Mr. Cooper Home Loans in Orem, UT
In Orem, planning a home purchase is easier when you have Mr. Cooper on your side. As the nation's third-largest home loan servicer and a top-20 home lender, we have decades of experience to help you navigate your loan options and finalize your home buying plan.
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 determine everything from how much house you can afford to what today's mortgage rates are in Orem. 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. Keep reading to learn more about different home mortgages and contact Mr. Cooper in Orem 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 Orem, UT?
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. 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 Orem, 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 hard to save money for a large down payment. Another perk to FHA loans is that they're usually available to borrowers with lower credit scores. Wherever you are on your journey, 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 Orem?
This nation's service men and women, veterans, and their spouses deserve nothing but the best. Mr. Cooper can lend their expertise in helping you get qualified for a VA home loan in Orem if you think you might be eligible for one. Reach out to Mr. Cooper if you’re ready to buy a home in Orem and think that you might be eligible for a VA loan. This loan type can make the home buying process much easier in a couple of ways. Interest rates are often significantly lower than the broader mortgage market. You may not be required to put down a down payment, either. With a Mr. Cooper professional guiding you through the application process, checking your VA eligibility for a VA loan in Orem is quick and easy.
Mr. Cooper Simplifies Jumbo Loans in Orem, Too
Jumbo loans are a special financing option for some homebuyers in Orem. A jumbo loan, or a jumbo mortgage, exceeds the limits of a conventional loan. Jumbo loans are designed to help people refinance or buy higher-valued real estate and are often millions of dollars. If you'd like to use a jumbo loan to buy a home in Orem, 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 Orem.
Buy a Home in Orem with Help from Mr. Cooper
The mortgage professionals at Mr. Cooper are ready to walk alongside you as you buy a home in Orem. But we know that doesn't mean the same thing to everyone. Some people just want to check mortgage rates in Orem. Others can't wait to prequalify for a mortgage in Orem. While others are ready to apply for a home loan and close as soon as possible! No matter what you're looking for, Mr. Cooper's home buyer program in Orem can help you find it. Talk to a mortgage professional today.