Why Choose Mr. Cooper in Mercer Island, WA?

Busy? Have us call you back. Call Me Back

More Information

Prequalify for a Mortgage in Mercer Island, WA with Mr. Cooper

Looking to become a homeowner? It's the perfect time to do so. As the nation's third-largest home loan servicer, Mr. Cooper is ready to assist you in your journey to becoming a homeowner. Mr. Cooper in Mercer Island can be your home loan ally, whether you're searching for a conventional home loan, a Federal Housing Administration loan (FHA), or a VA loan. There’s a lot you can do with Mr. Cooper in Mercer Island — including learning more about finances in general and learning about your credit score.

We know getting a mortgage can feel overwhelming, and even more so when you're a first-time home buyer in Mercer Island, WA. Mr. Cooper can explain how everything applies to your situation. Just give us a call. Here's what you need to know in the meantime.

Conventional loans are a popular choice for Mercer Island home buyers and are actually one of the most common mortgage options. These are loans that are not insured by the federal government. Private lenders like Mr. Cooper back conventional loans, where the government backs other home loan types. Some benefits of a conventional loan may include numerous term lengths and agreeable interest rates.

Depending on your situation, you may want to consider another type of home loan that's available to many Mercer Island home buyers. It's called FHA. FHA loans, or Federal Housing Administration loans, are backed by the government. FHA loans are known for having more flexible credit qualifications and lesser down payments than conventional loans. Learn more about FHA loan requirements in Mercer Island with Mr. Cooper.

VA home loans aren't available to everyone. You must be an active duty service member, a veteran, or a surviving spouse of a veteran to apply. If you're trying to buy a home in Mercer Island as a veteran, active-duty service member, or surviving spouse, you could be eligible for a VA loan. At Mr. Cooper, it's our privilege to serve veterans and help them realize their dreams of home ownership. Since this loan option is so unique, we invite you to call Mr. Cooper to learn more about qualifying for a VA loan in Mercer Island. Get Started

Mr. Cooper Mortgage Refinancing in Mercer Island

In addition to new home loans, Mr. Cooper also offers mortgage refinancing in Mercer Island. Refinancing a home loan is simple. It means you pay off your existing home loan and replace it with a new one that's a better fit for your financial situation. The new loan may have a shorter loan term, a better interest rate, or both. Generally speaking, the objective of refinancing is to obtain a lower interest rate and cut down your monthly payment (so you can spend more time and money making your Mercer Island home just the way you want it!).

Similar to how there are different options for new home loans, there are also different options for refinancing. For one, you can refinance for a more favorable loan term or interest rate. Cash-out refinancing is another option.† It allows homeowners who want to leverage their home's equity as cash to invest in things like home remodeling or higher education. This type of refinancing also allows for debt consolidation, since you can use equity from your home to tap into cash and pay down medical bills, car loans, or credit card debt.^ The right refinance option is a phone call away. Contact Mr. Cooper in Mercer Island to learn more about refinancing today.

Buy or Sell a House in Mercer Island with Mr. Cooper's Help

Getting ready to buy a home in Mercer Island, WA? Then you'll probably want to get prequalified for a home loan — along with some professional guidance for how to buy a house in Mercer Island. Washington's real estate market ebbs and flows. Despite the constant change, Mr. Cooper mortgage professionals always have the most up-to-date insights. Your Mr. Cooper mortgage professional can help smooth out the home-buying process in a couple of ways: First, we’ll help you determine how much house you can realistically afford to purchase. Then, we can walk you through getting prequalified to buy a home in Mercer Island and connect you with our affiliate to find a reliable real estate agent.* Lastly, Mr. Cooper can help you get a home loan that satisfies your financial needs and advances your dream of being a homeowner. Consider Mr. Cooper your ally, from open house to closing day.

Are you researching how to sell a house in Mercer Island, WA? Turn to Mr. Cooper for help. We know the challenges that come with selling a home in Mercer Island, especially when you're trying to do it for the first time. As a seller, you'll get comprehensive marketing and sales service at a good value. And as a buyer, you'll gain access to thousands of new listings and could be eligible for a special credit at closing.** Ask about the Mr. Cooper Real Estate Rewards program in Mercer Island to learn more.

Mr. Cooper is here to help you on your journey to home ownership. Give us a call for more information about refinancing, home loans, and selling or buying a house in Mercer Island. We’ve got your back.

What’s Your Goal?

We see home loans differently. We see them through your eyes.

Work with Mr. Cooper for no online transaction fees, friendly U.S.-based customer service, and a cutting-edge mobile app with more tools and info than you can imagine.