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Compare Covington, KY Home Loans

For all your Covington home loan needs, call Mr. Cooper. We're your purchase and refinance partner in Kentucky.

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Get Started on Your Covington Home Loan Journey

Houses aren't one size fits all. The same can be said for home loans in Kentucky. Getting the best fit for you requires some loan-to-loan comparisons! That's where Mr. Cooper comes in. Our aim is to turn the homeownership journey into something that's less difficult and more enjoyable, starting with the mortgage loan process. We hope you'll keep reading for routine information about selecting a mortgage loan, but also contact a Mr. Cooper mortgage professional for any questions you may have.

As you start looking for loans, check your credit and try your best to improve your score. A low credit score could mean you'll have a higher interest rate on your mortgage loan. On the other hand, a strong credit score can help you secure a better rate with your potential lender. Your credit strength, finances, and and the timing in which you'd like to make your move can all impact the type of home loan that fits your needs. So, what's out there to choose from?

Different Types of Home Loans in Covington, KY

There are several different types of home loans available to Covington home buyers: conventional loans, FHA loans, FHA streamline loans, VA loans, VA Interest Rate Reduction Loans (VA IRRRL), and high balance conforming loans. A conventional loans might be a good choice for you if your income and employment history are stable, your credit is healthy, and you're going to make a down payment of at least 3% depending on your situation.

VA and FHA loans are both types of government loans. Credit and salary/wage requirements are often laid-back than conventional loans. Also, veterans, surviving spouses and active-duty service members may be eligible to apply for VA new home loans. Which one of these home loans is a good fit for you? A professional Mr. Cooper loan officer can help you compare loans and plan your next steps, depending on your stage in the journey.

Get a Preapproval Letter Before You Shop in Covington, KY

Talk to your lender about a Verified Approval Letter. Get one before you start shopping for homes in Covington to demonstrate that you really do intend to buy. A Verified Approval Letter shows that your lender has looked at all of your finances and communicated about how much you can buy. It can also show to sellers you can afford the home they’re selling. Give us a call now to talk about all things loan-related! We'll walk through everything from your potential loan options, credit score, and your Verified Approval letter. It could be the perfect season for you to buy a new house in Covington. Call now to get the super-smart help you want!

Mr. Cooper Reviews for Covington, KY

Take it from these happy Mr. Cooper mortgage customers in Covington, KY: We love helping homeowners. Call now to see how we can serve you.

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