Why Choose Mr. Cooper in St. Paul, MN?

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Prequalify for a Mortgage in St. Paul, 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 ready to assist you in your journey to becoming a homeowner. Mr. Cooper in St. Paul 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. There’s a lot you can do with Mr. Cooper in St. Paul — including learning more about finances in general and learning about your credit score.

We know getting a mortgage can feel overwhelming, especially if you're a first-time home buyer in St. Paul, MN. Call a Mr. Cooper mortgage professional for one-on-one guidance. Here's what you need to know in the meantime.

Conventional loans are one of the most common and popular mortgage options for home buyers in St. Paul. 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 could include numerous term lengths and agreeable interest rates.

As a St. Paul home buyer, you might be eligible for FHA financing, another type of home loan. 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. Reach out to Mr. Cooper today to learn about FHA loan requirements in St. Paul.

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 St. Paul 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. 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 St. Paul. Get Started

Mr. Cooper Mortgage Refinancing in St. Paul

Mr. Cooper offers mortgage refinancing in St. Paul in addition to new home loans. Refinancing a home loan is simple. It means you pay off your existing home loan and replace it with a new one that's a better fit for your financial situation. 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 get a lower interest rate and decrease your monthly payment (so you can spend more time and money making your St. Paul home just the way you want it!).

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. 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. This type of refinancing also allows for debt consolidation, since you can use equity from your home to tap into cash and pay down medical bills, car loans, or credit card debt.^ Mr. Cooper in St. Paul can help you learn more about refinancing and choose the right refinance option for your situation.

Buy or Sell a House in St. Paul with Mr. Cooper's Help

Getting ready to buy a home in St. Paul, 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 St. Paul. The real estate market in Minnesota is always changing, and Mr. Cooper mortgage professionals are equipped with the most up-to-date information. Mr. Cooper mortgage professionals will help simplify your home-buying experience in a few ways: First off, we can help you calculate how much house you can afford to buy. Then, we can help you get prequalified to buy a home in St. Paul and recommend you to our affiliate to locate a good real estate agent near you.* Last but not least, Mr. Cooper can help you get a home loan that satisfies your financial needs and accelerates your home ownership journey. Think of Mr. Cooper as your ally, from home search to closing on your loan.

Preparing to sell a home in St. Paul, MN? Mr. Cooper can help you there, too. We're aware of the challenges that come with selling a home in St. Paul, particularly if it's your first time doing it. As a seller, you'll get in-depth marketing and sales insight at a great value. And as a buyer, you could be eligible for a special credit at closing and gain access to thousands of listings.** Ask about our St. Paul Mr. Cooper Real Estate Rewards program to learn more.

Mr. Cooper is here to keep the dream of home ownership alive for every customer — including you. Call today for more information about applying for a home loan, refinancing an existing loan, or buying or selling a home in St. Paul. We're your ally.

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