Contact Mr. Cooper in Somerset, NJ

Busy? Have us call you back. Call Me Back

More Information

Mr. Cooper Mortgages in Somerset, NJ

Ready to make your home ownership dreams come true? Let's do it. As the nation's third-largest home loan servicer, Mr. Cooper is equipped to guide you through the home ownership process. Mr. Cooper in Somerset can be your home loan ally, whether you're searching 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 Somerset — including learning more about finances in general and learning about your credit score.

We know that getting a mortgage can be complicated, especially if you're a first-time home buyer in Somerset, NJ. Mr. Cooper can explain how everything applies to your situation. Just give us a call. In the meantime, here’s what you need to know.

Conventional loans are a popular choice for Somerset home buyers and are actually one of the most common mortgage options. These are loans that are not insured by the federal government. Instead, conventional loans are backed by private lenders like Mr. Cooper. Some benefits of a conventional loan could include favorable interest terms and various term lengths.

Depending on your situation, you may want to consider another type of home loan that's available to many Somerset home buyers. It's called FHA. FHA loans, or Federal Housing Administration loans, are backed by the government. When compared to a conventional loan, an FHA loan generally has less restrictive credit requirements and often allows for a lesser down payment. Reach out to Mr. Cooper today to learn about FHA loan requirements in Somerset.

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 home in Somerset as a veteran, surviving spouse, or an active-duty service member, you could qualify 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 Somerset. Get Started

Refinance Your Home Loan in Somerset with Mr. Cooper

In addition to new home loans, Mr. Cooper also offers mortgage refinancing in Somerset. 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 could come with a shorter loan term, a more favorable interest rate, or both. A majority of the time, the purpose of refinancing is to get a lower interest rate and cut down your monthly payment (so you can invest more money in making memories in your Somerset house!).

Like new home loans, there are a couple of different ways to refinance. For one, you can refinance for a more favorable loan term or interest rate. 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 college tuition or home improvements. 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 Somerset can help you learn more about refinancing and choose the right refinance option for your situation.

Buying or Selling a Home in Somerset with Mr. Cooper

Getting ready to buy a home in Somerset, NJ? Then you'll probably want to get prequalified for a home loan — along with some professional guidance for how to buy a house in Somerset. Despite New Jersey's ever-changing real estate market, Mr. Cooper mortgage professionals are always equipped with the latest insights. Mr. Cooper mortgage professionals will help simplify your home-buying experience in a few 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 Somerset and introduce you to our affiliate to find a dependable real estate agent.* Finally, Mr. Cooper can help you secure a home loan that aligns with your financial situation and accelerates your home ownership journey. Think of Mr. Cooper as your ally, from home search to closing on your loan.

Are you researching how to sell a house in Somerset, NJ? Mr. Cooper has your back there, too. We know the obstacles that come with selling a house in Somerset, particularly if it's your first time doing it. As a seller, you'll get in-depth marketing and sales insight at an exceptional 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 Somerset Mr. Cooper Real Estate Rewards program to learn more.

Mr. Cooper is here to be your advocate on your homeowner journey. Give us a call for more information about applying for a home loan, refinancing an existing loan, or buying or selling a home in Somerset. We are here for you.

What’s Your Goal?

We're here to support you on the path to home ownership.

Get the facts about refinancing, buying or selling a home, consolidating debt, and more. Mr. Cooper is here for you.