Types of Mr. Cooper Home Loans in Katy, TX
Mr. Cooper is here to walk alongside you in your homeownership journey in Katy, TX. As the nation's third-largest home loan servicer and a top-20 home lender, we have the background to help you understand your loan options and finalize your home buying plan.
A Mr. Cooper mortgage professional can create a personalized strategy that will help you get smarter about your home loan options. We can help you understand how much house you can afford, what mortgage rates might be in Katy, and also get pre-approved in Katy. 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 contact Mr. Cooper in Katy to take the first step toward reaching your goal. You can begin the pre-approval process as soon as today! Get Started
Are You Eligible for an FHA Loan in Katy, TX?
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% and may be a perfect fit for buyers who can’t get a conventional loan.
In the Katy area, 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 tough to save enough 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.
Could You Get a VA Loan in Katy?
This nation's service men and women, veterans, and their spouses deserve nothing but 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 Katy. Contact Mr. Cooper if you're starting the home buying process in Katy and you could be eligible for a VA loan. This type of financing has many benefits and can make the home buying process simpler. 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. Checking your VA eligibility for a VA loan in Katy is quick and easy with a Mr. Cooper professional guiding you through the application process.
Mr. Cooper Also Offers Jumbo Loans in Katy
Jumbo loans are another option for some homebuyers in Katy. 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’re interested in jumbo loans to buy a home in Katy, you most likely need larger loan amounts that exceed conventional loan limits. For more information on jumbo loan eligibility in Katy, contact Mr. Cooper.
Buy a House in Katy with Help from Mr. Cooper
The mortgage professionals at Mr. Cooper are ready to walk alongside you as you buy a home in Katy. However, we know that looks different for everyone. Some people just want to know the latest mortgage rates in Katy. Others can't wait to prequalify for a mortgage in Katy. 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 Katy is here to make them a reality. Reach out to a mortgage professional now.
- 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.