Contact Mr. Cooper in Somerville, TN

Busy? Have us call you back. Call Me Back

More Information

Why Choose Mr. Cooper Mortgages in Somerville, TN?

Looking to become a homeowner? It's the perfect time to do so. As the nation's third-largest home loan servicer, Mr. Cooper is equipped to guide you through the home ownership process. Whether you want to learn more about conventional home loans, Federal Housing Administration loans (FHA), or VA loans, you can turn to Mr. Cooper. Mr. Cooper in Somerville can help you do so much — even learn more about your credit score and finances in general.

We know that getting a mortgage can be complicated, especially if you're a first-time home buyer in Somerville, TN. Give us a call to see how it applies to you. Until then, here's what you need to know to get started.

Conventional loans are a popular mortgage option for Somerville home buyers. These are loans that are not insured by the federal government. Instead, conventional loans are backed by private lenders like Mr. Cooper. Some benefits of a conventional loan may include various term lengths and favorable interest rates.

FHA is another home loan type that may be available to you as a Somerville home buyer. FHA loans, or Federal Housing Administration loans, are backed by the government. FHA loans are known for having more flexible credit qualifications and lesser down payments than conventional loans. Ask Mr. Cooper about FHA loan requirements in Somerville today.

VA home loans aren't available to everyone. You must be an active duty service member, a veteran, or a surviving spouse of a veteran to apply. If you're trying to buy a home in Somerville as a veteran, active-duty service member, or surviving spouse, you could be eligible for a VA loan. At Mr. Cooper, it's our honor to help our nation's veterans, active-duty service members, and their families realize their dreams of home ownership. Because this type of home loan is so unique, we encourage you to call Mr. Cooper for more information about VA loans in Somerville. Get Started

Mr. Cooper Mortgage Refinancing in Somerville

Mr. Cooper offers mortgage refinancing in Somerville in addition to new home loans. Refinancing your home loan simply means paying off your current home loan and replacing it with a new one that better suits your financial needs. The new loan may have a shorter loan term, a better interest rate, or both. Generally speaking, the goal of refinancing is to get a lower interest rate and cut down your monthly payment (so you can spend more time and money making your Somerville home just the way you want it!).

Similar to how there are different options for new home loans, there are also different options for refinancing. There's refinancing to get a more favorable interest rate or loan term. Another option is cash-out refinancing.† This option lets homeowners leverage the equity they've built in their house as cash to pay for things like home improvements or college tuition.† Cash-out refinancing can also be a method for debt consolidation, since you can also use equity from your home to tap into cash and pay down medical bills, car loans, or credit card debt.^ Mr. Cooper in Somerville can help you learn more about refinancing and choose the right refinance option for your situation.

Selling or Buying a House in Somerville with Mr. Cooper

Buying a house in Somerville, TN? Then you'll probably want to get prequalified for a home loan — along with some professional guidance for how to buy a house in Somerville. Tennessee's real estate market ebbs and flows. Despite the constant change, Mr. Cooper mortgage professionals always have the most up-to-date insights. Mr. Cooper mortgage professionals will help simplify your home-buying experience in a few ways: First, we can help you estimate how much house you can afford. Then, we can walk you through getting prequalified to buy a home in Somerville and introduce you to our affiliate to find a dependable real estate agent.* Last but not least, Mr. Cooper can help you secure a home loan that meets your financial needs and accelerates your home ownership journey. Consider Mr. Cooper your ally, from open house to closing day.

Are you researching how to sell a house in Somerville, TN? Mr. Cooper can help you there, too. We're aware of the challenges that come with selling a home in Somerville, particularly if it's your first time doing it. As a seller, you'll get comprehensive marketing and sales service at an exceptional value. And as a buyer, you'll gain access to thousands of new listings and could be eligible for a special credit at closing.** Ask about our Somerville Mr. Cooper Real Estate Rewards program to learn more.

Mr. Cooper is here to help you on your journey to home ownership. Contact us to learn more about refinancing, home loans, and selling or buying a house in Somerville. We're your ally.

What’s Your Goal?

We're changing the face of home loans.

Get the facts about refinancing, buying or selling a home, consolidating debt, and more. Mr. Cooper is here for you.