Types of Mr. Cooper Home Loans in Philadelphia, PA
In Philadelphia, planning a home purchase is easier when you have Mr. Cooper on your side. As the third-largest home loan servicer and a top-20 home lender in the country, we have the background to help you navigate your loan options and solidify 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 figure out everything from how much house you can afford to what today's mortgage rates are in Philadelphia. 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. Learn more about various home mortgages below and contact a Mr. Cooper mortgage professional in Philadelphia to get started. You can begin the pre-qualification process today. Get Started
Are You Eligible for an FHA Loan in Philadelphia, 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 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.
In the Philadelphia area, Mr. Cooper has watched FHA loans rise in popularity alongside increases in student loan debt and rental costs — 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. No matter your circumstances, Mr. Cooper can walk you through the ins and outs of FHA loans and figure out the best financing option for your needs.
Could You Get a VA Loan in Philadelphia?
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 Philadelphia if you think you might be eligible for one. Contact Mr. Cooper if you're starting the home buying process in Philadelphia 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. Interest rates are often significantly lower than the broader mortgage market. You may not be required to put down a down payment, either. With a Mr. Cooper professional guiding you through the application process, checking your VA eligibility for a VA loan in Philadelphia is quick and easy.
When to Consider Mr. Cooper Jumbo Loans in Philadelphia
Jumbo loans are a special financing option for some homebuyers in Philadelphia. A jumbo mortgage, or a jumbo loan, surpasses 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 Philadelphia, you most likely need larger loan amounts that exceed conventional loan limits. For more information on jumbo loan eligibility in Philadelphia, contact Mr. Cooper.
Buy a House in Philadelphia with Help from Mr. Cooper
The mortgage professionals at Mr. Cooper are ready to walk alongside you as you buy a home in Philadelphia. But we know that means different things to different people. Some people just want to check mortgage rates in Philadelphia. Others want to learn how to get preapproved for a mortgage loan in Philadelphia. 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 Philadelphia 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.