Types of Mr. Cooper Home Loans in La Follette, TN
Mr. Cooper is here to walk alongside you in your homeownership journey in La Follette, TN. As the nation's third-largest home loan servicer and a top-20 home lender, we have decades of experience to help you evaluate your loan options and chart a path for home buying success.
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 figure out everything from how much house you can afford to what today's mortgage rates are in La Follette. 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. Keep reading to learn more about different home mortgages and call one of Mr. Cooper's mortgage professionals in La Follette to start your journey. You can begin the pre-qualification process today. Get Started
Are You Eligible for an FHA Loan in La Follette, TN?
A Federal Housing Administration (FHA) loan may be a good option for you if you’re looking for a loan with flexible credit requirements and a potentially lower down payment. This government-insured loan type is behind nearly 1 in 5 of all homebuyers. 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% and may be a perfect fit for buyers who can’t get a conventional loan.
Around La Follette, Mr. Cooper has seen FHA loans increase in popularity alongside the rise of rental costs and student loan debt — two things 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. No matter your circumstances, Mr. Cooper can walk you through the ins and outs of FHA loans and figure out the best financing option for your needs.
Should You Pursue a VA Loan in La Follette?
America's service men and women, veterans, and their spouses deserve the absolute best. If you think you may be eligible for a VA loan, Mr. Cooper can share their knowledge to help you get approved for a VA home loan in La Follette. Contact Mr. Cooper if you're starting the home buying process in La Follette 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. 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 La Follette is fast and simple with a Mr. Cooper professional walking you through the application process.
Mr. Cooper Simplifies Jumbo Loans in La Follette, Too
Jumbo loans are a good match for many homebuyers in La Follette. A jumbo mortgage, or a jumbo loan, surpasses 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 La Follette, 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 La Follette.
Buy a House in La Follette with Help from Mr. Cooper
Mr. Cooper's family of mortgage professionals is ready to help you buy a house in La Follette. However, we know that looks different for everyone. Some people just want to know the latest mortgage rates in La Follette. Others want to learn how to get preapproved for a mortgage loan in La Follette. And still others can't wait to pack their moving boxes and close on a home as soon as possible! Whatever your unique needs and goals are, Mr. Cooper's home buyer program in La Follette is here to make them a reality. Contact a mortgage professional today.