Learn About Home Loans in St. Louis, MO
Mr. Cooper here to ally with you in St. Louis, MO as you plan your next home purchase. As the nation's third-largest home loan servicer and a top-20 home lender, we have decades of experience to help you understand your loan options and chart a path for home buying success.
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 everything from how much house you can afford to what today's mortgage rates are in St. Louis. 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 contact a Mr. Cooper mortgage professional in St. Louis to get started. You could prequalify for a mortgage in no time. Get Started
Do You Qualify for an FHA Loan in St. Louis, 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. About 1 in 5 of all homebuyers go with this type of government-insured loan. The loan program is primarily designed to help homebuyers who cannot afford the traditional 20% down payment that is often required by private lenders. The down payment can be as low as 3.5%, which is a great fit for many buyers who aren't eligible for a conventional loan.
In the St. Louis area, Mr. Cooper has watched FHA loans rise in popularity alongside increases in student loan debt and rental costs — two circumstances that can make it tough to save enough money for a down payment. FHA loans can also be accessible to borrowers with less than perfect credit scores. No matter your circumstances, Mr. Cooper can help you weigh the pros and cons of FHA loans and determine the best financing route for you.
Mr. Cooper Can Be Your Guide to St. Louis VA Loans
America's service men and women, veterans, and their spouses deserve the absolute best. Mr. Cooper can lend their expertise in helping you get qualified for a VA home loan in St. Louis if you think you might be eligible for one. Connect with Mr. Cooper if you're looking to buy a home in St. Louis and want to learn more about VA loans. There are many benefits in this loan type that can make the home buying process a lot easier. Many times, interest rates are substantially lower than the rest of the mortgage market. You may not be required to put down a down payment, either. Confirming your VA eligibility for a VA loan in St. Louis is fast and simple with a Mr. Cooper professional walking you through the application process.
Mr. Cooper Simplifies Jumbo Loans in St. Louis, Too
Jumbo loans are a special financing option for some homebuyers in St. Louis. A jumbo mortgage, or a jumbo loan, surpasses the limits of a conventional loan. Jumbo loans are designed to help people refinance or buy higher-valued real estate and are often millions of dollars. If you'd like to use a jumbo loan to buy a home in St. Louis, you will most likely require a larger loan amount that surpasses conventional loan limits. Contact Mr. Cooper for more information on jumbo loan eligibility in St. Louis.
Buy a Home in St. Louis with Help from Mr. Cooper
Mr. Cooper's team of mortgage professionals is ready to guide you through your home buying journey in St. Louis. But we know that doesn't mean the same thing to everyone. Some people just want to know the latest mortgage rates in St. Louis. Others can't wait to prequalify for a mortgage in St. Louis. While others are ready to apply for a home loan and close as soon as possible! No matter what you're looking for, Mr. Cooper's home buyer program in St. Louis can help you find it. Reach out to a mortgage professional now.
- 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.