Mr. Cooper Home Loans in Bloomington, MN
Mr. Cooper is here to walk alongside you in your homeownership journey in Bloomington, MN. As the nation's third-largest home loan servicer and a top-20 home lender, we have decades of experience to help you understand your loan options and solidify your home buying plan.
Work with a Mr. Cooper mortgage professional and you can get a customized strategy for approaching your home loan journey — one that will help you walk confidently. We can help you figure out how much house you can afford, what mortgage rates might be in Bloomington, and also get pre-approved in Bloomington. Our mortgage professionals start by evaluating your financial situation and where you are in life. From there, they compile a targeted plan to help you get the best mortgage option for you. Read on to learn more about different home mortgage options and call one of Mr. Cooper's mortgage professionals in Bloomington to start your journey. You can begin the pre-approval process as soon as today! Get Started
Are You Eligible for an FHA Loan in Bloomington, MN?
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. This government-insured loan type is behind nearly 1 in 5 of all homebuyers. 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.
In Bloomington, Mr. Cooper has seen FHA loans increase in popularity alongside the rise of rental costs and student loan debt — two factors that can make it tough to save enough money for a down payment. Another perk to FHA loans is that they're usually available to borrowers with lower 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.
Should You Pursue a VA Loan in Bloomington?
There's no question about it. America's service members, veterans, and their spouses should receive the best. Mr. Cooper can lend their expertise in helping you get qualified for a VA home loan in Bloomington if you think you might be eligible for one. Connect with Mr. Cooper if you're looking to buy a home in Bloomington and want to learn more about VA loans. There are many benefits in this loan type that can make the home buying process a lot easier. 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 Bloomington is quick and easy.
Mr. Cooper Simplifies Jumbo Loans in Bloomington, Too
Jumbo loans are a good match for many homebuyers in Bloomington. 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 curious about using a jumbo loan to buy a house in Bloomington, you'll probably need larger loan amounts that surpass conventional loan limits. For more information on jumbo loan eligibility in Bloomington, contact Mr. Cooper.
Mr. Cooper Can Help You Buy a Home in Bloomington
Mr. Cooper's family of mortgage professionals is ready to help you buy a house in Bloomington. But we know that doesn't mean the same thing to everyone. Some people just want to know the latest mortgage rates in Bloomington. Others want to get preapproved for a mortgage in Bloomington. 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 Bloomington 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.