Types of Mr. Cooper Home Loans in North Myrtle Beach, SC
In North Myrtle Beach, 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 the background to help you understand your loan options and chart a path for home buying success.
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 figure out how much house you can afford, what mortgage rates might be in North Myrtle Beach, and also get pre-approved in North Myrtle Beach. 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 North Myrtle Beach to take the first step toward reaching your goal. You could prequalify for a mortgage in no time. Get Started
What to Know About FHA Loans in North Myrtle Beach, 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. Close to 1 in 5 of all home buyers rely on this government-issued loan type. 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%, which is a great fit for many buyers who aren't eligible for a conventional loan.
Around North Myrtle Beach, Mr. Cooper has seen FHA loans surge in popularity at the same time as student loan debt and rental prices — two factors that can make it difficult to put away money for a down payment. Another benefit to FHA loans is that they're often accessible to borrowers with lower credit scores. No matter your circumstances, 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.
Could You Get a VA Loan in North Myrtle Beach?
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 North Myrtle Beach if you think you might be eligible for one. Contact Mr. Cooper if you're starting the home buying process in North Myrtle Beach 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. There’s also a chance that you may not be required to put down a down payment. Confirming your VA eligibility for a VA loan in North Myrtle Beach is fast and simple with a Mr. Cooper professional walking you through the application process.
Mr. Cooper Also Offers Jumbo Loans in North Myrtle Beach
Jumbo loans are another option for some homebuyers in North Myrtle Beach. 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 North Myrtle Beach, 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 North Myrtle Beach.
Mr. Cooper Can Help You Buy a Home in North Myrtle Beach
Mr. Cooper's team of mortgage professionals is ready to guide you through your home buying journey in North Myrtle Beach. However, we know that looks different for everyone. Some people just want to know the latest mortgage rates in North Myrtle Beach. Others want to learn how to get preapproved for a mortgage loan in North Myrtle Beach. 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 North Myrtle Beach is here to make them a reality. Talk to a mortgage professional today.