Mr. Cooper Home Loans in Yakima, WA
In Yakima, planning a home purchase is easier when you have Mr. Cooper on your side. As the nation's third-largest home loan servicer and a top-20 home lender, we have the background to help you evaluate your loan options and chart a path for home buying success.
A Mr. Cooper mortgage professional can create a personalized strategy that will help you get smarter about your home loan options. We can help you figure out everything from how much house you can afford to what today's mortgage rates are in Yakima. Our mortgage professionals will evaluate your unique financial and living situation and will come up with a recommended plan for the best mortgage options that fit your needs. Keep reading to learn more about different home mortgages and call one of Mr. Cooper's mortgage professionals in Yakima to start your journey. You can begin the pre-approval process as soon as today! Get Started
Are You Eligible for an FHA Loan in Yakima, WA?
If you’re looking for a loan with flexible credit requirements and a potentially lower down payment, a Federal Housing Administration (FHA) loan may be a good option for you. About 1 in 5 of all homebuyers go with this type of government-insured loan. The loan program is primarily designed to help homebuyers who cannot afford the traditional 20% down payment that is often required by private lenders. 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.
In the Yakima area, Mr. Cooper has seen FHA loans increase in popularity alongside the rise of rental costs and student loan debt — two circumstances that can make it tough to save enough money for a down payment. FHA loans can also be accessible to borrowers with less than perfect credit scores. Wherever you are on your journey, Mr. Cooper can walk you through the ins and outs of FHA loans and figure out the best financing option for your needs.
Should You Pursue a VA Loan in Yakima?
There's no question about it. America's service members, veterans, and their spouses should receive the 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 Yakima. Reach out to Mr. Cooper if you’re ready to buy a home in Yakima and think that you might be eligible for a VA loan. This loan type can make the home buying process much easier in a couple of ways. Many times, interest rates are substantially lower than the rest of the mortgage market. There's also a possibility that you won't have to put down a down payment. Confirming your VA eligibility for a VA loan in Yakima is fast and simple with a Mr. Cooper professional walking you through the application process.
Mr. Cooper Also Offers Jumbo Loans in Yakima
Jumbo loans are a good match for many homebuyers in Yakima. A jumbo loan, or a jumbo mortgage, goes beyond 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 Yakima, you will most likely require a larger loan amount that surpasses conventional loan limits. Contact Mr. Cooper for more information on jumbo loan eligibility in Yakima.
Buy a Home in Yakima with Help from Mr. Cooper
Mr. Cooper's family of mortgage professionals is ready to help you buy a house in Yakima. But we know that means different things to different people. Some people are only interested in knowing today's mortgage rates in Yakima. Others want to get preapproved for a mortgage in Yakima. While others are ready to speed through the loan application process and close on a home tomorrow! Whatever your unique needs and goals are, Mr. Cooper's home buyer program in Yakima is here to make them a reality. Contact a mortgage professional today.