Learn About Home Loans in Portsmouth, VA
In Portsmouth, planning a home purchase is easier when you have Mr. Cooper on your side. As the third-largest home loan servicer and a top-20 home lender in the country, we have the background to help you evaluate your loan options and finalize your home buying plan.
A Mr. Cooper mortgage professional can create a personalized strategy that will help you get smarter about your home loan options. We can help you determine what today's mortgage rates are in Portsmouth, how much house you can afford, and also get prequalified for a mortgage in Portsmouth. 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. Learn more about various home mortgages below and call one of Mr. Cooper's mortgage professionals in Portsmouth to start your journey. You could prequalify for a mortgage in no time. Get Started
Are You Eligible for an FHA Loan in Portsmouth, 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. With a down payment that can be as low as 3.5%, an FHA loan can end up being a perfect match for buyers who aren't eligible for conventional loans.
Around Portsmouth, Mr. Cooper has watched FHA loans rise in popularity alongside increases in student loan debt and rental costs — two circumstances that can make it difficult to put away money for a 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.
Mr. Cooper Can Be Your Guide to Portsmouth VA Loans
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 Portsmouth if you think you might be eligible for one. Contact Mr. Cooper if you're starting the home buying process in Portsmouth and you could 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. With a Mr. Cooper professional guiding you through the application process, checking your VA eligibility for a VA loan in Portsmouth is quick and easy.
Mr. Cooper Simplifies Jumbo Loans in Portsmouth, Too
Jumbo loans are another option for some homebuyers in Portsmouth. 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're curious about using a jumbo loan to buy a house in Portsmouth, you'll probably need larger loan amounts that surpass conventional loan limits. For more information on jumbo loan eligibility in Portsmouth, contact Mr. Cooper.
Buy a Home in Portsmouth with Help from Mr. Cooper
The mortgage professionals at Mr. Cooper are ready to walk alongside you as you buy a home in Portsmouth. But we know that doesn't mean the same thing to everyone. Some people just want to check mortgage rates in Portsmouth. Others want to learn how to get preapproved for a mortgage loan in Portsmouth. 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 Portsmouth 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.