Types of Mr. Cooper Home Loans in Staunton, VA
In Staunton, 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 navigate 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 Staunton, and also get pre-approved in Staunton. 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. Keep reading to learn more about different home mortgages and call one of Mr. Cooper's mortgage professionals in Staunton to start your journey. You can begin the pre-approval process as soon as today! Get Started
Do You Qualify for an FHA Loan in Staunton, 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. About 1 in 5 of all homebuyers go with this type of government-insured loan. 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.
In the Staunton area, Mr. Cooper has watched FHA loans rise in popularity alongside increases in student loan debt and rental costs — two things 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.
Should You Pursue a VA Loan in Staunton?
America's service men and women, veterans, and their spouses deserve the absolute 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 Staunton. Reach out to Mr. Cooper if you’re ready to buy a home in Staunton and think that you might be eligible for a VA loan. There are many benefits in this loan type that can make the home buying process a lot easier. Many times, interest rates are substantially lower than the rest of the mortgage market. There’s also a chance that you may not be required to put down a down payment. Checking your VA eligibility for a VA loan in Staunton is quick and easy with a Mr. Cooper professional guiding you through the application process.
Mr. Cooper Also Offers Jumbo Loans in Staunton
Jumbo loans are a special financing option for some homebuyers in Staunton. 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’re interested in jumbo loans to buy a home in Staunton, you most likely need larger loan amounts that exceed conventional loan limits. For more information on jumbo loan eligibility in Staunton, contact Mr. Cooper.
Mr. Cooper Can Help You Buy a Home in Staunton
Mr. Cooper's team of mortgage professionals is ready to guide you through your home buying journey in Staunton. But we know that doesn't mean the same thing to everyone. Some people are only interested in knowing today's mortgage rates in Staunton. Others want to get preapproved for a mortgage in Staunton. 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 Staunton can help you find it. Talk to a mortgage professional today.