Learn About Home Loans in Lexington, KY
In Lexington, planning a home purchase is easier when you have Mr. Cooper on your side. As a top-20 home lender and the third-largest home loan servicer in the country, we have the training and expertise to help you evaluate your loan options and solidify your home buying plan.
A Mr. Cooper mortgage professional can create a personalized strategy that will help you get smarter about your home loan options. We can help you understand how much house you can afford, what mortgage rates might be in Lexington, and also get pre-approved in Lexington. 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 a Mr. Cooper mortgage professional in Lexington to get started. You can begin the pre-approval process as soon as today! Get Started
Do You Qualify for an FHA Loan in Lexington, KY?
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 system is specifically geared toward homebuyers who can't afford the typical 20% down payment that's usually required by private lenders. With a down payment that can be as low as 3.5%, an FHA loan can end up being a perfect match for buyers who aren't eligible for conventional loans.
Around Lexington, Mr. Cooper has seen FHA loans increase in popularity alongside the rise of rental costs and student loan debt — 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. Whatever your situation, Mr. Cooper can help you determine if an FHA loan is right for you. And if it's not, we'll help you find a different financing route.
Could You Get a VA Loan in Lexington?
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 Lexington if you think you might be eligible for one. Reach out to Mr. Cooper if you’re ready to buy a home in Lexington and think that you might be eligible for a VA loan. This loan type can make the home buying process much easier in a couple of ways. VA loans offer lower rates when compared to the overall mortgage landscape. 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 Lexington is quick and easy.
Mr. Cooper Also Offers Jumbo Loans in Lexington
Jumbo loans are another option for some homebuyers in Lexington. A jumbo mortgage, or a jumbo loan, surpasses 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 Lexington, you'll probably need larger loan amounts that surpass conventional loan limits. Contact Mr. Cooper for more information on jumbo loan eligibility in Lexington.
Buy a House in Lexington with Help from Mr. Cooper
Mr. Cooper's team of mortgage professionals is ready to guide you through your home buying journey in Lexington. But we know that means different things to different people. Some people are only interested in knowing today's mortgage rates in Lexington. Others can't wait to prequalify for a mortgage in Lexington. While others are ready to speed through the loan application process and close on a home tomorrow! Mr. Cooper's home buyer program in Lexington exists to make your dreams a reality. Talk to 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.