Prequalify for a Mortgage in Lexington, MA 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 Lexington 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.
There’s a lot you can do with Mr. Cooper in Lexington — including learning more about finances in general and learning about your credit score.
We know that getting a mortgage can be complicated, and even more so when you're a first-time home buyer in Lexington, MA. Mr. Cooper can explain how everything applies to your situation. Just give us a call. In the meantime, here’s what you need to know.
Conventional loans are a popular mortgage option for Lexington home buyers. These loans are not federally insured. The government backs other home loan types, while private lenders like Mr. Cooper back conventional loans. Some advantages of a conventional loan could include numerous term lengths and agreeable interest rates.
FHA is another home loan type that may be available to you as a Lexington home buyer. 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. Learn more about FHA loan requirements in Lexington 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 trying to buy a home in Lexington as an active-duty service member, a veteran, or a surviving spouse, you may 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. Since this loan option is so unique, we invite you to call Mr. Cooper to learn more about qualifying for a VA loan in Lexington. Get Started
Mr. Cooper Mortgage Refinancing in Lexington
Besides new home loans, Mr. Cooper also provides mortgage refinancing in Lexington. Refinancing your home loan simply means paying off your current home loan and replacing it with a new one that better suits your financial needs. The new loan might come with a more favorable interest rate, a shorter loan term, or both. Most of the time, the purpose of refinancing is to get 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 Lexington home!).
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. 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 car loans, credit card debt, or medical bills.^ Whatever your situation, Mr. Cooper in Lexington can help you learn more about refinancing and choose the right refinance option.
Buy or Sell a House in Lexington with Mr. Cooper's Help
Buying a house in Lexington, MA? Then you'll probably want to get prequalified for a home loan — along with some professional guidance for how to buy a house in Lexington. Massachusetts's real estate market ebbs and flows. Despite the constant change, Mr. Cooper mortgage professionals always have the most up-to-date insights. 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. Then, we can help you get prequalified to buy a home in Lexington and recommend you to our affiliate to locate a good real estate agent near you.* Finally, Mr. Cooper can help you secure a home loan that meets your financial needs and furthers your journey toward home ownership. From open house to closing day, Mr. Cooper is your ally.
Preparing to sell a home in Lexington, MA? Mr. Cooper can help you there, too. We understand the challenges that come with selling a home in Lexington, especially when you're trying to do it for the first time. As a seller, you'll receive extensive sales and marketing service at a good 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 our Lexington Mr. Cooper Real Estate Rewards program to learn more.
Mr. Cooper is here to help you on your journey to home ownership. Give us a call for more information about refinancing, home loans, and selling or buying a house in Lexington. We're your ally.
- † A cash‐out refinance increases your mortgage debt and reduces the equity you may have in your home. Your monthly mortgage payments may be higher.
- ^ A debt consolidation refinance increases your mortgage debt, reduces equity, and extends the term on shorter‐term debt and secures such debts with your home. The relative benefits you receive from debt consolidation will vary depending on your individual circumstances. You should consider that a debt consolidation loan may increase the total number of monthly payments and the total amount paid over the term of the loan. To enjoy the benefits of a debt consolidation loan, you should not carry new credit card or high interest rate debt.
- * Buyer’s Bonus Credit (Xome Purchase Pro) Disclosure: Buyers may be eligible to receive a Buyer’s Bonus Credit/Xome Purchase Pro (“Credit”) equal to 15% of the buyer’s agent’s fee. The amount of the credit is based on commissions and determined by each agent. Credit will be documented in an agreement between agent and customer at the time of engagement. Credit must be disclosed to lender, seller, broker, appraiser, and other parties with an interest. Credit subject to written lender approval. Credit will be reflected in Purchase Agreement, Closing Disclosure, and other documents. Consult a tax professional regarding tax implications of Credit. Consult local broker for any state law requirements. Conditions: (a) Customer must complete purchase transaction using a Mr. Cooper Real Estate Rewards Agent; (b) Credit is subject to sales commission; (c) Credit is not available for properties marketed/listed through any auction process, including, www.xome.com; (d) Credit offer may be modified at any time via the Terms of Use but modifications will not apply to any transactions under contract; (e) Credit will be provided at the time of closing.
- Buyer’s Bonus Credit is not available in AK, IA, KS, LA, MS, MO, OK, OR & TN.
- ** Listing Commission Disclosure: Mr. Cooper Real Estate Rewards agents have agreed to 1.99% seller’s agent commission and recommend 2% buyer’s agent commission for a total listing commission of 3.99%. Buyer’s agent commission can be changed at seller’s discretion.
- Mr. Cooper Real Estate Rewards is offered by Xome. Inc., an affiliate of Mr. Cooper. Referrals to Xome may provide a financial benefit to Mr. Cooper. You are not required to use a real estate agent on the Xome panel as a condition of receiving a loan from Mr. Cooper, and such use will have no impact on any loan application to Mr. Cooper.
- This is an advertisement and not intended as a solicitation for agent representation if your property is currently listed with an agent. Visit Xome's licensing page https://www.xome.com/auctions/licensing.
- Xome Inc. & Xome CT LLC [Davis E. Owen, Sr.‐Broker] (for CT properties] & Xome PR LLC (for PR properties), 750 Hwy 121 BYP, Suite 100, Lewisville, TX 75067.
- Mr. Cooper Real Estate Rewards is a service mark of Nationstar Mortgage LLC.
- 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.
