Prequalify for a Mortgage in Ferndale, MD with Mr. Cooper
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 Ferndale 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. You can do so much with Mr. Cooper in Ferndale — including learn more about mortgage rates, credit scores, and budgeting.
We understand that getting a mortgage can seem puzzling, and even more so when you're a first-time home buyer in Ferndale, MD. Mr. Cooper can explain how everything applies to your situation. Just give us a call. Here's what you need to know in the meantime.
Conventional loans are a popular mortgage option for Ferndale home buyers. These are loans that are not insured by the federal government. Instead, conventional loans are backed by private lenders like Mr. Cooper. Some benefits 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 Ferndale home buyers. It's called FHA. FHA loans, or Federal Housing Administration loans, are backed by the government. FHA loans are known for having more flexible credit qualifications and lesser down payments than conventional loans. Ask Mr. Cooper about FHA loan requirements in Ferndale today.
Only service members, veterans, and their spouses can receive a VA home loan. If you're trying to buy a house in Ferndale and you're 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. Due to the uniqueness of this home loan option, we encourage you to call a Mr. Cooper mortgage professional to learn more about VA loans in Ferndale. Get Started
Refinance Your Home Loan in Ferndale with Mr. Cooper
In addition to new home loans, Mr. Cooper also offers mortgage refinancing in Ferndale. 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. Most of the time, the purpose of refinancing is to obtain a lower interest rate and decrease your monthly payment (so you can spend more time and money making your Ferndale home just the way you want it!).
Similar to how there are different options for new home loans, there are also different options for refinancing. For one, you can refinance for a more favorable loan term or interest rate. 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 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 car loans, credit card debt, or medical bills.^ Mr. Cooper in Ferndale can help you learn more about refinancing and choose the right refinance option for your situation.
Buy or Sell a House in Ferndale with Mr. Cooper's Help
Getting ready to buy a home in Ferndale, 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 Ferndale. Maryland's real estate market ebbs and flows. Despite the constant change, Mr. Cooper mortgage professionals always have the most up-to-date insights. Your Mr. Cooper mortgage professional can help smooth out the home-buying process in a couple of ways: First, we’ll help you determine how much house you can realistically afford to purchase. Then, we can walk you through getting prequalified to buy a home in Ferndale and introduce you to our affiliate to find a dependable real estate agent.* Last but not least, Mr. Cooper can help you secure a home loan that meets your financial needs and advances your dream of being a homeowner. Consider Mr. Cooper your ally, from open house to closing day.
Are you researching how to sell a house in Ferndale, MD? Mr. Cooper can help you there, too. We understand the challenges that come with selling a home in Ferndale, whether you're trying to sell a home for the first or fifteenth time. As a seller, you'll get comprehensive marketing and sales service at a great value. And as a buyer, you'll have access to thousands of home listings and might qualify for a Buyer's Bonus Credit at closing.** Ask about the Mr. Cooper Real Estate Rewards program in Ferndale to learn more.
Mr. Cooper is here to be your advocate on your homeowner journey. Call today for more information about home loans, refinancing, and buying or selling a home in Ferndale. We’ve got your back.
- The Purchase Pro program is not available in AK, IA, KS, LA, MS, MO, OK, OR and TN.
- ** Listing commissions may vary by transaction and through negotiation.
- Mr. Cooper Real Estate Rewards is a service mark of Nationstar Mortgage LLC.