Learn About Home Loans in Affton, MO
In Affton, planning a home purchase is easier when you have Mr. Cooper on your side. As the nation's third-largest home loan servicer and a top-20 home lender, we have the training and expertise to help you evaluate your loan options and finalize your home buying plan.
A Mr. Cooper mortgage professional can create a personalized strategy that will help you get smarter about your home loan options. We can help you understand what today's mortgage rates are in Affton, how much house you can afford, and also get prequalified for a mortgage in Affton. Our mortgage professionals get to know your unique financial and living situation to come up with a strategic plan for securing the best mortgage for your needs. Keep reading to learn more about different home mortgages and contact a Mr. Cooper mortgage professional in Affton to get started. You can begin the pre-qualification process today. Get Started
What to Know About FHA Loans in Affton, MO
If you're searching for a loan with a potentially lower down payment and flexible credit requirements, you might want to consider a Federal Housing Administration (FHA) loan. This government-insured loan type is behind nearly 1 in 5 of all homebuyers. The loan program is primarily designed to help homebuyers who cannot afford the traditional 20% down payment that is often required by private lenders. With a down payment that can be as low as 3.5%, an FHA loan can end up being a perfect match for buyers who aren't eligible for conventional loans.
Around Affton, Mr. Cooper has seen FHA loans surge in popularity at the same time as student loan debt and rental prices — two things that can make it difficult to put away money for a down payment. Another benefit to FHA loans is that they're often accessible to borrowers with lower credit scores. No matter your circumstances, Mr. Cooper can walk you through the ins and outs of FHA loans and figure out the best financing option for your needs.
Should You Pursue a VA Loan in Affton?
There's no question about it. America's service members, veterans, and their spouses should receive the best. Mr. Cooper can lend their expertise in helping you get qualified for a VA home loan in Affton if you think you might be eligible for one. Connect with Mr. Cooper if you're looking to buy a home in Affton and want to learn more about VA loans. This type of financing has many benefits and can make the home buying process simpler. Interest rates are often significantly lower than the broader mortgage market. There’s also a chance that you may not be required to put down a down payment. Checking your VA eligibility for a VA loan in Affton is quick and easy with a Mr. Cooper professional guiding you through the application process.
When to Consider Mr. Cooper Jumbo Loans in Affton
Jumbo loans are a special financing option for some homebuyers in Affton. A jumbo loan, or a jumbo mortgage, exceeds the limits of a conventional loan. Jumbo loans are often in the millions and are designed to help people buy or refinance higher-valued real estate. If you're curious about using a jumbo loan to buy a house in Affton, you'll probably need larger loan amounts that surpass conventional loan limits. Call Mr. Cooper to learn more about jumbo loan eligibility in Affton.
Buy a House in Affton with Help from Mr. Cooper
Mr. Cooper's family of mortgage professionals is ready to help you buy a house in Affton. However, we know that looks different for everyone. Some people are only interested in knowing today's mortgage rates in Affton. Others can't wait to prequalify for a mortgage in Affton. While others are ready to speed through the loan application process and close on a home tomorrow! Mr. Cooper's home buyer program in Affton exists to make your dreams a reality. Contact 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.