Mr. Cooper Mortgage Benefits

Are you looking to refinance your current mortgage? Mr. Cooper Mortgage is a non-bank mortgage originator and servicer operating throughout the U.S. They offer some of the best rates. Mr. Cooper Mortgage was formerly known as Nationstar, and they have been in business since 1994.

Types of loans offered?

Mr. Cooper Mortgage offers a variety of loan products, including fixed-rate and adjustable-rate mortgages and FHA and VA loans. They also offer refinance options for those looking to lower their monthly payments or get cash out of their home equity.

What are the eligibility requirements?

To be eligible for a Mr. Cooper Mortgage, you will need a minimum credit score of 620 and a maximum debt-to-income ratio of 45%. You will also need to have a down payment of at least 20% for most loan products.

Mr. Cooper’s online application:

The following information is required when applying for loans, 

-Your personal information like; name, contact information, Social Security number

-Your financial situation; income, debts, assets

-Information on the property you are looking to purchase or refinance; address, loan amount, the value of the property

-Once you have submitted your application, a Mr. Cooper Mortgage representative will contact you to discuss your options and start the process

What are the benefits?

One of the biggest benefits of Mr. Cooper Mortgage is that they are a direct lender. That means you won’t have to deal with any middlemen to service your loan. The online application process is streamlined for your convenience!

Mr. Cooper in the Real estate business

Since Mr. Cooper Mortgage is a direct lender, they also have a large real estate business. They can help you not just with your mortgage but also with finding the perfect home to buy. They have over 20,000 agents in their network who can link you to a perfect home at a discounted commission.