Contact Mr. Cooper in Shakopee, MN

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Prequalify for a Mortgage in Shakopee, 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 Shakopee — including learn more about mortgage rates, credit scores, and budgeting.

We understand that getting a mortgage can seem puzzling, especially if you're a first-time home buyer in Shakopee, MN. Mr. Cooper can explain how everything applies to your situation. Just give us a call. Here's what you need to know in the meantime.

Conventional loans are a popular choice for Shakopee home buyers and are actually one of the most common mortgage options. These loans are not federally insured. 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 might include favorable interest terms and various term lengths.

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, or Federal Housing Administration loans, are backed by the government. An FHA loan can have more flexible credit requirements and typically allows for a lesser down payment than a conventional loan. Learn more about FHA loan requirements in Shakopee with Mr. Cooper.

VA home loans aren't available to everyone. You must be an active duty service member, a veteran, or a surviving spouse of a veteran to apply. If you're trying to buy a house in Shakopee and you're an active-duty service member, a veteran, or a surviving spouse, you may 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. Due to the uniqueness of this home loan option, we encourage you to call a Mr. Cooper mortgage professional to learn more about VA loans in Shakopee. Get Started

Mr. Cooper Mortgage Refinancing in Shakopee

In addition to new home loans, Mr. Cooper also offers mortgage refinancing in Shakopee. 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 may have a shorter loan term, a better interest rate, or both. Most of the time, the objective of refinancing is to get a lower interest rate and cut down your monthly payment (so you can spend more money on making memories and building a life in your Shakopee home!).

Like new home loans, there are a couple of different ways to refinance. One option is to refinance to get a better interest or loan term. There's also cash-out refinancing, which allows homeowners who want to leverage equity they have built in their home as cash to pay for college tuition or home improvements. 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 credit card debt, medical bills, or auto loans.^ Mr. Cooper in Shakopee can help you learn more about refinancing and choose the right refinance option for your situation.

Buying or Selling a Home in Shakopee with Mr. Cooper

Are you ready to buy a house in Shakopee, MN? Then you may want to start by seeking professional guidance for how to buy a house in Shakopee and get prequalified for a mortgage 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. Your Mr. Cooper mortgage professional can help smooth out the home-buying process in a couple of ways: First, we’ll help you determine how much house you can realistically afford to purchase. Next, we can help you prequalify for a mortgage in Shakopee and recommend you to our affiliate to locate a good real estate agent near you.* Lastly, Mr. Cooper can help you secure a home loan that aligns with your financial situation and advances your dream of being a homeowner. Consider Mr. Cooper your ally, from open house to closing day.

Preparing to sell a home in Shakopee, MN? Mr. Cooper can help you there, too. We're aware of the difficulties that come with selling a home in Shakopee, particularly if it's your first time doing it. As a seller, you'll get comprehensive marketing and sales 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 Shakopee to learn more.

Mr. Cooper is here to help you on your journey to home ownership. Contact us to learn more about home loans, refinancing, and buying or selling a home in Shakopee. We’ve got your back.

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