Special Offers From Mr. Cooper

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

Find the Federal Way, WA Home Loan That's Best for You

Ready to buy a house in Federal Way but stumped on where to start? Start with Mr. Cooper and a little help finding the right home loan for you.

Busy? Have us call you back. Call Me Back

More Information

Getting the Home Loan in Federal Way, WA That's Best for You

Houses aren't one size fits all. Neither are home loans in Federal Way. Securing the correct fit for your needs takes some shopping around! That’s where Mr. Cooper can help. Our mission is to turn the homeownership journey into something that's less difficult and more enjoyable, starting with the mortgage loan process. We encourage you to read on for routine information about finding a home loan, but also reach out to Mr. Cooper professional with any mortgage questions you might have.

Check your credit before you start applying for loans and try your best to get it in tip-top shape. A low credit score could mean you end up with a higher interest rate on your home loan. On the other hand, a higher credit rating can help you secure a better rate with your potential lender. Your credit strength, financial state, and the timing in which you'd like to make your move can all influence the loan type that aligns with your goals. So, what's out there to choose from?

What Types of Loans Are There in Federal Way, WA?

There are several different types of home loans available to Federal Way home buyers: conventional loans, FHA streamline loans, FHA loans, high balance conforming loans, VA loans, and VA Interest Rate Reduction Loans (VA IRRRL). A conventional loan may be the perfect option for you if your credit is healthy, your income and employment history are stable, and you're ready to make a down payment of as little as 3% depending on your situation.

FHA loans and VA loans are both types of government loans. Credit and salary/wage requirements are often laid-back than conventional loans. Also, active-duty service members, veterans and surviving spouses may be eligible to apply for VA new home loans. How do you know which home loan is the best for you? A loan officer can help you understand your options and next steps, depending on your position in the process.

Start with a Preapproval Letter in Federal Way, WA

Talk to your lender about a Verified Approval Letter. Get one before you start going to Open Houses in Federal Way to indicate that you really do intend to buy. A Verified Approval Letter shows that your lender has looked at all of your finances and communicated about how much you can buy. The letter can also carry more weight with the real estate agent and seller because they know you can buy the home. Call the mortgage team at Mr. Cooper today to discuss everything from your credit, possible loan options and your Verified Approval letter. Now could be the perfect time for you to buy a house in Federal Way. See how we can help you navigate your next home-buying experience!

Mr. Cooper Reviews from Real Customers in Federal Way, WA

Take it from these happy Mr. Cooper mortgage customers in Federal Way, WA: We love helping homeowners. Call now to see how we can serve you.

Overall Rating

out of 5 stars ( customer reviews)

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

With Mr. Cooper, you can get pre-approved for a mortgage and get into a new home sooner.