Types of Mr. Cooper Home Loans in Shippensburg, PA
In Shippensburg, 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 finalize your home buying plan.
Work with a Mr. Cooper mortgage professional and you can get a customized strategy for approaching your home loan journey — one that will help you walk confidently. We can help you understand what today's mortgage rates are in Shippensburg, how much house you can afford, and also get prequalified for a mortgage in Shippensburg. 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 call one of Mr. Cooper's mortgage professionals in Shippensburg to start your journey. You can begin the pre-approval process as soon as today! Get Started
What to Know About FHA Loans in Shippensburg, 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. 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. 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.
In the Shippensburg area, Mr. Cooper has watched FHA loans rise in popularity alongside increases in student loan debt and rental costs — two things that can make it tough to save enough money for a down payment. FHA loans can also be accessible to borrowers with less than perfect credit scores. Wherever you are on your journey, 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 Shippensburg?
America's service men and women, veterans, and their spouses deserve the absolute 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 Shippensburg. Reach out to Mr. Cooper if you’re ready to buy a home in Shippensburg and think that you might be eligible for a VA loan. There are many benefits in this loan type that can make the home buying process a lot easier. VA loans offer lower rates when compared to the overall mortgage landscape. You may not be required to put down a down payment, either. Checking your VA eligibility for a VA loan in Shippensburg is quick and easy with a Mr. Cooper professional guiding you through the application process.
Mr. Cooper Simplifies Jumbo Loans in Shippensburg, Too
Jumbo loans are a special financing option for some homebuyers in Shippensburg. 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 curious about using a jumbo loan to buy a house in Shippensburg, you'll probably need larger loan amounts that surpass conventional loan limits. For more information on jumbo loan eligibility in Shippensburg, contact Mr. Cooper.
Mr. Cooper Can Help You Buy a Home in Shippensburg
The mortgage professionals at Mr. Cooper are ready to walk alongside you as you buy a home in Shippensburg. But we know that means different things to different people. Some people just want to know the latest mortgage rates in Shippensburg. Others want to get preapproved for a mortgage in Shippensburg. While others are ready to apply for a home loan and close as soon as possible! Whatever your unique needs and goals are, Mr. Cooper's home buyer program in Shippensburg is here to make them 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.