Learn About Home Loans in Leesburg, VA
In Leesburg, planning a home purchase is easier when you have Mr. Cooper on your side. As a top-20 home lender and the third-largest home loan servicer in the country, we have decades of experience to help you understand your loan options and chart a path for home buying success.
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 understand how much house you can afford, what mortgage rates might be in Leesburg, and also get pre-approved in Leesburg. 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. Learn more about various home mortgages below and contact Mr. Cooper in Leesburg to take the first step toward reaching your goal. You can begin the pre-qualification process today. Get Started
Do You Qualify for an FHA Loan in Leesburg, VA?
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 system is specifically geared toward homebuyers who can't afford the typical 20% down payment that's usually 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 Leesburg, Mr. Cooper has seen FHA loans increase in popularity alongside the rise of rental costs and student loan debt — two factors that can make it tough to save enough money for a down payment. Another perk to FHA loans is that they're usually available to borrowers with lower credit scores. Whatever your situation, Mr. Cooper can help you determine if an FHA loan is right for you. And if it's not, we'll help you find a different financing route.
Could You Get a VA Loan in Leesburg?
There's no question about it. America's service members, veterans, and their spouses should receive the best. If you think you may be eligible for a VA loan, Mr. Cooper can share their knowledge to help you get approved for a VA home loan in Leesburg. Contact Mr. Cooper if you're starting the home buying process in Leesburg 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. VA loans offer lower rates when compared to the overall mortgage landscape. 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 Leesburg is quick and easy.
When to Consider Mr. Cooper Jumbo Loans in Leesburg
Jumbo loans are a good match for many homebuyers in Leesburg. 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 Leesburg, you will most likely require a larger loan amount that surpasses conventional loan limits. Contact Mr. Cooper for more information on jumbo loan eligibility in Leesburg.
Buy a House in Leesburg with Help from Mr. Cooper
The mortgage professionals at Mr. Cooper are ready to walk alongside you as you buy a home in Leesburg. But we know that means different things to different people. Some people are only interested in knowing today's mortgage rates in Leesburg. Others can't wait to prequalify for a mortgage in Leesburg. 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 Leesburg can help you find it. Talk to 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.