Have You Met Mr. Cooper in Shakopee, MN?
We're a home loan company in Minnesota that values people over paperwork. As our business has evolved over the years, our company name has, too. We adopted the name "Mr. Cooper" in August 2017. Before that, we went by the name Nationstar Mortgage in Minnesota. The switch signified more than a company name change. We overhauled our business to serve you better. First, we ended all online transaction fees. We even revamped the customer experience and added special services to help you out whether you're buying, shopping, or just living in your home. Then and now, we're here to serve you.
Prequalify for a Mortgage in Shakopee, MN with Mr. Cooper
Looking to become a homeowner? It's the perfect time to do so. As one of the nation's largest home loan servicers, Mr. Cooper is ready to assist you in your journey to becoming a homeowner. Mr. Cooper in Shakopee can be your home loan ally, whether you're looking for a conventional home loan, a Federal Housing Administration loan (FHA), or a VA loan. You can do so much with Mr. Cooper in Shakopee — including learn more about mortgage rates, credit scores, and budgeting.
We understand that getting a mortgage can seem puzzling, and even more so when you're a first-time home buyer in Shakopee, MN. Give us a call to see how it applies to you. Until then, here's what you need to know to get started.
Conventional loans are a popular choice for Shakopee home buyers and are actually one of the most common mortgage options. These are loans that are not insured by the federal government. Private lenders like Mr. Cooper back conventional loans, where the government backs other home loan types. Some advantages of a conventional loan could include various term lengths and favorable interest rates.
Depending on your situation, you may want to consider another type of home loan that's available to many Shakopee home buyers. It's called FHA. FHA loans are also called Federal Housing Administration loans. They're backed by the U.S. government. FHA loans are known for having more flexible credit qualifications and lesser down payments than conventional loans. Ask Mr. Cooper about FHA loan requirements in Shakopee today.
VA home loans are only available to service members, veterans, and their spouses. If you're trying to buy a home in Shakopee as a veteran, surviving spouse, or an active-duty service member, you could qualify for a VA loan. At Mr. Cooper, it's our privilege to serve veterans and help them 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 Shakopee. Get Started
Mr. Cooper Mortgage Refinancing in Shakopee, MN
In addition to new home loans, Mr. Cooper also offers mortgage refinancing in Shakopee. 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 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 obtain a lower interest rate and reduce your monthly payment (so you can spend more money on making memories and building a life in your Shakopee home!).
Similar to how there are different options for new home loans, there are also different options for refinancing. One option is to refinance to get a better interest 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 improvements or college tuition.† 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 medical bills, car loans, or credit card debt.^ The right refinance option is a phone call away. Contact Mr. Cooper in Shakopee to learn more about refinancing today.
Buying a House in Shakopee with Mr. Cooper
Are you ready to buy a house in Shakopee, 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 Shakopee. Minnesota's real estate market ebbs and flows. Despite the constant change, Mr. Cooper mortgage professionals always have the most up-to-date insights. Mr. Cooper mortgage professionals will help simplify your home-buying experience in a few ways: First, we’ll help you determine how much house you can realistically afford to purchase. Then, we can help you get prequalified to buy a home in Shakopee. Last but not least, Mr. Cooper can help you get a home loan that satisfies your financial needs and accelerates your home ownership journey. Consider Mr. Cooper your ally, from open house to closing day. [content-title-10] Turn to Mr. Cooper Customer Service in Shakopee, MN
Contact Mr. Cooper Customer Service for Help in Shakopee, MN
As your partner in the homeownership journey, we remain committed to serving you. So feel free to reach out to Mr. Cooper customer service in whatever way is most convenient for you. Call, sign in to our secure online message center, send an email, message us on our social media channels, or send us a letter in the mail. Contacting Mr. Cooper is a breeze, whether you need to complete a transfer of ownership, make a payment, learn about refinancing, or ask a quick question.
- † 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.