Learn About Home Loans in Eden Prairie, MN
Mr. Cooper is here to walk alongside you in your homeownership journey in Eden Prairie, MN.
As one of the nation's largest home loan servicers and a top-20 home lender,
we have the background
to help you navigate your loan options and
finalize your home buying plan.
A Mr. Cooper mortgage professional can design a custom strategy that will help you tackle the home loan process with confidence. We can help you figure out how much house you can afford, what mortgage rates might be in Eden Prairie, and also get pre-approved in Eden Prairie. 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. Learn more about various home mortgages below and contact Mr. Cooper in Eden Prairie to take the first step toward reaching your goal. You can begin the pre-approval process as soon as today! Get Started
Are You Eligible for an FHA Loan in Eden Prairie, MN?
If you’re looking for a loan with flexible credit requirements and a potentially lower down payment, a Federal Housing Administration (FHA) loan may be a good option for you. About 1 in 5 of all homebuyers go with this type of government-insured loan. The loan program largely caters to homebuyers who cannot afford the usual 20% down payment that many private lenders require. The down payment can be as low as 3.5% and may be a perfect fit for buyers who can’t get a conventional loan.
In Eden Prairie, Mr. Cooper has seen FHA loans surge in popularity at the same time as student loan debt and rental prices — 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. Wherever you are on your journey, 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 Eden Prairie?
There's no question about it. America's service members, veterans, and their spouses should receive the 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 Eden Prairie. Contact Mr. Cooper if you're starting the home buying process in Eden Prairie and you could be eligible for a VA loan. There are many benefits in this loan type that can make the home buying process a lot easier. Many times, interest rates are substantially lower than the rest of the mortgage market. There's also a possibility that you won't have to put down a down payment. Confirming your VA eligibility for a VA loan in Eden Prairie is fast and simple with a Mr. Cooper professional walking you through the application process.
Mr. Cooper Also Offers Jumbo Loans in Eden Prairie
Jumbo loans are a good match for many homebuyers in Eden Prairie. A jumbo loan, or a jumbo mortgage, goes beyond 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 Eden Prairie, you most likely need larger loan amounts that exceed conventional loan limits. Contact Mr. Cooper for more information on jumbo loan eligibility in Eden Prairie.
Buy a House in Eden Prairie with Help from Mr. Cooper
Mr. Cooper's team of mortgage professionals is ready to guide you through your home buying journey in Eden Prairie. But we know that doesn't mean the same thing to everyone. Some people are only interested in knowing today's mortgage rates in Eden Prairie. Others want to learn how to get preapproved for a mortgage loan in Eden Prairie. While others are ready to speed through the loan application process and close on a home tomorrow! No matter what you're looking for, Mr. Cooper's home buyer program in Eden Prairie can help you find it. Talk to a mortgage professional today.
Already Have a Mr. Cooper Mortgage in Eden Prairie?
You have different priorities in life when you're focused on enjoying your current home as opposed to someone who is looking to buy or sell a house. Make the Help Center the first place you go when you need help to take care of business. You'll find useful information about your mortgage statement, payment options, insurance, and even taxes. Since we mentioned it...let's talk about taxes for a minute. Ever met someone who enjoyed shelling out money for property taxes? Probably not. We haven't either! That's why escrow accounts are convenient. They aren’t always required, though. You can learn more about escrow in the Help Center, too. You may not realize it, but as a current Mr. Cooper mortgage holder in Eden Prairie, you place money in your escrow account on a monthly basis. Putting money in escrow is a little like putting money in a piggy bank. The money in your escrow account is then used to pay your Eden Prairie property taxes and insurance bills. Call or email us today if you want to learn more about your tax statements or Eden Prairie property taxes. Mr. Cooper customer service agents are here to help you.
What About Mr. Cooper Mortgage Deferrals in Eden Prairie?
Maybe you hit the ground running with Mr. Cooper, but now you've hit a roadblock. Due to a big life change, surprise bill, or unfortunate illness, you've found yourself behind on your mortgage payments. You're not alone, and Mr. Cooper can help with a mortgage assistance solution that's right for your needs. Mortgage deferral is one option you may have already heard about. Mortgage payments are temporarily suspended with a mortgage deferment. This solution can offer you short-term relief when you experience a temporary speed bump in life. With that said, mortgage deferral isn't the only way to reduce mortgage payment stress. Contact a Mr. Cooper customer service agent as soon as you start experiencing difficulties making mortgage payments, even if you think you need a "Nationstar deferral." The sooner you reach out, the sooner we can put together a plan for you. We've found solutions for plenty of homeowners looking for help with Mr. Cooper or Nationstar deferrals in Eden Prairie.
- 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.