Types of Mr. Cooper Home Loans in Auburn Hills, MI
Mr. Cooper is here to walk alongside you in your homeownership journey in Auburn Hills, MI. As the nation's third-largest home loan servicer and a top-20 home lender, we have the training and expertise to help you understand your loan options and finalize your home buying plan.
A Mr. Cooper mortgage professional can create a personalized strategy that will help you get smarter about your home loan options. We can help you understand what today's mortgage rates are in Auburn Hills, how much house you can afford, and also get prequalified for a mortgage in Auburn Hills. 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. Keep reading to learn more about different home mortgages and contact a Mr. Cooper mortgage professional in Auburn Hills to get started. You can begin the pre-qualification process today. Get Started
What to Know About FHA Loans in Auburn Hills, MI
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. Close to 1 in 5 of all home buyers rely on this government-issued loan type. 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%, which is a great fit for many buyers who aren't eligible for a conventional loan.
Around Auburn Hills, Mr. Cooper has seen FHA loans increase in popularity alongside the rise of rental costs and student loan debt — two circumstances 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. Whatever your situation, Mr. Cooper can help you weigh the pros and cons of FHA loans and determine the best financing route for you.
Could You Get a VA Loan in Auburn Hills?
America's service men and women, veterans, and their spouses deserve the absolute 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 Auburn Hills. Contact Mr. Cooper if you're starting the home buying process in Auburn Hills and you could be eligible for a VA loan. This loan type can make the home buying process much easier in a couple of ways. VA loans offer lower rates when compared to the overall mortgage landscape. There’s also a chance that you may not be required to put down a down payment. Checking your VA eligibility for a VA loan in Auburn Hills is quick and easy with a Mr. Cooper professional guiding you through the application process.
Mr. Cooper Simplifies Jumbo Loans in Auburn Hills, Too
Jumbo loans are a good match for many homebuyers in Auburn Hills. A jumbo loan, or a jumbo mortgage, exceeds the limits of a conventional loan. Jumbo loans are made to help people refinance or buy higher-valued real estate and are often in the millions. If you’re interested in jumbo loans to buy a home in Auburn Hills, you most likely need larger loan amounts that exceed conventional loan limits. For more information on jumbo loan eligibility in Auburn Hills, contact Mr. Cooper.
Mr. Cooper Can Help You Buy a Home in Auburn Hills
Mr. Cooper's team of mortgage professionals is ready to guide you through your home buying journey in Auburn Hills. But we know that doesn't mean the same thing to everyone. Some people just want to know the latest mortgage rates in Auburn Hills. Others want to get preapproved for a mortgage in Auburn Hills. While others are ready to apply for a home loan and close as soon as possible! No matter what you're looking for, Mr. Cooper's home buyer program in Auburn Hills can help you find it. Contact a mortgage professional today.
- 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.