Why Choose Mr. Cooper in Kensington, MD?

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Mr. Cooper Mortgages in Kensington, MD

Ready to make your home ownership dreams come true? Let's do it. As the nation's third-largest home loan servicer, Mr. Cooper is ready to assist you in your journey to becoming a homeowner. Mr. Cooper in Kensington can be your home loan ally, whether you're searching for a conventional home loan, a Federal Housing Administration loan (FHA), or a VA loan. There’s a lot you can do with Mr. Cooper in Kensington — including learning more about finances in general and learning about your credit score.

We know getting a mortgage can feel overwhelming, and even more so when you're a first-time home buyer in Kensington, MD. Give us a call to see how it applies to you. In the meantime, here’s what you need to know.

Conventional loans are a popular choice for Kensington home buyers and are actually one of the most common mortgage options. 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 might include various term lengths and favorable interest rates.

As a Kensington home buyer, you might be eligible for FHA financing, another type of home loan. FHA loans are also called Federal Housing Administration loans. They're backed by the U.S. government. An FHA loan can have more flexible credit requirements and typically allows for a lesser down payment than a conventional loan. Learn more about FHA loan requirements in Kensington with Mr. Cooper.

VA home loans aren't available to everyone. You must be an active duty service member, a veteran, or a surviving spouse of a veteran to apply. If you're getting ready to buy a home in Kensington and are a veteran, surviving spouse, or an active-duty service member, you could qualify 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. Since this loan option is so unique, we invite you to call Mr. Cooper to learn more about qualifying for a VA loan in Kensington. Get Started

Mr. Cooper Refinancing in Kensington

Besides new home loans, Mr. Cooper also provides mortgage refinancing in Kensington. 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 purpose of refinancing is to secure a lower interest rate and cut down your monthly payment (so you can spend more money on making memories and building a life in your Kensington home!).

There are a few different ways you can refinance your home loan. For one, you can refinance for a more favorable loan term or interest rate. Cash-out refinancing is another option.† It allows homeowners who want to leverage their home's equity as cash to invest in things like home improvements or college tuition.† Cash-out refinancing can also be a way to consolidate debt, since you can tap into your home's equity and use the cash to pay down medical bills, car loans, or credit card debt.^ Whatever your situation, Mr. Cooper in Kensington can help you learn more about refinancing and choose the right refinance option.

Buying or Selling a Home in Kensington with Mr. Cooper

Getting ready to buy a home in Kensington, 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 Kensington. The real estate market in Maryland is always changing, and Mr. Cooper mortgage professionals are equipped with the most up-to-date information. How can a Mr. Cooper mortgage professional help streamline your home-buying journey? We can help in a few ways: First off, we can help you calculate how much house you can afford to buy. Next, we can help you prequalify for a mortgage in Kensington and connect you with our affiliate to find a reliable real estate agent.* Finally, Mr. Cooper can help you secure a home loan that meets your financial needs and accelerates your home ownership journey. From open house to closing day, Mr. Cooper is your ally.

Selling a house in Kensington, MD? Mr. Cooper can help you there, too. We're aware of the challenges that come with selling a home in Kensington, especially when you're trying to do it for the first time. As a seller, you'll get in-depth marketing and sales insight at an exceptional value. And as a buyer, you'll gain access to thousands of new listings and could be eligible for a special credit at closing.** Ask about the Mr. Cooper Real Estate Rewards program in Kensington 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 Kensington. We’ve got your back.

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Get the facts about refinancing, buying or selling a home, consolidating debt, and more. Mr. Cooper is here for you.