Learn About Home Loans in Durham, NC
Mr. Cooper is here to walk alongside you in your homeownership journey in Durham, NC. As the third-largest home loan servicer and a top-20 home lender in the country, we have decades of experience to help you evaluate your loan options and finalize your home buying plan.
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 what today's mortgage rates are in Durham, how much house you can afford, and also get prequalified for a mortgage in Durham. 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 a Mr. Cooper mortgage professional in Durham to get started. You can begin the pre-approval process as soon as today! Get Started
Are You Eligible for an FHA Loan in Durham, NC?
If you’re looking for a loan with flexible credit requirements and a potentially lower down payment, a Federal Housing Administration (FHA) loan may be a good option for you. 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 Durham, Mr. Cooper has watched FHA loans rise in popularity alongside increases in student loan debt and rental costs — two things that can make it hard to save money for a large down payment. FHA loans can also be accessible to borrowers with less than perfect credit scores. Whatever your situation, Mr. Cooper can walk you through the ins and outs of FHA loans and figure out the best financing option for your needs.
Should You Pursue a VA Loan in Durham?
America's service men and women, veterans, and their spouses deserve the absolute 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 Durham. Contact Mr. Cooper if you're starting the home buying process in Durham and you could be eligible for a VA loan. 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 possibility that you won't have to put down a down payment. Checking your VA eligibility for a VA loan in Durham is quick and easy with a Mr. Cooper professional guiding you through the application process.
Mr. Cooper Also Offers Jumbo Loans in Durham
Jumbo loans are another option for some homebuyers in Durham. A jumbo loan, or a jumbo mortgage, exceeds 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 curious about using a jumbo loan to buy a house in Durham, you'll probably need larger loan amounts that surpass conventional loan limits. Call Mr. Cooper to learn more about jumbo loan eligibility in Durham.
Buy a House in Durham with Help from Mr. Cooper
Mr. Cooper's family of mortgage professionals is ready to help you buy a house in Durham. But we know that means different things to different people. Some people are only interested in knowing today's mortgage rates in Durham. Others can't wait to prequalify for a mortgage in Durham. 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 Durham exists to make your dreams a reality. Contact 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.