation's service men and women, veterans, and their spouses deserve nothing but the best. Mr. Cooper can lend their expertise in helping you get qualified for a VA home loan in Washington if you think you might be eligible for one. Reach out to Mr. Cooper if you’re ready to buy a home in Washington and think that you might 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. With a Mr. Cooper professional guiding you through the application process, checking your VA eligibility for a VA loan in Washington is quick and easy.
Mr. Cooper Simplifies Jumbo Loans in Washington, Too
Jumbo loans are a special financing option for some homebuyers in Washington. A jumbo loan, or a jumbo mortgage, exceeds the limits of a conventional loan. Jumbo loans are designed to help people refinance or buy higher-valued real estate and are often millions of dollars. If you'd like to use a jumbo loan to buy a home in Washington, you will most likely require a larger loan amount that surpasses conventional loan limits. For more information on jumbo loan eligibility in Washington, contact Mr. Cooper.
Buy a House in Washington with Help from Mr. Cooper
Mr. Cooper's team of mortgage professionals is ready to guide you through your home buying journey in Washington. However, we know that looks different for everyone. Some people just want to know the latest mortgage rates in Washington. Others want to get preapproved for a mortgage in Washington. While others are ready to speed through the loan application process and close on a home tomorrow! No matter what you're looking for, Mr. Cooper's home buyer program in Washington 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.