Why Choose Mr. Cooper in Ames, IA?

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Why Choose Mr. Cooper Mortgages in Ames, IA?

Let's make your home ownership dreams a reality. As the nation's third-largest home loan servicer, Mr. Cooper is ready to support you throughout your journey to home ownership. Whether you want to learn more about conventional home loans, Federal Housing Administration loans (FHA), or VA loans, you can turn to Mr. Cooper. You can do so much with Mr. Cooper in Ames — including learn more about mortgage rates, credit scores, and budgeting.

We understand that getting a mortgage can seem puzzling, particularly when you're a first-time home buyer in Ames, IA. Give us a call to see how it applies to you. Until then, here's what you need to know to get started.

Conventional loans are a popular mortgage option for Ames home buyers. The federal government does not insure these loans. Instead, conventional loans are backed by private lenders like Mr. Cooper. Some advantages of a conventional loan may include favorable interest terms and various term lengths.

Depending on your situation, you may want to consider another type of home loan that's available to many Ames home buyers. It's called FHA. FHA stands for Federal Housing Administration. Accordingly, FHA loans are backed by the government. When compared to a conventional loan, an FHA loan generally has less restrictive credit requirements and often allows for a lesser down payment. Ask Mr. Cooper about FHA loan requirements in Ames 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 Ames as a veteran, active-duty service member, or surviving spouse, you could be eligible for a VA loan. At Mr. Cooper, it's our honor to help our nation's veterans, active-duty service members, and their families 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 Ames. Get Started

Refinance Your Home Loan in Ames with Mr. Cooper

Besides new home loans, Mr. Cooper also provides mortgage refinancing in Ames. 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 may have a shorter loan term, a better interest rate, or both. Generally speaking, the objective of refinancing is to get a lower interest rate and decrease your monthly payment (so you can spend more time and money making your Ames home just the way you want it!).

There are a few different ways you can refinance your home loan. 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 college tuition or home improvements. This type of refinancing also allows for debt consolidation, since you can use equity from your home to tap into cash and pay down medical bills, car loans, or credit card debt.^ The right refinance option is a phone call away. Contact Mr. Cooper in Ames to learn more about refinancing today.

Selling or Buying a House in Ames with Mr. Cooper

Buying a house in Ames, IA? Then you'll probably want to get prequalified for a home loan — along with some professional guidance for how to buy a house in Ames. Despite Iowa'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’ll help you determine how much house you can realistically afford to purchase. Then, we can help you get prequalified to buy a home in Ames and recommend you to our affiliate to locate a good real estate agent near you.* Last but not least, Mr. Cooper can help you secure a home loan that aligns with your financial situation and accelerates your home ownership journey. Think of Mr. Cooper as your ally, from home search to closing on your loan.

Preparing to sell a home in Ames, IA? Mr. Cooper can help you there, too. We understand the challenges that come with selling a home in Ames, especially when you're trying to do it for the first time. As a seller, you'll get in-depth marketing and sales insight 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 Ames to learn more.

Mr. Cooper is here to help you on your journey to home ownership. Give us a call for more information about refinancing, home loans, and selling or buying a house in Ames. We're your ally.

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