Mr. Cooper Home Loans in St. Matthews, KY
Mr. Cooper here to ally with you in St. Matthews, KY as you plan your next home purchase. As a top-20 home lender and the third-largest home loan servicer in the country, we have the background to help you evaluate your loan options and chart a path for home buying success.
Work with a Mr. Cooper mortgage professional and you can get a customized strategy for approaching your home loan journey — one that will help you walk confidently. We can help you understand everything from how much house you can afford to what today's mortgage rates are in St. Matthews. Our mortgage professionals start by evaluating your financial situation and where you are in life. From there, they compile a targeted plan to help you get the best mortgage option for you. Keep reading to learn more about different home mortgages and call one of Mr. Cooper's mortgage professionals in St. Matthews to start your journey. You can begin the pre-qualification process today. Get Started
What to Know About FHA Loans in St. Matthews, 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. 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. 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.
In the St. Matthews area, Mr. Cooper has seen FHA loans increase in popularity alongside the rise of rental costs and student loan debt — two things that can make it difficult to put away money for a down payment. Another benefit to FHA loans is that they're often accessible to borrowers with lower credit scores. Wherever you are on your journey, Mr. Cooper can help you weigh the pros and cons of FHA loans and determine the best financing route for you.
Could You Get a VA Loan in St. Matthews?
America's service men and women, veterans, and their spouses deserve the absolute best. Mr. Cooper can lend their expertise in helping you get qualified for a VA home loan in St. Matthews if you think you might be eligible for one. Contact Mr. Cooper if you're starting the home buying process in St. Matthews and you could be eligible for a VA loan. This type of financing has many benefits and can make the home buying process simpler. VA loans offer lower rates when compared to the overall mortgage landscape. You may not be required to put down a down payment, either. Checking your VA eligibility for a VA loan in St. Matthews is quick and easy with a Mr. Cooper professional guiding you through the application process.
When to Consider Mr. Cooper Jumbo Loans in St. Matthews
Jumbo loans are a good match for many homebuyers in St. Matthews. 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'd like to use a jumbo loan to buy a home in St. Matthews, you will most likely require a larger loan amount that surpasses conventional loan limits. Contact Mr. Cooper for more information on jumbo loan eligibility in St. Matthews.
Mr. Cooper Can Help You Buy a Home in St. Matthews
Mr. Cooper's family of mortgage professionals is ready to help you buy a house in St. Matthews. However, we know that looks different for everyone. Some people just want to check mortgage rates in St. Matthews. Others want to get preapproved for a mortgage in St. Matthews. And still others can't wait to pack their moving boxes and close on a home as soon as possible! No matter what you're looking for, Mr. Cooper's home buyer program in St. Matthews can help you find it. Reach out to a mortgage professional now.
- 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.