Learn About Home Loans in Florence, SC
In Florence, 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 solidify 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 everything from how much house you can afford to what today's mortgage rates are in Florence. Our mortgage professionals will evaluate your unique financial and living situation and will come up with a recommended plan for the best mortgage options that fit your needs. Keep reading to learn more about different home mortgages and call one of Mr. Cooper's mortgage professionals in Florence to start your journey. You can begin the pre-approval process as soon as today! Get Started
Are You Eligible for an FHA Loan in Florence, SC?
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. About 1 in 5 of all homebuyers go with this type of government-insured loan. The loan program is primarily designed to help homebuyers who cannot afford the traditional 20% down payment that is often 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 Florence, Mr. Cooper has watched FHA loans rise in popularity alongside increases in student loan debt and rental costs — two circumstances that can make it difficult to put away money for a down payment. Another perk to FHA loans is that they're usually available 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 Florence VA Loans
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 Florence. Contact Mr. Cooper if you're starting the home buying process in Florence 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. You may not be required to put down a down payment, either. Confirming your VA eligibility for a VA loan in Florence is fast and simple with a Mr. Cooper professional walking you through the application process.
Mr. Cooper Simplifies Jumbo Loans in Florence, Too
Jumbo loans are a special financing option for some homebuyers in Florence. A jumbo loan, or a jumbo mortgage, goes beyond the limits of a conventional loan. Jumbo loans are often in the millions and are designed to help people buy or refinance higher-valued real estate. If you'd like to use a jumbo loan to buy a home in Florence, you will most likely require a larger loan amount that surpasses conventional loan limits. Call Mr. Cooper to learn more about jumbo loan eligibility in Florence.
Mr. Cooper Can Help You Buy a Home in Florence
Mr. Cooper's family of mortgage professionals is ready to help you buy a house in Florence. But we know that doesn't mean the same thing to everyone. Some people just want to know the latest mortgage rates in Florence. Others want to learn how to get preapproved for a mortgage loan in Florence. While others are ready to speed through the loan application process and close on a home tomorrow! Whatever your unique needs and goals are, Mr. Cooper's home buyer program in Florence is here to make them a reality. Talk to a mortgage professional today.