Mr. Cooper Serves Prior Lake, MN

Busy? Have us call you back. Call Me Back

More Information

Prequalify for a Mortgage in Prior Lake, MN with Mr. Cooper

Looking to become a homeowner? It's the perfect time to do so. As the nation's third-largest home loan servicer, 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 Prior Lake — including learn more about mortgage rates, credit scores, and budgeting.

We know that getting a mortgage can be complicated, particularly when you're a first-time home buyer in Prior Lake, MN. Give us a call to see how it applies to you. Here's what you need to know in the meantime.

Conventional loans are a popular choice for Prior Lake home buyers and are actually one of the most common mortgage options. The federal government does not insure these loans. Private lenders like Mr. Cooper back conventional loans, where the government backs other home loan types. A couple of key benefits of a conventional loan may include various term lengths and favorable interest rates.

FHA is another home loan type that may be available to you as a Prior Lake 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. Learn more about FHA loan requirements in Prior Lake with Mr. Cooper.

VA home loans are only available to service members, veterans, and their spouses. If you're trying to buy a house in Prior Lake and you're a veteran, active-duty service member, or surviving spouse, you could be eligible 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 Prior Lake. Get Started

Mr. Cooper Mortgage Refinancing in Prior Lake

Mr. Cooper offers mortgage refinancing in Prior Lake in addition to new home loans. 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 purpose of refinancing is to obtain a lower interest rate and decrease your monthly payment (so you can invest more money in making memories in your Prior Lake house!).

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 home remodeling or higher education. 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 car loans, credit card debt, or medical bills.^ Mr. Cooper in Prior Lake can help you learn more about refinancing and choose the right refinance option for your situation.

Selling or Buying a House in Prior Lake with Mr. Cooper

Buying a house in Prior Lake, MN? Then you'll probably want to get prequalified for a home loan — along with some professional guidance for how to buy a house in Prior Lake. 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, we can help you estimate how much house you can afford. Then, we can help you get prequalified to buy a home in Prior Lake and connect you with our affiliate to find a reliable real estate agent.* Finally, 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.

Preparing to sell a home in Prior Lake, MN? Mr. Cooper can help you there, too. We know the obstacles that come with selling a house in Prior Lake, especially when you're trying to do it for the first time. As a seller, you'll receive extensive sales and marketing service at a great value. And as a buyer, you'll gain access to thousands of new listings and could be eligible for a special credit at closing.** Ask about the Mr. Cooper Real Estate Rewards program in Prior Lake to learn more.

Mr. Cooper is here to be your advocate on your homeowner journey. Contact us to learn more about applying for a home loan, refinancing an existing loan, or buying or selling a home in Prior Lake. We’ve got your back.

What’s Your Goal?

We're here to support you on the path to home ownership.

Get the facts about refinancing, buying or selling a home, consolidating debt, and more. Mr. Cooper is here for you.