Why Choose Mr. Cooper Mortgages in Fairfax Station, VA?
Looking to become a homeowner? It's the perfect time to do so. As one of the nation's largest home loan servicers, Mr. Cooper is equipped to guide you through the home ownership process. Mr. Cooper in Fairfax Station can be your home loan ally, whether you're looking for a conventional home loan, a Federal Housing Administration loan (FHA), or a VA loan. You can do so much with Mr. Cooper in Fairfax Station — including learn more about mortgage rates, credit scores, and budgeting.
We understand that getting a mortgage can seem puzzling, and even more so when you're a first-time home buyer in Fairfax Station, VA. Give us a call to see how it applies to you. Until then, here's what you need to know to get started.
Conventional loans are one of the most common and popular mortgage options for home buyers in Fairfax Station. The federal government does not insure these loans. The government backs other home loan types, while private lenders like Mr. Cooper back conventional loans. Some advantages of a conventional loan may 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 Fairfax Station home buyers. It's called FHA. FHA loans are also called Federal Housing Administration loans. They're backed by the U.S. government. An FHA loan can have more flexible credit requirements and typically allows for a lesser down payment than a conventional loan. Reach out to Mr. Cooper today to learn about FHA loan requirements in Fairfax Station.
VA home loans aren't available to everyone. You must be an active duty service member, a veteran, or a surviving spouse of a veteran to apply. If you're getting ready to buy a home in Fairfax Station and are an active-duty service member, a veteran, or a surviving spouse, you may be eligible for a VA loan. At Mr. Cooper, it's our honor to help our nation's veterans, active-duty service members, and their families realize their dreams of home ownership. Since this loan option is so unique, we invite you to call Mr. Cooper to learn more about qualifying for a VA loan in Fairfax Station. Get Started
Mr. Cooper Refinancing in Fairfax Station
Besides new home loans, Mr. Cooper also provides mortgage refinancing in Fairfax Station. Refinancing a home loan is simply paying off your existing home loan and replacing it with a new one that's a better fit for your financial situation. The new loan may have a shorter loan term, a better interest rate, or both. Generally speaking, the purpose of refinancing is to obtain a lower interest rate and decrease your monthly payment (so you can spend more money on making memories and building a life in your Fairfax Station home!).
Similar to how there are different options for new home loans, there are also different options for refinancing. 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.† This type of refinancing also allows for debt consolidation, since you can 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 Fairfax Station can help you learn more about refinancing and choose the right refinance option.
Buying or Selling a Home in Fairfax Station with Mr. Cooper
Are you ready to buy a house in Fairfax Station, VA? Then you'll probably want to get prequalified for a home loan — along with some professional guidance for how to buy a house in Fairfax Station. Despite Virginia's ever-changing real estate market, Mr. Cooper mortgage professionals are always equipped with the latest insights. Mr. Cooper mortgage professionals will help simplify your home-buying experience in a few ways: First off, we can help you calculate how much house you can afford to buy. Next, we can help you prequalify for a mortgage in Fairfax Station. Last but not least, Mr. Cooper can help you get a home loan that satisfies your financial needs and accelerates your home ownership journey. Think of Mr. Cooper as your ally, from home search to closing on your loan.
Preparing to sell a home in Fairfax Station, VA? Mr. Cooper has your back there, too. We're aware of the challenges that come with selling a home in Fairfax Station, especially when you're trying to do it for the first time.
Mr. Cooper is here to be your advocate on your homeowner journey. Give us a call for more information about applying for a home loan, refinancing an existing loan, or buying or selling a home in Fairfax Station. We're your ally.
- † 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.