Types of Mr. Cooper Home Loans in Arlington, VA
In Arlington, 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 background to help you understand your loan options and chart a path for home buying success.
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 figure out what today's mortgage rates are in Arlington, how much house you can afford, and also get prequalified for a mortgage in Arlington. 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. Read on to learn more about different home mortgage options and call one of Mr. Cooper's mortgage professionals in Arlington to start your journey. You can begin the pre-qualification process today. Get Started
Do You Qualify for an FHA Loan in Arlington, VA?
If you’re looking for a loan with flexible credit requirements and a potentially lower down payment, a Federal Housing Administration (FHA) loan may be a good option for you. About 1 in 5 of all homebuyers go with this type of government-insured loan. 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.
Around Arlington, Mr. Cooper has watched FHA loans rise in popularity alongside increases in student loan debt and rental costs — two things that can make it hard to save money for a large down payment. FHA loans can also be accessible to borrowers with less than perfect credit scores. Whatever your situation, 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 Arlington?
America's service men and women, veterans, and their spouses deserve the absolute best. Mr. Cooper can lend their expertise in helping you get qualified for a VA home loan in Arlington if you think you might be eligible for one. Reach out to Mr. Cooper if you’re ready to buy a home in Arlington 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. 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. Confirming your VA eligibility for a VA loan in Arlington is fast and simple with a Mr. Cooper professional walking you through the application process.
Mr. Cooper Simplifies Jumbo Loans in Arlington, Too
Jumbo loans are a good match for many homebuyers in Arlington. A jumbo loan, or a jumbo mortgage, goes beyond 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 Arlington, you will most likely require a larger loan amount that surpasses conventional loan limits. For more information on jumbo loan eligibility in Arlington, contact Mr. Cooper.
Buy a Home in Arlington with Help from Mr. Cooper
The mortgage professionals at Mr. Cooper are ready to walk alongside you as you buy a home in Arlington. However, we know that looks different for everyone. Some people are only interested in knowing today's mortgage rates in Arlington. Others want to learn how to get preapproved for a mortgage loan in Arlington. And still others can't wait to pack their moving boxes and close on a home as soon as possible! No matter what you're looking for, Mr. Cooper's home buyer program in Arlington can help you find it. 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.