Learn About Home Loans in Abingdon, VA
In Abingdon, 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 the training and expertise to help you navigate your loan options and finalize your home buying plan.
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 determine everything from how much house you can afford to what today's mortgage rates are in Abingdon. Our mortgage professionals will evaluate your unique financial and living situation and will come up with a recommended plan for the best mortgage options that fit your needs. Read on to learn more about different home mortgage options and contact a Mr. Cooper mortgage professional in Abingdon to get started. You can begin the pre-approval process as soon as today! Get Started
Do You Qualify for an FHA Loan in Abingdon, VA?
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%, which is a great fit for many buyers who aren't eligible for a conventional loan.
In Abingdon, Mr. Cooper has seen FHA loans surge in popularity at the same time as student loan debt and rental prices — two factors that can make it tough to save enough money for a down payment. Another benefit to FHA loans is that they're often accessible to borrowers with lower credit scores. Whatever your situation, Mr. Cooper can help you weigh the pros and cons of FHA loans and determine the best financing route for you.
Should You Pursue a VA Loan in Abingdon?
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 Abingdon if you think you might be eligible for one. Contact Mr. Cooper if you're starting the home buying process in Abingdon and you could be eligible for a VA loan. There are many benefits in this loan type that can make the home buying process a lot easier. Many times, interest rates are substantially lower than the rest of the mortgage market. You may not be required to put down a down payment, either. Checking your VA eligibility for a VA loan in Abingdon is quick and easy with a Mr. Cooper professional guiding you through the application process.
Mr. Cooper Also Offers Jumbo Loans in Abingdon
Jumbo loans are a good match for many homebuyers in Abingdon. 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're curious about using a jumbo loan to buy a house in Abingdon, you'll probably need larger loan amounts that surpass conventional loan limits. For more information on jumbo loan eligibility in Abingdon, contact Mr. Cooper.
Mr. Cooper Can Help You Buy a Home in Abingdon
The mortgage professionals at Mr. Cooper are ready to walk alongside you as you buy a home in Abingdon. However, we know that looks different for everyone. Some people just want to know the latest mortgage rates in Abingdon. Others want to learn how to get preapproved for a mortgage loan in Abingdon. 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 Abingdon can help you find it. Contact a mortgage professional today.
- 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.