Why Choose Mr. Cooper in Fayette, MO?

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Prequalify for a Mortgage in Fayette, MO with Mr. Cooper

Let's make your home ownership dreams a reality. 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 Fayette 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 Fayette — including learn more about mortgage rates, credit scores, and budgeting.

We know getting a mortgage can feel overwhelming, especially if you're a first-time home buyer in Fayette, MO. 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 Fayette 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 might include numerous term lengths and agreeable interest rates.

FHA is another home loan type that may be available to you as a Fayette home buyer. FHA loans are also called Federal Housing Administration loans. They're backed by the U.S. 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 Fayette 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 Fayette 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. Because this type of home loan is so unique, we encourage you to call Mr. Cooper for more information about VA loans in Fayette. Get Started

Mr. Cooper Refinancing in Fayette

Besides new home loans, Mr. Cooper also provides mortgage refinancing in Fayette. 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 might come with a more favorable interest rate, a shorter loan term, or both. Generally speaking, the objective of refinancing is to get a lower interest rate and decrease your monthly payment (so you can spend more money on making memories and building a life in your Fayette home!).

There are a few different ways you can refinance your home loan. 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 improvements or college tuition.† 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.^ Whatever your situation, Mr. Cooper in Fayette can help you learn more about refinancing and choose the right refinance option.

Buying or Selling a Home in Fayette with Mr. Cooper

Are you ready to buy a house in Fayette, MO? Then you'll probably want to get prequalified for a home loan — along with some professional guidance for how to buy a house in Fayette. The real estate market in Missouri is always changing, and Mr. Cooper mortgage professionals are equipped with the most up-to-date information. 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. Then, we can walk you through getting prequalified to buy a home in Fayette and introduce you to our affiliate to find a dependable real estate agent.* Finally, Mr. Cooper can help you get a home loan that satisfies your financial needs and advances your dream of being a homeowner. From open house to closing day, Mr. Cooper is your ally.

Preparing to sell a home in Fayette, MO? Mr. Cooper has your back there, too. We're aware of the obstacles that come with selling a house in Fayette, especially when you're trying to do it for the first time. 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 our Fayette 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 Fayette. We’ve got your back.

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