Special Offers From Mr. Cooper

Sorry, there are no offers available at this time. Check back soon!

Find the Salem, OR Home Loan That's Best for You

Ready to move? Let's do it. Compare home loans in Salem, OR with Mr. Cooper. We'll help you every step of the way.

Busy? Have us call you back. Call Me Back

More Information

Finding Your Fit, Finding Your Salem Home Loan

Houses aren't one size fits all. Salem home loans aren’t either. Finding the right fit for you takes some shopping around! That's where Mr. Cooper comes in. Our mission is to transform the homeownership journey into an enjoyable one, starting with the loan process. We encourage you to read on for basic details about picking your Salem home loan, but also call a Mr. Cooper mortgage professional for any questions you may have.

Check your credit before you start applying for loans and work to get it in tip-top shape. A less-than-stellar credit score might mean you end up with a higher interest rate on your home loan. On the other hand, a strong credit score can help you secure a better rate with your potential lender. Your credit strength, financial situation, and the timeframe you wish to make your move can all impact the type of loan that matches your needs. So, what options are out there for you?

What Types of Loans Are There in Salem, OR?

You may have options when it comes to Salem home loans: conventional loans, FHA streamline loans, FHA loans, high balance conforming loans, VA loans, and VA Interest Rate Reduction Loans (VA IRRRL). A conventional loans might be a good choice for you if you're ready to make a down payment of at least 3% (depending on your situation), your credit is healthy, and your income and employment history are stable.

VA loans and FHA loans are both classified as government loans. Credit and salary/wage requirements are usually a little more different than conventional loans. And if you're a veteran, active-duty service member or surviving spouse, you may be eligible to apply for a VA new home loan. How do you know which home loan is the best for you? A loan officer can help you get to know your options and what comes next, depending on your position in the process.

Get a Preapproval Letter Before You Shop in Salem, OR

Secure a Verified Approval Letter from the lender before you start shopping for homes in Salem to indicate that you're a serious buyer. A Verified Approval Letter shows that your lender has looked at all of your finances and communicated about how much you can buy. It can also speed up to sellers you can afford the home they’re selling. Call the mortgage team at Mr. Cooper today to discuss everything from your Verified Approval letter to your credit and loan options. It could be the perfect season for you to buy a new house in Salem. See how we can help you navigate your next home-buying experience!

Mr. Cooper Reviews from Real Customers in Salem, OR

Read reviews from actual Mr. Cooper home mortgage customers in Salem, OR.

Overall Rating

out of 5 stars ( customer reviews)

We see home loans differently. We see them through your eyes.

With Mr. Cooper, you can get pre-approved for a mortgage and get into a new home sooner.