Types of Mr. Cooper Home Loans in Olympia, WA
Mr. Cooper is here to walk alongside you in your homeownership journey in Olympia, WA. As the third-largest home loan servicer and a top-20 home lender in the country, we have decades of experience to help you understand your loan options and solidify your home buying plan.
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 figure out how much house you can afford, what mortgage rates might be in Olympia, and also get pre-approved in Olympia. Our mortgage professionals start by evaluating your financial situation and where you are in life. From there, they compile a targeted plan to help you get the best mortgage option for you. Learn more about various home mortgages below and contact Mr. Cooper in Olympia to take the first step toward reaching your goal. You can begin the pre-approval process as soon as today! Get Started
Are You Eligible for an FHA Loan in Olympia, WA?
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. Close to 1 in 5 of all home buyers rely on this government-issued loan type. The loan program largely caters to homebuyers who cannot afford the usual 20% down payment that many private lenders require. The down payment can be as low as 3.5% and may be a perfect fit for buyers who can’t get a conventional loan.
Around Olympia, Mr. Cooper has watched FHA loans rise in popularity alongside increases in student loan debt and rental costs — two circumstances that can make it hard to save money for a large down payment. Another benefit to FHA loans is that they're often accessible to borrowers with lower credit scores. Wherever you are on your journey, Mr. Cooper can help you weigh the pros and cons of FHA loans and determine the best financing route for you.
Could You Get a VA Loan in Olympia?
There's no question about it. America's service members, veterans, and their spouses should receive the best. If you think you might be eligible for a VA loan, Mr. Cooper can lend our expertise in helping you get qualified for a VA home loan in Olympia. Reach out to Mr. Cooper if you’re ready to buy a home in Olympia and think that you might be eligible for a VA loan. This type of financing has many benefits and can make the home buying process simpler. Interest rates are often significantly lower than the broader mortgage market. There’s also a chance that you may not be required to put down a down payment. Confirming your VA eligibility for a VA loan in Olympia is fast and simple with a Mr. Cooper professional walking you through the application process.
When to Consider Mr. Cooper Jumbo Loans in Olympia
Jumbo loans are another option for some homebuyers in Olympia. 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'd like to use a jumbo loan to buy a home in Olympia, you will most likely require a larger loan amount that surpasses conventional loan limits. For more information on jumbo loan eligibility in Olympia, contact Mr. Cooper.
Buy a House in Olympia with Help from Mr. Cooper
Mr. Cooper's team of mortgage professionals is ready to guide you through your home buying journey in Olympia. But we know that means different things to different people. Some people are only interested in knowing today's mortgage rates in Olympia. Others want to get preapproved for a mortgage in Olympia. 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 Olympia can help you find it. Talk to a mortgage professional today.
- 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.