Mr. Cooper Mortgages in Prosper, TX
Ready to make your home ownership dreams come true? Let's do it.
As the nation's third-largest home loan servicer,
Mr. Cooper is equipped to guide you through the home ownership process.
Mr. Cooper in Prosper can be your home loan ally, whether you're searching for a conventional home loan, a Federal Housing Administration loan (FHA), or a VA loan.
Mr. Cooper in Prosper 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, particularly when you're a first-time home buyer in Prosper, TX. Call a Mr. Cooper mortgage professional for one-on-one guidance. Until then, here's what you need to know to get started.
Conventional loans are a popular mortgage option for Prosper home buyers. These are loans that are not insured by the federal government. The government backs other home loan types, while private lenders like Mr. Cooper back conventional loans. Some advantages of a conventional loan might include favorable interest terms and various term lengths.
Depending on your situation, you may want to consider another type of home loan that's available to many Prosper home buyers. It's called FHA. FHA loans are also called Federal Housing Administration loans. They're backed by the U.S. government. When compared to a conventional loan, an FHA loan generally has less restrictive credit requirements and often allows for a lesser down payment. Ask Mr. Cooper about FHA loan requirements in Prosper today.
VA home loans are only available to service members, veterans, and their spouses. If you're trying to buy a house in Prosper and you're an active-duty service member, a veteran, or a surviving spouse, you may be eligible for a VA loan. At Mr. Cooper, we support our country's veterans, active-duty service members, and their families. It's our privilege to help every one of them become homeowners. Because this type of home loan is so unique, we encourage you to call Mr. Cooper for more information about VA loans in Prosper. Get Started
Mr. Cooper Mortgage Refinancing in Prosper
Besides new home loans, Mr. Cooper also provides mortgage refinancing in Prosper. 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 might come with a more favorable interest rate, a shorter loan term, or both. Generally speaking, the goal of refinancing is to get a lower interest rate and reduce your monthly payment (so you can invest more money in making memories in your Prosper house!).
There are a few different ways you can refinance your home loan. One option is to refinance to get a better interest 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 credit card debt, medical bills, or auto loans.^ Whatever your situation, Mr. Cooper in Prosper can help you learn more about refinancing and choose the right refinance option.
Selling or Buying a House in Prosper with Mr. Cooper
Are you ready to buy a house in Prosper, TX? Then you'll probably want to get prequalified for a home loan — along with some professional guidance for how to buy a house in Prosper. Despite Texas's ever-changing real estate market, Mr. Cooper mortgage professionals are always equipped with the latest insights. How can a Mr. Cooper mortgage professional help streamline your home-buying journey? We can help in a few ways: First off, we can help you calculate how much house you can afford to buy. Then, we can help you get prequalified to buy a home in Prosper and connect you with our affiliate to find a reliable real estate agent.* Last but not least, Mr. Cooper can help you secure a home loan that aligns with your financial situation and advances your dream of being a homeowner. Consider Mr. Cooper your ally, from open house to closing day.
Preparing to sell a home in Prosper, TX? Mr. Cooper has your back there, too. We understand the difficulties that come with selling a home in Prosper, especially when you're trying to do it for the first time. As a seller, you'll get comprehensive marketing and sales service at an exceptional value. And as a buyer, you could be eligible for a special credit at closing and gain access to thousands of listings.** Ask about our Prosper Mr. Cooper Real Estate Rewards program to learn more.
Mr. Cooper is here to be your advocate on your homeowner journey. Call today for more information about applying for a home loan, refinancing an existing loan, or buying or selling a home in Prosper. We are here for you.
- † A cash‐out refinance increases your mortgage debt and reduces the equity you may have in your home. Your monthly mortgage payments may be higher.
- ^ A debt consolidation refinance increases your mortgage debt, reduces equity, and extends the term on shorter‐term debt and secures such debts with your home. The relative benefits you receive from debt consolidation will vary depending on your individual circumstances. You should consider that a debt consolidation loan may increase the total number of monthly payments and the total amount paid over the term of the loan. To enjoy the benefits of a debt consolidation loan, you should not carry new credit card or high interest rate debt.
- * Buyer’s Bonus Credit (Xome Purchase Pro) Disclosure: Buyers may be eligible to receive a Buyer’s Bonus Credit/Xome Purchase Pro (“Credit”) equal to 15% of the buyer’s agent’s fee. The amount of the credit is based on commissions and determined by each agent. Credit will be documented in an agreement between agent and customer at the time of engagement. Credit must be disclosed to lender, seller, broker, appraiser, and other parties with an interest. Credit subject to written lender approval. Credit will be reflected in Purchase Agreement, Closing Disclosure, and other documents. Consult a tax professional regarding tax implications of Credit. Consult local broker for any state law requirements. Conditions: (a) Customer must complete purchase transaction using a Mr. Cooper Real Estate Rewards Agent; (b) Credit is subject to sales commission; (c) Credit is not available for properties marketed/listed through any auction process, including, www.xome.com; (d) Credit offer may be modified at any time via the Terms of Use but modifications will not apply to any transactions under contract; (e) Credit will be provided at the time of closing.
- Buyer’s Bonus Credit is not available in AK, IA, KS, LA, MS, MO, OK, OR & TN.
- ** Listing Commission Disclosure: Mr. Cooper Real Estate Rewards agents have agreed to 1.99% seller’s agent commission and recommend 2% buyer’s agent commission for a total listing commission of 3.99%. Buyer’s agent commission can be changed at seller’s discretion.
- Mr. Cooper Real Estate Rewards is offered by Xome. Inc., an affiliate of Mr. Cooper. Referrals to Xome may provide a financial benefit to Mr. Cooper. You are not required to use a real estate agent on the Xome panel as a condition of receiving a loan from Mr. Cooper, and such use will have no impact on any loan application to Mr. Cooper.
- This is an advertisement and not intended as a solicitation for agent representation if your property is currently listed with an agent. Visit Xome's licensing page https://www.xome.com/auctions/licensing.
- Xome Inc. & Xome CT LLC [Davis E. Owen, Sr.‐Broker] (for CT properties] & Xome PR LLC (for PR properties), 750 Hwy 121 BYP, Suite 100, Lewisville, TX 75067.
- Mr. Cooper Real Estate Rewards is a service mark of Nationstar Mortgage LLC.
- 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.
