Types of Mr. Cooper Home Loans in Drexel Hill, PA
In Drexel 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 finalize your home buying plan.
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 determine everything from how much house you can afford to what today's mortgage rates are in Drexel Hill. Our mortgage professionals get to know your unique financial and living situation to come up with a strategic plan for securing the best mortgage for your needs. Read on to learn more about different home mortgage options and contact Mr. Cooper in Drexel Hill to take the first step toward reaching your goal. You could prequalify for a mortgage in no time. Get Started
Do You Qualify for an FHA Loan in Drexel Hill, PA?
A Federal Housing Administration (FHA) loan may be a good option for you if you’re looking for a loan with flexible credit requirements and a potentially lower down payment. 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. The down payment can be as low as 3.5%, which is a great fit for many buyers who aren't eligible for a conventional loan.
Around Drexel Hill, Mr. Cooper has seen FHA loans increase in popularity alongside the rise of rental costs and student loan debt — two factors that can make it difficult to put away 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 weigh the pros and cons of FHA loans and determine the best financing route for you.
Could You Get a VA Loan in Drexel Hill?
There's no question about it. America's service members, veterans, and their spouses should receive the best. Mr. Cooper can lend their expertise in helping you get qualified for a VA home loan in Drexel Hill if you think you might be eligible for one. Contact Mr. Cooper if you're starting the home buying process in Drexel Hill 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. 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 Drexel Hill is quick and easy with a Mr. Cooper professional guiding you through the application process.
Mr. Cooper Simplifies Jumbo Loans in Drexel Hill, Too
Jumbo loans are another option for some homebuyers in Drexel 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're curious about using a jumbo loan to buy a house in Drexel Hill, you'll probably need larger loan amounts that surpass conventional loan limits. Contact Mr. Cooper for more information on jumbo loan eligibility in Drexel Hill.
Buy a Home in Drexel Hill with Help from Mr. Cooper
Mr. Cooper's team of mortgage professionals is ready to guide you through your home buying journey in Drexel Hill. But we know that doesn't mean the same thing to everyone. Some people are only interested in knowing today's mortgage rates in Drexel Hill. Others want to learn how to get preapproved for a mortgage loan in Drexel Hill. While others are ready to speed through the loan application process and close on a home tomorrow! Mr. Cooper's home buyer program in Drexel Hill exists to make your dreams a reality. 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.