Types of Mr. Cooper Home Loans in Abingdon, MD
Mr. Cooper is here to walk alongside you in your homeownership journey in Abingdon, MD. As the third-largest home loan servicer and a top-20 home lender in the country, we have decades of experience to help you navigate 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 what today's mortgage rates are in Abingdon, how much house you can afford, and also get prequalified for a mortgage in Abingdon. 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. Learn more about various home mortgages below and call one of Mr. Cooper's mortgage professionals in Abingdon to start your journey. You can begin the pre-approval process as soon as today! Get Started
What to Know About FHA Loans in Abingdon, MD
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. This government-insured loan type is behind nearly 1 in 5 of all homebuyers. The loan program largely caters to homebuyers who cannot afford the usual 20% down payment that many private lenders require. 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 Abingdon, 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 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 help you weigh the pros and cons of FHA loans and determine the best financing route for you.
Should You Pursue a VA Loan in Abingdon?
America's service men and women, veterans, and their spouses deserve the absolute best. If you think you might be eligible for a VA loan, Mr. Cooper can lend our expertise in helping you get qualified for a VA home loan in Abingdon. Reach out to Mr. Cooper if you’re ready to buy a home in Abingdon and think that you might be eligible for a VA loan. There are many benefits in this loan type that can make the home buying process a lot easier. 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. Confirming your VA eligibility for a VA loan in Abingdon is fast and simple with a Mr. Cooper professional walking you through the application process.
Mr. Cooper Simplifies Jumbo Loans in Abingdon, Too
Jumbo loans are another option for some homebuyers in Abingdon. A jumbo loan, or a jumbo mortgage, goes beyond the limits of a conventional loan. Jumbo loans are designed to help people refinance or buy higher-valued real estate and are often millions of dollars. If you’re interested in jumbo loans to buy a home in Abingdon, you most likely need larger loan amounts that exceed conventional loan limits. Call Mr. Cooper to learn more about jumbo loan eligibility in Abingdon.
Mr. Cooper Can Help You Buy a Home in Abingdon
Mr. Cooper's family of mortgage professionals is ready to help you buy a house in Abingdon. But we know that doesn't mean the same thing to everyone. Some people just want to know the latest mortgage rates in Abingdon. Others want to get preapproved for a mortgage in Abingdon. 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 Abingdon is here to make them 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.