Types of Mr. Cooper Home Loans in Lexington, SC
In Lexington, planning a home purchase is easier when you have Mr. Cooper on your side. As a top-20 home lender and the third-largest home loan servicer in the country, we have decades of experience to help you understand 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 determine everything from how much house you can afford to what today's mortgage rates are in Lexington. 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 Lexington to get started. You can begin the pre-qualification process today. Get Started
Do You Qualify for an FHA Loan in Lexington, SC?
If you're searching for a loan with a potentially lower down payment and flexible credit requirements, you might want to consider a Federal Housing Administration (FHA) loan. About 1 in 5 of all homebuyers go with this type of government-insured loan. 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% and may be a perfect fit for buyers who can’t get a conventional loan.
In the Lexington 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 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 help you weigh the pros and cons of FHA loans and determine the best financing route for you.
Mr. Cooper Can Be Your Guide to Lexington VA Loans
There's no question about it. America's service members, veterans, and their spouses should receive 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 Lexington. Contact Mr. Cooper if you're starting the home buying process in Lexington 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. VA loans offer lower rates when compared to the overall mortgage landscape. 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 Lexington is quick and easy with a Mr. Cooper professional guiding you through the application process.
Mr. Cooper Simplifies Jumbo Loans in Lexington, Too
Jumbo loans are a special financing option for some homebuyers in Lexington. 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 Lexington, you will most likely require a larger loan amount that surpasses conventional loan limits. For more information on jumbo loan eligibility in Lexington, contact Mr. Cooper.
Mr. Cooper Can Help You Buy a Home in Lexington
Mr. Cooper's family of mortgage professionals is ready to help you buy a house in Lexington. But we know that doesn't mean the same thing to everyone. Some people just want to know the latest mortgage rates in Lexington. Others want to get preapproved for a mortgage in Lexington. 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 Lexington can help you find it. 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.