Contact Mr. Cooper in Somerset, KY

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Prequalify for a Mortgage in Somerset, KY with Mr. Cooper

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. Mr. Cooper in Somerset can be your home loan ally, whether you're looking for a conventional home loan, a Federal Housing Administration loan (FHA), or a VA loan. Mr. Cooper in Somerset can help you do so much — even learn more about your credit score and finances in general.

We know getting a mortgage can feel overwhelming, especially if you're a first-time home buyer in Somerset, KY. Call a Mr. Cooper mortgage professional for one-on-one guidance. Here's what you need to know in the meantime.

Conventional loans are a popular choice for Somerset home buyers and are actually one of the most common mortgage options. The federal government does not insure these loans. Private lenders like Mr. Cooper back conventional loans, where the government backs other home loan types. Some benefits of a conventional loan could include various term lengths and favorable interest rates.

Depending on your situation, you may want to consider another type of home loan that's available to many Somerset 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. Learn more about FHA loan requirements in Somerset with Mr. Cooper.

Only service members, veterans, and their spouses can receive a VA home loan. If you're trying to buy a home in Somerset as an active-duty service member, a veteran, or a surviving spouse, you may be eligible for a VA loan. At Mr. Cooper, we support our country's veterans, active-duty service members, and their families. It's our privilege to help every one of them become homeowners. Because this type of home loan is so unique, we encourage you to call Mr. Cooper for more information about VA loans in Somerset. Get Started

Mr. Cooper Refinancing in Somerset

In addition to new home loans, Mr. Cooper also offers mortgage refinancing in Somerset. 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 could come with a shorter loan term, a more favorable interest rate, or both. Generally speaking, the goal of refinancing is to get a lower interest rate and decrease your monthly payment (so you can spend more time and money making your Somerset home just the way you want it!).

Like new home loans, there are a couple of different ways to refinance. There's refinancing to get a more favorable interest rate or loan term. There's also cash-out refinancing, which allows homeowners who want to leverage equity they have built in their home as cash to pay for home improvements or college tuition.† 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 Somerset to learn more about refinancing today.

Buying or Selling a Home in Somerset with Mr. Cooper

Buying a house in Somerset, KY? Then you'll probably want to get prequalified for a home loan — along with some professional guidance for how to buy a house in Somerset. Despite Kentucky's ever-changing real estate market, Mr. Cooper mortgage professionals are always equipped with the latest insights. How can a Mr. Cooper mortgage professional help streamline your home-buying journey? We can help in a few ways: First, we’ll help you determine how much house you can realistically afford to purchase. Next, we can help you prequalify for a mortgage in Somerset and introduce you to our affiliate to find a dependable real estate agent.* Lastly, Mr. Cooper can help you get a home loan that satisfies your financial needs and furthers your journey toward home ownership. From open house to closing day, Mr. Cooper is your ally.

Are you researching how to sell a house in Somerset, KY? Mr. Cooper has your back there, too. We understand the challenges that come with selling a home in Somerset, particularly if it's your first time doing it. As a seller, you'll get in-depth marketing and sales insight at a great value. And as a buyer, you could be eligible for a special credit at closing and gain access to thousands of listings.** Ask about the Mr. Cooper Real Estate Rewards program in Somerset to learn more.

Mr. Cooper is here to be your advocate on your homeowner journey. Call today for more information about applying for a home loan, refinancing an existing loan, or buying or selling a home in Somerset. We're your ally.

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