Special Offers From Mr. Cooper

Sorry, there are no offers available at this time. Check back soon!

Fixed-Rate Home Loans in Staunton, VA

Compare current mortgage interest rates and talk with Mr. Cooper in Staunton, VA to see if a fixed-rate mortgage is right for you.

Busy? Have us call you back. Call Me Back

More Information

Are All Fixed-Rate Loans in Staunton, VA the Same?

When researching home loans in Staunton, you'll see words and phrases you you may never have learned about. The phrase "fixed-rate" might fall into that category. As a company that's focused on making your path to homeownership clear and straightforward, Mr. Cooper is here to help simplify the steps, paperwork, and terminology that's related to buying a home!

But what is a fixed interest rate home loan? It's a mortgage with an interest rate that never changes. Interest rates, expressed as percentages, are what the lender charges for giving you money. Mortgage interest rates can change daily, so a fixed-rate loan helps you lock-in the security of a consistent rate. Fixed-rate loans often come with a 30-year term (length). Shorter time periods are possible and generally include larger monthly payments but less total interest paid over the loan's lifetime. How similar is a fixed-rate loan to other Staunton home loan options, like an adjustable-rate loan?

Adjustable-Rate Loans vs. Fixed-Rate Loans in Staunton, VA

It's a good idea to learn about all of your loan options in Staunton, including adjustable-rate loans. Adjustable-rate mortgages (ARM) are different from fixed-rate mortgages as the interest rate on an adjustable-rate mortgage can fluctuate based on national indexes. An adjustable-rate mortgage will maintain the same rate for typically 3, 5, or 10 years, then the rate is revised at specific intervals. If the interest rate goes up after your fixed-rate period has ended, your monthly payments could go up too. Talk to a Mr. Cooper mortgage professional about the protections a fixed-rate loan can offer. We'll help you understand the factors that can go into choosing between a fixed-rate and adjustable-rate mortgage, like how large of a mortgage payment you qualify for, and if you could still pay your mortgage on an ARM if interest rates went up, how long you plan on living in the house, and where interest rates are headed.

Check Current Fixed-Rate Home Loan Rates in Staunton, VA

Still have questions about adjustable or fixed-rate loans? Call a Mr. Cooper professional to check today's fixed-rate mortgage rates in Virginia. We have a welcoming team that is ready to guide you through the loan and homeownership process.

Mr. Cooper Reviews from Real Customers in Staunton, VA

Read reviews from actual Mr. Cooper home mortgage customers in Staunton, VA.

We're here to support you on the path to home ownership.

Let Mr. Cooper help you prequalify for a mortgage and get the keys to your dream home.