Types of Mr. Cooper Home Loans in Owings, MD
In Owings, planning a home purchase is easier when you have Mr. Cooper on your side. As the nation's third-largest home loan servicer and a top-20 home lender, we have the training and expertise to help you evaluate your loan options and finalize your home buying plan.
A Mr. Cooper mortgage professional can design a custom strategy that will help you tackle the home loan process with confidence. We can help you figure out how much house you can afford, what mortgage rates might be in Owings, and also get pre-approved in Owings. Our mortgage professionals will evaluate your unique financial and living situation and will come up with a recommended plan for the best mortgage options that fit your needs. Learn more about various home mortgages below and contact a Mr. Cooper mortgage professional in Owings to get started. You could prequalify for a mortgage in no time. Get Started
Are You Eligible for an FHA Loan in Owings, 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 the Owings area, Mr. Cooper has seen FHA loans surge in popularity at the same time as student loan debt and rental prices — two circumstances that can make it hard to save money for a large 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 walk you through the ins and outs of FHA loans and figure out the best financing option for your needs.
Should You Pursue a VA Loan in Owings?
There's no question about it. America's service members, veterans, and their spouses should receive the 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 Owings. Connect with Mr. Cooper if you're looking to buy a home in Owings and want to learn more about VA loans. 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. You may not be required to put down a down payment, either. With a Mr. Cooper professional guiding you through the application process, checking your VA eligibility for a VA loan in Owings is quick and easy.
Mr. Cooper Simplifies Jumbo Loans in Owings, Too
Jumbo loans are a special financing option for some homebuyers in Owings. A jumbo loan, or a jumbo mortgage, exceeds the limits of a conventional loan. Jumbo loans are often in the millions and are designed to help people buy or refinance higher-valued real estate. If you’re interested in jumbo loans to buy a home in Owings, you most likely need larger loan amounts that exceed conventional loan limits. Call Mr. Cooper to learn more about jumbo loan eligibility in Owings.
Buy a Home in Owings with Help from Mr. Cooper
Mr. Cooper's family of mortgage professionals is ready to help you buy a house in Owings. But we know that doesn't mean the same thing to everyone. Some people just want to know the latest mortgage rates in Owings. Others want to learn how to get preapproved for a mortgage loan in Owings. While others are ready to apply for a home loan and close as soon as possible! Mr. Cooper's home buyer program in Owings exists to make your dreams a reality. 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.