Learn About Home Loans in O'Fallon, MO
Mr. Cooper here to ally with you in O'Fallon, MO as you plan your next home purchase. As one of the nation's largest home loan servicers and a top-20 home lender in the country, we have decades of experience to help you understand your loan options and chart a path for home buying success.
Work with a Mr. Cooper mortgage professional and you can get a customized strategy for approaching your home loan journey — one that will help you walk confidently. We can help you figure out what today's mortgage rates are in O'Fallon, how much house you can buy, and also get pre-approved for a mortgage in O'Fallon. Our mortgage professionals start by evaluating your financial situation and where you are in life. From there, they compile a targeted plan to help you get the best mortgage option for you. Learn more about various home mortgages below and call one of Mr. Cooper's mortgage professionals in O'Fallon to start your journey. You can begin the pre-approval process as soon as today! Get Started
What to Know About FHA Loans in O'Fallon, MO
A Federal Housing Administration (FHA) loan may be a good option for you if you’re looking for a loan with flexible credit requirements and a potentially lower down payment. This government-insured loan type is behind nearly 1 in 5 of all homebuyers. The loan system is specifically geared toward homebuyers who can't afford the typical 20% down payment that's usually 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.
In the O'Fallon area, Mr. Cooper has seen FHA loans increase in popularity alongside the rise of rental costs and student loan debt — two factors that can make it tough to save enough money for a down payment. Another perk to FHA loans is that they're usually available to borrowers with lower credit scores. Wherever you are on your journey, Mr. Cooper can help you weigh the pros and cons of FHA loans and determine the best financing route for you.
Could You Get a VA Loan in O'Fallon?
This nation's service men and women, veterans, and their spouses deserve nothing but the best. If you think you may be eligible for a VA loan, Mr. Cooper can share their knowledge to help you get approved for a VA home loan in O'Fallon. Contact Mr. Cooper if you're starting the home buying process in O'Fallon and you could be eligible for a VA loan. This loan type can make the home buying process much easier in a couple of ways. VA loans offer lower rates when compared to the overall mortgage landscape. You may not be required to put down a down payment, either. Confirming your VA eligibility for a VA loan in O'Fallon is fast and simple with a Mr. Cooper professional walking you through the application process.
When to Consider Mr. Cooper Jumbo Loans in O'Fallon
Jumbo loans are a good match for many homebuyers in O'Fallon. A jumbo mortgage, or a jumbo loan, surpasses 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 interested in jumbo loans to buy a home in O'Fallon, you most likely need larger loan amounts that exceed conventional loan limits. For more information on jumbo loan eligibility in O'Fallon, contact Mr. Cooper.
Mr. Cooper Can Help You Buy a Home in O'Fallon
Mr. Cooper's team of mortgage professionals is ready to guide you through your home buying journey in O'Fallon. But we know that doesn't mean the same thing to everyone. Some people just want to check mortgage rates in O'Fallon. Others want to learn how to get preapproved for a mortgage loan in O'Fallon. And still others can't wait to pack their moving boxes and close on a home as soon as possible! Mr. Cooper's home buyer program in O'Fallon exists to make your dreams a reality. Contact a mortgage professional today.
Already Have a Mr. Cooper Mortgage in O'Fallon?
You have different priorities in life when you're focused on enjoying your current home as opposed to someone who is looking to buy or sell a house. Make the Help Center the first place you go when you need help to take care of business. You'll find information about making mortgage payments, viewing statements, and paying property taxes. Speaking of taxes...have you ever met a homeowner who enjoyed paying property taxes? Probably not. We haven't either! That's why escrow accounts are convenient. They aren’t always required, though. You can learn more about escrow in the Help Center, too. As a current Mr. Cooper mortgage holder in O'Fallon, you fund your escrow account every month. Putting money in escrow is a little like putting money in a piggy bank. We then use the money in your escrow account to pay your insurance bills and property taxes. Contact us today with questions about O'Fallon tax statements or property taxes. Mr. Cooper customer service agents are ready to help.
Help with Mr. Cooper Mortgage Deferral in O'Fallon
Being a homeowner might've started off smoothly for you, but things changed. But due to an unexpected bill, life change, or illness, you've found yourself behind on your mortgage payments. It happens, and Mr. Cooper can help with the mortgage assistance solution that helps take the load off of your shoulders. You may already have heard about one option: mortgage deferral. A mortgage deferment is the temporary suspension of mortgage payments. This route offers short-term relief when you're trying to recover from one of life's many curve balls. With that said, mortgage deferral isn't the only choice for making mortgage payments more workable. Contact a Mr. Cooper customer service agent as soon as you start experiencing difficulties making mortgage payments, even if you think you're looking for a "Nationstar deferral" instead. The sooner you let us know you need help, the faster we can respond with a solution. We've already helped a number of other customers in search of Mr. Cooper or Nationstar deferrals.
- 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.