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 the nation's third-largest home loan servicer 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.
When You Already Have a Mr. Cooper Mortgage in Eden Prairie
As a current homeowner, your needs are different than someone who's on the hunt for a house or who's trying to sell one. Visit the Support Center when you have questions or need help servicing your loan. There's helpful info about payoffs, statements, insurance, and taxes. Speaking of taxes...have you ever met a homeowner who enjoyed paying property taxes? The chances are slim! That's why escrow accounts are convenient. They aren’t always required, though. Learn more about escrow in the Support Center. As a current Mr. Cooper mortgage holder in Eden Prairie, you fund 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. Reach out today if you have questions about your property taxes or Eden Prairie tax statements. Mr. Cooper mortgage professionals are here to help you.
Help with Mr. Cooper Mortgage Deferral in Eden Prairie
Perhaps you started your homeownership journey without a single hiccup, but now things look different. Due to illness, an unexpected bill, or a big life change, you've found it challenging to keep up with your mortgage payments. It can happen, and Mr. Cooper can help with a mortgage assistance solution that's right for your needs. You may already have heard about one option: mortgage deferral. A mortgage deferment is the temporary suspension of mortgage payments. This route offers short-term relief when you're trying to recover from one of life's many curve balls. With that said, a mortgage deferral isn't the only choice for making mortgage payments more workable. Reach out to Mr. Cooper the moment you begin having trouble making your mortgage payments, even if you think you need a "Nationstar deferral." The sooner you let us know you need help, the faster we can respond with a solution. We’ve helped many homeowners who are in search of Mr. Cooper or Nationstar deferrals.
Mr. Cooper Can Help You Buy a Home in Eden Prairie
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 get preapproved for a mortgage in Eden Prairie. While others are ready to apply for a home loan and close as soon as possible! Whatever your unique needs and goals are, Mr. Cooper's home buyer program in Eden Prairie is here to make them a reality. Talk to 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.