Special Offers From Mr. Cooper

Sorry, there are no offers available at this time. Check back soon!

Compare Ferndale, MI Home Loans

Ready to move? Let's do it. Compare home loans in Ferndale, MI with Mr. Cooper. We'll help you every step of the way.

Busy? Have us call you back. Call Me Back

More Information

On Your Way Toward a New Home Loan in Ferndale, MI

Homes aren't one size fits all structures. The same can be said for home loans in Michigan. Finding the right fit for you may require some comparison shopping! That’s where Mr. Cooper can help. Our goal is to keep the dream of homeownership alive starting with the loan process. We hope you'll keep reading for general details about picking your Ferndale home loan, but also reach out to Mr. Cooper professional with any mortgage questions you might have.

As you begin searching for home loans, double check your credit and work to get it in tip-top shape. A low credit score may mean you end up with a higher interest rate on your home loan. On the flip side, a higher credit rating can help you secure a better rate with your potential lender. Your credit score, financial state, and the timeframe you wish to make your move can all affect the type of loan that matches your needs. So, what options are out there for you?

What Types of Loans Are There in Ferndale, MI?

Ferndale home buyers have more than one type of home loan to choose from. There are: conventional loans, FHA loans, FHA streamline loans, VA loans, VA Interest Rate Reduction Loans (VA IRRRL), and high balance conforming loans. A conventional loans might be a good choice for you if your credit is healthy, your income and employment history are stable, and you're ready to make a down payment of as little as 3% depending on your situation.

FHA and VA loans are both types of government loans. Credit and salary/wage requirements tend to have different criteria than conventional loans. And if you're a veteran, active-duty service member or surviving spouse, you may be eligible to apply for a VA new home loan. Which home loan is right for you? A professional Mr. Cooper loan officer can help you compare loans and plan your next steps, depending on where you are on your journey.

Begin in Ferndale, MI with a Preapproval Letter

Talk to your lender about a Verified Approval Letter. Get one before you start shopping for homes in Ferndale to show that you're serious about buying a home. A Verified Approval Letter is evidence that the lender has reviewed your finances and has given you an estimate of how much you can buy. The letter can also carry more weight to sellers you can afford the home they’re selling. Give us a call today to chat about everything from your credit, possible loan options and your Verified Approval letter. Now is a great time for buying a home in Ferndale. What are you waiting for? Call now to get the super-smart help you want!

Mr. Cooper Reviews from Real Customers in Ferndale, MI

Read real stories from real Mr. Cooper home mortgage customers in Ferndale, MI. Then contact us to see what we can do for you.

Overall Rating

out of 5 stars ( customer reviews)

We're changing the face of home loans.

With Mr. Cooper, you can get pre-approved for a mortgage and get into a new home sooner.