Prequalify for a Mortgage in Eagan, MN with Mr. Cooper
Let's make your home ownership dreams a reality. As one of the nation's largest home loan servicers, Mr. Cooper is equipped to guide you through the home ownership process. Whether you want to learn more about conventional home loans, Federal Housing Administration loans (FHA), or VA loans, you can turn to Mr. Cooper. You can do so much with Mr. Cooper in Eagan — including learn more about mortgage rates, credit scores, and budgeting.
We know that getting a mortgage can be complicated, especially if you're a first-time home buyer in Eagan, MN. Mr. Cooper can explain how everything applies to your situation. Just give us a call. 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 Eagan. These are loans that are not insured by the federal government. The government backs other home loan types, while private lenders like Mr. Cooper back conventional loans. A couple of key benefits of a conventional loan could include favorable interest terms and various term lengths.
FHA is another home loan type that may be available to you as a Eagan home buyer. FHA loans, or Federal Housing Administration loans, are backed by the government. When compared to a conventional loan, an FHA loan generally has less restrictive credit requirements and often allows for a lesser down payment. Ask Mr. Cooper about FHA loan requirements in Eagan today.
Only service members, veterans, and their spouses can receive a VA home loan. If you're trying to buy a home in Eagan as a veteran, surviving spouse, or an active-duty service member, you could qualify for a VA loan. At Mr. Cooper, it's our honor to help our nation's veterans, active-duty service members, and their families 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 Eagan. Get Started
Mr. Cooper Refinancing in Eagan
Besides new home loans, Mr. Cooper also provides mortgage refinancing in Eagan. Refinancing your home loan means that you pay off your current home loan and replace it with a new one that can better meet your financial needs. The new loan might come with a more favorable interest rate, a shorter loan term, or both. A majority of the time, the goal of refinancing is to secure a lower interest rate and cut down your monthly payment (so you can invest more money in making memories in your Eagan house!).
There are a few different ways you can refinance your home loan. There's refinancing to get a more favorable interest rate or loan term. Cash-out refinancing is another option.† It allows homeowners who want to leverage their home's equity as cash to invest in things like home remodeling or higher education. Cash-out refinancing can also be a way to consolidate debt, since you can tap into your home's equity and use the cash to pay down car loans, credit card debt, or medical bills.^ Mr. Cooper in Eagan can help you learn more about refinancing and choose the right refinance option for your situation.
Selling or Buying a House in Eagan with Mr. Cooper
Getting ready to buy a home in Eagan, MN? Then you'll probably want to look into getting prequalified for a mortgage in Eagan and seek professional assistance for how to buy a home in Eagan. Minnesota's real estate market ebbs and flows. Despite the constant change, Mr. Cooper mortgage professionals always have the most up-to-date insights. Your Mr. Cooper mortgage professional can help smooth out the home-buying process in a couple of ways: First off, we can help you calculate how much house you can afford to buy. Then, we can walk you through getting prequalified to buy a home in Eagan. Lastly, Mr. Cooper can help you secure a home loan that aligns with your financial situation and accelerates your home ownership journey. From open house to closing day, Mr. Cooper is your ally.
Selling a house in Eagan, MN? Mr. Cooper can help you there, too. We understand the challenges that come with selling a home in Eagan, particularly if it's your first time doing it.
Mr. Cooper is here to keep the dream of home ownership alive for every customer — including you. Call today for more information about refinancing, home loans, and selling or buying a house in Eagan. We're your ally.
- † 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.