Who Is Mr. Cooper in Southfield, MI?
We're a Michigan home loan company that puts people first, not piles of paperwork. As our company has changed and advanced over the years, so has our name. We officially became "Mr. Cooper" in late 2017. Before that, you may have known us as Nationstar Mortgage in Michigan. This move went beyond a basic name change. We changed the way we did business for the better. How? First off, we got rid of all online transaction fees. We also enhanced the customer journey and added special services to help you out whether you're shopping, buying, or just enjoying the home you have. Then and now, we're here to serve you.
Mr. Cooper Mortgages in Southfield, MI
Looking to become a homeowner? It's the perfect time to do so. As one of the nation's largest home loan servicers, Mr. Cooper is ready to support you throughout your journey to home ownership. Mr. Cooper in Southfield 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. You can do so much with Mr. Cooper in Southfield — including learn more about mortgage rates, credit scores, and budgeting.
We know getting a mortgage can feel overwhelming, particularly when you're a first-time home buyer in Southfield, MI. Give us a call to see how it applies to you. With Mr. Cooper® Agent Assurance, we'll help you find a real estate agent you click with to make your homebuying journey stress-free. In the meantime, here’s what you need to know.
Conventional loans are one of the most common and popular mortgage options for home buyers in Southfield. These loans are not federally insured. Private lenders like Mr. Cooper back conventional loans, where the government backs other home loan types. Some benefits of a conventional loan may include numerous term lengths and agreeable interest rates.
As a Southfield home buyer, you might be eligible for FHA financing, another type of home loan. FHA loans are also called Federal Housing Administration loans. They're backed by the U.S. government. FHA loans are known for having more flexible credit qualifications and lesser down payments than conventional loans. Ask Mr. Cooper about FHA loan requirements in Southfield today.
Only service members, veterans, and their spouses can receive a VA home loan. If you're trying to buy a house in Southfield and you're 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 privilege to serve veterans and help them 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 Southfield. Get Started
Mr. Cooper Refinancing in Southfield, MI
In addition to new home loans, Mr. Cooper also offers mortgage refinancing in Southfield. 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 may have a shorter loan term, a better interest rate, or both. Most of the time, the objective of refinancing is to secure a lower interest rate and decrease your monthly payment (so you can spend more money on making memories and building a life in your Southfield home!).
Similar to how there are different options for new home loans, there are also different options for refinancing. There's refinancing to get a more favorable interest rate or loan term. Another option is cash-out refinancing.† This option lets homeowners leverage the equity they've built in their house as cash to pay for things like college tuition or home improvements. Cash-out refinancing can also be a method for debt consolidation, since you can also use equity from your home to tap into cash and pay down medical bills, car loans, or credit card debt.^ The right refinance option is a phone call away. Contact Mr. Cooper in Southfield to learn more about refinancing today.
Buying a House in Southfield with Mr. Cooper
Are you ready to buy a house in Southfield, MI? Then you'll probably want to get prequalified for a home loan — along with some professional guidance for how to buy a house in Southfield. Michigan'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, we’ll help you determine how much house you can realistically afford to purchase. Then, we can walk you through getting prequalified to buy a home in Southfield. We can also help you get connected with a real estate agent through the Mr. Cooper® Agent Assurance program. Finally, Mr. Cooper can help you get a home loan that satisfies your financial needs and advances your dream of being a homeowner. From open house to closing day, Mr. Cooper is your ally.
Need Help? Contact Mr. Cooper Customer Service in Southfield, MI
As your partner in the homeownership journey, we remain committed to serving you. So feel free to reach out to Mr. Cooper customer service in whatever way is most convenient for you. Sign in to our secure online message portal, email, call, or message us through a social media channel like Facebook. You can even send us a letter. Contacting Mr. Cooper is a breeze, whether you need to notify us that you've been awarded property through a divorce, make a payment, learn about refinancing, or ask a quick question.
RightMove Resources for Mr. Cooper Clients
You've found your all-in-one-toolkit for the home buying journey in Southfield with Mr. Cooper. Our Agent Assurance program makes sure you connect with a local agent you trust. StreetSmarts puts the latest home listings in Southfield right in your hands so you don't have to worry about missing your dream home. And on the off chance you don’t close on time, the Mr. Cooper Close On Time Guarantee means your first month's mortgage payment (principal and interest) is on us.* Make a local move of up to 50 miles and Mr. Cooper will even pay for your move.** That’s what we like to call friends helping friends.
- † 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.