Mr. Cooper Home Loans in Owensboro, KY
Mr. Cooper is here to walk alongside you in your homeownership journey in Owensboro, KY. As the nation's third-largest home loan servicer and a top-20 home lender, we have decades of experience 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 determine everything from how much house you can afford to what today's mortgage rates are in Owensboro. 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. Keep reading to learn more about different home mortgages and contact a Mr. Cooper mortgage professional in Owensboro to get started. You can begin the pre-approval process as soon as today! Get Started
Do You Qualify for an FHA Loan in Owensboro, KY?
A Federal Housing Administration (FHA) loan may be a good option for you if you’re looking for a loan with flexible credit requirements and a potentially lower down payment. About 1 in 5 of all homebuyers go with this type of government-insured loan. The loan system is specifically geared toward homebuyers who can't afford the typical 20% down payment that's usually required by private lenders. 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.
In the Owensboro area, Mr. Cooper has seen FHA loans increase in popularity alongside the rise of rental costs and student loan debt — two circumstances that can make it difficult to put away money for a down payment. FHA loans can also be accessible to borrowers with less than perfect credit scores. Wherever you are on your journey, Mr. Cooper can walk you through the ins and outs of FHA loans and figure out the best financing option for your needs.
Could You Get a VA Loan in Owensboro?
America's service men and women, veterans, and their spouses deserve the absolute best. If you think you may be eligible for a VA loan, Mr. Cooper can share their knowledge to help you get approved for a VA home loan in Owensboro. Contact Mr. Cooper if you're starting the home buying process in Owensboro and you could be eligible for a VA loan. This loan type can make the home buying process much easier in a couple of ways. Many times, interest rates are substantially lower than the rest of the mortgage market. 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 Owensboro is quick and easy.
Mr. Cooper Also Offers Jumbo Loans in Owensboro
Jumbo loans are a special financing option for some homebuyers in Owensboro. A jumbo loan, or a jumbo mortgage, exceeds the limits of a conventional loan. Jumbo loans are often in the millions and are designed to help people buy or refinance higher-valued real estate. If you're curious about using a jumbo loan to buy a house in Owensboro, you'll probably need larger loan amounts that surpass conventional loan limits. For more information on jumbo loan eligibility in Owensboro, contact Mr. Cooper.
Buy a House in Owensboro with Help from Mr. Cooper
Mr. Cooper's team of mortgage professionals is ready to guide you through your home buying journey in Owensboro. However, we know that looks different for everyone. Some people just want to know the latest mortgage rates in Owensboro. Others can't wait to prequalify for a mortgage in Owensboro. 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 Owensboro is here to make them a reality. 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.