Types of Mr. Cooper Home Loans in Scranton, PA
In Scranton, 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 the training and expertise to help you evaluate your loan options and chart a path for home buying success.
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 determine everything from how much house you can afford to what today's mortgage rates are in Scranton. 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 Scranton to take the first step toward reaching your goal. You could prequalify for a mortgage in no time. Get Started
Are You Eligible for an FHA Loan in Scranton, PA?
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. Close to 1 in 5 of all home buyers rely on this government-issued loan type. The loan program largely caters to homebuyers who cannot afford the usual 20% down payment that many private lenders require. 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.
Around Scranton, Mr. Cooper has watched FHA loans rise in popularity alongside increases in student loan debt and rental costs — two circumstances that can make it hard to save money for a large down payment. Another benefit to FHA loans is that they're often accessible to borrowers with lower credit scores. Wherever you are on your journey, 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.
Mr. Cooper Can Be Your Guide to Scranton VA Loans
This nation's service men and women, veterans, and their spouses deserve nothing but the best. If you think you might be eligible for a VA loan, Mr. Cooper can lend our expertise in helping you get qualified for a VA home loan in Scranton. Contact Mr. Cooper if you're starting the home buying process in Scranton 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 possibility that you won't have to put down a down payment. Checking your VA eligibility for a VA loan in Scranton is quick and easy with a Mr. Cooper professional guiding you through the application process.
Mr. Cooper Also Offers Jumbo Loans in Scranton
Jumbo loans are a good match for many homebuyers in Scranton. 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'd like to use a jumbo loan to buy a home in Scranton, you will most likely require a larger loan amount that surpasses conventional loan limits. Contact Mr. Cooper for more information on jumbo loan eligibility in Scranton.
For Current Mr. Cooper Mortgage Holders in Scranton
You have different priorities in life when you're focused on enjoying your current home as opposed to someone who is looking to buy or sell a house. Visit the Support Center when you have questions or need help servicing your loan. You'll find information about making mortgage payments, viewing statements, and paying property taxes. Since we mentioned it… let's talk about taxes for a minute. Ever met someone who enjoyed shelling out money for property taxes? We doubt it! That's where your escrow account comes into play if you have one. The Support Center is the place to go with escrow questions, too. You may not realize it, but as a current Mr. Cooper mortgage holder in Scranton, you place money in your escrow account every month. Think of an escrow account a little like a piggy bank. As your home loan servicer, we use your escrow money to pay your insurance bills and property taxes in Scranton. Reach out today if you have questions about your property taxes or Scranton tax statements. Our mortgage professionals are on hand to help.
Mr. Cooper Mortgage Deferrals in Scranton: Is That an Option for Me?
Perhaps you started your homeownership journey without a single hiccup, but now things look different. But due to an unexpected bill, life change, or illness, you've fallen behind on your mortgage payments. It can happen, and Mr. Cooper can help with a mortgage assistance solution that's right for your needs. One option you may already be familiar with is a mortgage deferral. A mortgage deferment is when your mortgage payments are temporarily suspended. When you're trying to get over one of life's many speed bumps, a deferral can be a helpful short-term solution. However, a mortgage deferral isn't the only choice for making mortgage payments more workable. Reach out to Mr. Cooper the moment you begin having trouble making your mortgage payments, even if you think you need a "Nationstar deferral." The sooner you reach out, the sooner we can put together a plan for you. We've put together helpful plans for many homeowners looking for Mr. Cooper or Nationstar deferrals in Scranton.
Buy a Home in Scranton with Help from Mr. Cooper
Mr. Cooper's family of mortgage professionals is ready to help you buy a house in Scranton. But we know that doesn't mean the same thing to everyone. Some people are only interested in knowing today's mortgage rates in Scranton. Others want to get preapproved for a mortgage in Scranton. While others are ready to apply for a home loan and close as soon as possible! No matter what you're looking for, Mr. Cooper's home buyer program in Scranton can help you find it. Reach out to a mortgage professional now.
- 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.