Learn About Home Loans in Chapel Hill, NC
In Chapel Hill, 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 decades of experience to help you understand your loan options and chart a path for home buying success.
A Mr. Cooper mortgage professional can design a custom strategy that will help you tackle the home loan process with confidence. We can help you understand what today's mortgage rates are in Chapel Hill, how much house you can afford, and also get prequalified for a mortgage in Chapel Hill. Our mortgage professionals will evaluate your unique financial and living situation and will come up with a recommended plan for the best mortgage options that fit your needs. Learn more about various home mortgages below and contact Mr. Cooper in Chapel Hill to take the first step toward reaching your goal. You could prequalify for a mortgage in no time. Get Started
Are You Eligible for an FHA Loan in Chapel Hill, NC?
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. About 1 in 5 of all homebuyers go with this type of government-insured loan. The loan program largely caters to homebuyers who cannot afford the usual 20% down payment that many private lenders require. 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 Chapel Hill, Mr. Cooper has seen FHA loans increase in popularity alongside the rise of rental costs and student loan debt — two things 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. Whatever your situation, Mr. Cooper can help you determine if an FHA loan is right for you. And if it's not, we'll help you find a different financing route.
Should You Pursue a VA Loan in Chapel Hill?
There's no question about it. America's service members, veterans, and their spouses should receive 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 Chapel Hill. Connect with Mr. Cooper if you're looking to buy a home in Chapel Hill 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. There’s also a chance that you may not be required to put down a down payment. Confirming your VA eligibility for a VA loan in Chapel Hill is fast and simple with a Mr. Cooper professional walking you through the application process.
Mr. Cooper Also Offers Jumbo Loans in Chapel Hill
Jumbo loans are a special financing option for some homebuyers in Chapel Hill. A jumbo loan, or a jumbo mortgage, goes beyond the limits of a conventional loan. Jumbo loans are made to help people refinance or buy higher-valued real estate and are often in the millions. If you'd like to use a jumbo loan to buy a home in Chapel Hill, you will most likely require a larger loan amount that surpasses conventional loan limits. For more information on jumbo loan eligibility in Chapel Hill, contact Mr. Cooper.
Mr. Cooper Can Help You Buy a Home in Chapel Hill
Mr. Cooper's family of mortgage professionals is ready to help you buy a house in Chapel Hill. However, we know that looks different for everyone. Some people just want to know the latest mortgage rates in Chapel Hill. Others want to learn how to get preapproved for a mortgage loan in Chapel Hill. And still others can't wait to pack their moving boxes and close on a home as soon as possible! No matter what you're looking for, Mr. Cooper's home buyer program in Chapel Hill can help you find it. Talk to 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.