Why Choose Mr. Cooper in Drum Point, MD?

Busy? Have us call you back. Call Me Back

More Information

Why Choose Mr. Cooper Mortgages in Drum Point, MD?

Looking to become a homeowner? It's the perfect time to do so. 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 Drum Point 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 Drum Point 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 Drum Point, MD. Mr. Cooper can explain how everything applies to your situation. Just give us a call. Until then, here's what you need to know to get started.

Conventional loans are a popular mortgage option for Drum Point home buyers. These are loans that are not insured by the federal government. The government backs other home loan types, while private lenders like Mr. Cooper back conventional loans. Some advantages of a conventional loan could include favorable interest terms and various term lengths.

Depending on your situation, you may want to consider another type of home loan that's available to many Drum Point home buyers. It's called FHA. FHA loans are also called Federal Housing Administration loans. They're backed by the U.S. government. When compared to a conventional loan, an FHA loan generally has less restrictive credit requirements and often allows for a lesser down payment. Reach out to Mr. Cooper today to learn about FHA loan requirements in Drum Point.

Only service members, veterans, and their spouses can receive a VA home loan. If you're trying to buy a house in Drum Point and you're a veteran, active-duty service member, or surviving spouse, you could be eligible for a VA loan. At Mr. Cooper, it's our honor to help our nation's veterans, active-duty service members, and their families realize their dreams of home ownership. Because this type of home loan is so unique, we encourage you to call Mr. Cooper for more information about VA loans in Drum Point. Get Started

Mr. Cooper Mortgage Refinancing in Drum Point

In addition to new home loans, Mr. Cooper also offers mortgage refinancing in Drum Point. Refinancing your home loan means that you pay off your current home loan and replace it with a new one that can better meet your financial needs. The new loan may have a shorter loan term, a better interest rate, or both. A majority of the time, the goal of refinancing is to secure a lower interest rate and reduce your monthly payment (so you can spend more money on making memories and building a life in your Drum Point home!).

There are a few different ways you can refinance your home loan. One option is to refinance to get a better interest or loan term. Another option is cash-out refinancing.† This option lets homeowners leverage the equity they've built in their house as cash to pay for things like college tuition or home improvements. Cash-out refinancing can also be a method for debt consolidation, since you can also 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 Drum Point to learn more about refinancing today.

Selling or Buying a House in Drum Point with Mr. Cooper

Buying a house in Drum Point, MD? Then you'll probably want to get prequalified for a home loan — along with some professional guidance for how to buy a house in Drum Point. Despite Maryland's ever-changing real estate market, Mr. Cooper mortgage professionals are always equipped with the latest insights. Your Mr. Cooper mortgage professional can help smooth out the home-buying process in a couple of ways: First, we can help you estimate how much house you can afford. Then, we can walk you through getting prequalified to buy a home in Drum Point and recommend you to our affiliate to locate a good real estate agent near you.* Finally, Mr. Cooper can help you get a home loan that satisfies your financial needs and advances your dream of being a homeowner. Think of Mr. Cooper as your ally, from home search to closing on your loan.

Selling a house in Drum Point, MD? Mr. Cooper can help you there, too. We understand the challenges that come with selling a home in Drum Point, whether you're trying to sell a home for the first or fifteenth time. As a seller, you'll receive extensive sales and marketing service at an exceptional 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 Drum Point to learn more.

Mr. Cooper is here to keep the dream of home ownership alive for every customer — including you. Give us a call for more information about home loans, refinancing, and buying or selling a home in Drum Point. We’ve got your back.

What’s Your Goal?

We're changing the face of home loans.

Work with Mr. Cooper for no online transaction fees, friendly U.S.-based customer service, and a cutting-edge mobile app with more tools and info than you can imagine.