Contact Mr. Cooper in Franklin, VA

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Why Choose Mr. Cooper Mortgages in Franklin, VA?

Looking to become a homeowner? It's the perfect time to do so. As the nation's third-largest home loan servicer, Mr. Cooper is ready to support you throughout your journey to home ownership. Mr. Cooper in Franklin 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 Franklin — including learn more about mortgage rates, credit scores, and budgeting.

We know getting a mortgage can feel overwhelming, especially if you're a first-time home buyer in Franklin, VA. Call a Mr. Cooper mortgage professional for one-on-one guidance. In the meantime, here’s what you need to know.

Conventional loans are a popular mortgage option for Franklin home buyers. These are loans that are not insured by the federal government. Instead, conventional loans are backed by private lenders like Mr. Cooper. Some advantages of a conventional loan may include various term lengths and favorable interest rates.

FHA is another home loan type that may be available to you as a Franklin home buyer. FHA stands for Federal Housing Administration. Accordingly, FHA loans are backed by the government. When compared to a conventional loan, an FHA loan generally has less restrictive credit requirements and often allows for a lesser down payment. Reach out to Mr. Cooper today to learn about FHA loan requirements in Franklin.

VA home loans are only available to service members, veterans, and their spouses. If you're trying to buy a house in Franklin and you're a veteran, surviving spouse, or an active-duty service member, you could qualify 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. Due to the uniqueness of this home loan option, we encourage you to call a Mr. Cooper mortgage professional to learn more about VA loans in Franklin. Get Started

Mr. Cooper Mortgage Refinancing in Franklin

Mr. Cooper offers mortgage refinancing in Franklin in addition to new home loans. 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 could come with a shorter loan term, a more favorable interest rate, or both. Generally speaking, the purpose of refinancing is to secure a lower interest rate and decrease your monthly payment (so you can spend more time and money making your Franklin home just the way you want it!).

Similar to how there are different options for new home loans, there are also different options for refinancing. For one, you can refinance for a more favorable loan term or interest rate. Cash-out refinancing is another option.† It allows homeowners who want to leverage their home's equity as cash to invest in 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 medical bills, car loans, or credit card debt.^ Whatever your situation, Mr. Cooper in Franklin can help you learn more about refinancing and choose the right refinance option.

Selling or Buying a House in Franklin with Mr. Cooper

Buying a house in Franklin, VA? Then you may want to start by seeking professional guidance for how to buy a house in Franklin and get prequalified for a mortgage in Franklin. Virginia's real estate market ebbs and flows. Despite the constant change, Mr. Cooper mortgage professionals always have the most up-to-date insights. Your Mr. Cooper mortgage professional can help smooth out the home-buying process in a couple of ways: First, we’ll help you determine how much house you can realistically afford to purchase. Next, we can help you prequalify for a mortgage in Franklin and connect you with our affiliate to find a reliable real estate agent.* Finally, Mr. Cooper can help you get a home loan that satisfies your financial needs and accelerates your home ownership journey. From open house to closing day, Mr. Cooper is your ally.

Are you researching how to sell a house in Franklin, VA? Turn to Mr. Cooper for help. We understand the obstacles that come with selling a house in Franklin, especially when you're trying to do it for the first time. As a seller, you'll get in-depth marketing and sales insight at a great value. And as a buyer, you'll have access to thousands of home listings and might qualify for a Buyer's Bonus Credit at closing.** Ask about the Mr. Cooper Real Estate Rewards program in Franklin to learn more.

Mr. Cooper is here to be your advocate on your homeowner journey. Give us a call for more information about home loans, refinancing, and buying or selling a home in Franklin. We’ve got your back.

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