Learn About Home Loans in Shrewsbury, MA
In Shrewsbury, planning a home purchase is easier when you have Mr. Cooper on your side. As the third-largest home loan servicer and a top-20 home lender in the country, we have the background 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 Shrewsbury, and also get pre-approved in Shrewsbury. Our mortgage professionals get to know your unique financial and living situation to come up with a strategic plan for securing the best mortgage for your needs. Keep reading to learn more about different home mortgages and call one of Mr. Cooper's mortgage professionals in Shrewsbury to start your journey. You could prequalify for a mortgage in no time. Get Started
Are You Eligible for an FHA Loan in Shrewsbury, MA?
A Federal Housing Administration (FHA) loan may be a good option for you if you’re looking for a loan with flexible credit requirements and a potentially lower down payment. About 1 in 5 of all homebuyers go with this type of government-insured loan. The loan program is primarily designed to help homebuyers who cannot afford the traditional 20% down payment that is often required by private lenders. The down payment can be as low as 3.5% and may be a perfect fit for buyers who can’t get a conventional loan.
In the Shrewsbury area, Mr. Cooper has seen FHA loans increase in popularity alongside the rise of rental costs and student loan debt — two things that can make it hard to save money for a large down payment. FHA loans can also be accessible to borrowers with less than perfect credit scores. No matter your circumstances, Mr. Cooper can help you weigh the pros and cons of FHA loans and determine the best financing route for you.
Mr. Cooper Can Be Your Guide to Shrewsbury VA Loans
There's no question about it. America's service members, veterans, and their spouses should receive the best. If you think you may be eligible for a VA loan, Mr. Cooper can share their knowledge to help you get approved for a VA home loan in Shrewsbury. Reach out to Mr. Cooper if you’re ready to buy a home in Shrewsbury and think that you might be eligible for a VA loan. This type of financing has many benefits and can make the home buying process simpler. Interest rates are often significantly lower than the broader mortgage market. There’s also a chance that you may not be required to put down a down payment. With a Mr. Cooper professional guiding you through the application process, checking your VA eligibility for a VA loan in Shrewsbury is quick and easy.
Mr. Cooper Simplifies Jumbo Loans in Shrewsbury, Too
Jumbo loans are a special financing option for some homebuyers in Shrewsbury. 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 Shrewsbury, you most likely need larger loan amounts that exceed conventional loan limits. For more information on jumbo loan eligibility in Shrewsbury, contact Mr. Cooper.
Buy a Home in Shrewsbury with Help from Mr. Cooper
Mr. Cooper's team of mortgage professionals is ready to guide you through your home buying journey in Shrewsbury. However, we know that looks different for everyone. Some people just want to check mortgage rates in Shrewsbury. Others want to get preapproved for a mortgage in Shrewsbury. While others are ready to speed through the loan application process and close on a home tomorrow! No matter what you're looking for, Mr. Cooper's home buyer program in Shrewsbury can help you find it. 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.