Types of Mr. Cooper Home Loans in Rocky Mount, NC
Mr. Cooper is here to walk alongside you in your homeownership journey in Rocky Mount, NC. As a top-20 home lender and the third-largest home loan servicer in the country, we have the background to help you navigate 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 figure out everything from how much house you can afford to what today's mortgage rates are in Rocky Mount. 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 Mr. Cooper in Rocky Mount to take the first step toward reaching your goal. You could prequalify for a mortgage in no time. Get Started
What to Know About FHA Loans in Rocky Mount, 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 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% and may be a perfect fit for buyers who can’t get a conventional loan.
Around Rocky Mount, Mr. Cooper has seen FHA loans surge in popularity at the same time as student loan debt and rental prices — two things that can make it difficult to put away money for a down payment. Another perk to FHA loans is that they're usually available to borrowers with lower credit scores. No matter your circumstances, 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 Rocky Mount?
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 Rocky Mount if you think you might be eligible for one. Contact Mr. Cooper if you're starting the home buying process in Rocky Mount 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. Interest rates are often significantly lower than the broader mortgage market. There’s also a chance that you may not be required to put down a down payment. With a Mr. Cooper professional guiding you through the application process, checking your VA eligibility for a VA loan in Rocky Mount is quick and easy.
Mr. Cooper Simplifies Jumbo Loans in Rocky Mount, Too
Jumbo loans are a good match for many homebuyers in Rocky Mount. A jumbo loan, or a jumbo mortgage, exceeds 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’re interested in jumbo loans to buy a home in Rocky Mount, you most likely need larger loan amounts that exceed conventional loan limits. For more information on jumbo loan eligibility in Rocky Mount, contact Mr. Cooper.
Buy a Home in Rocky Mount with Help from Mr. Cooper
Mr. Cooper's team of mortgage professionals is ready to guide you through your home buying journey in Rocky Mount. But we know that means different things to different people. Some people just want to check mortgage rates in Rocky Mount. Others can't wait to prequalify for a mortgage in Rocky Mount. 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 Rocky Mount 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.