Mortgages

Mr. Cooper Mortgage: how to apply

Read on and learn how the Mr. Cooper Mortgage application process works in delta! Find out the requirements and compare Mr. Cooper Mortgage with another lender!

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Mr. Cooper Mortgage: Easy and fast application process

Mr. Cooper Mortgage logo
Find out how to apply for the Mr. Cooper Mortgage! Source: The Insider Advisor

Do you need tips on how to apply for Mr. Cooper Mortgage? If the answer is yes, then you’re in the right place! Choose between multiple loan options and get closer to your dream home!

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Mortgage

Mr. Cooper Mortgage

Fully-digital Fast

Multiple loan options! Enjoy benefits and user-friedly mobile app!

You will be redirected to another website

This lender offers some great benefits to homebuyers! Then keep reading for more details about the application process and requirements. Let’s go!

How to apply on the website

Mr. Cooper Mortgage offers an easy and quick application process. It can be completed with a few simple steps. Also, you can get preapproved without hurting your credit score.

Next, you’ll be redirected to the prequalification form. They will ask some questions to help you find the best mortgage option.

So you’ll need to inform where you’ll buy a new home, what kind of property you intend to buy, how you’ll use it, and how much you expect to pay.

Also, you must provide your basic information, including name, home address, email address, and Social Security number.

Further, you will also have to provide your financial and employment information.

After submitting that information, you’ll see which home loan you qualify for. After comparing and choosing, you’ll submit the actual application.

At this point, Mr. Cooper Mortgage will run a hard inquiry into your credit score. If approved, you can upload documents online and e-sign your mortgage.

Requirements

To apply for Mr. Cooper Mortgage, you’ll need a minimum credit score of 580. But this requirement might vary depending on the loan.

Also, you must provide a stable employment history of 2 years and proof of income.

Apply on the mobile app

Mr. Cooper Mortgage allows customers to prequalify through the Mr. Cooper mobile app. It can be downloaded on the Google Play Store and Apple Store.

You’ll need to enter your basic information on the app to prequalify. It only takes a few minutes!

Furthermore, you can also use the mobile app to track your mortgage, access your statements, and more!

Find other loan options: Better Mortgage

happy couple with tablet pc computer at new home
Compare two lenders before making a decision! Source: Adobe Stock

If Mr. Cooper’s Mortgage didn’t seem like the best option for you, no hard feelings. We have another lender option ready.

Meet Better Mortgage! This lender offers a full-digital service and charges no hidden fees.

It provides an easy and simple application and allows customers to get customized rates easily.

Also, Better Mortgage allows qualifying homebuyers to make cash offers! Great right? Below, let’s compare the main features of both lenders to help you make your decision!

Mr. Cooper MortgageBetter Mortgage
Credit Score580 or higher;At least 620;
Loans OfferedConventional loans, FHA, Va, fixed and adjustable-rate, rate-and-term, cash-out, streamline refinancing, and investment property;Conventional, Jumbo, FHA, Fixed- and Adjustable-Rate, Rate-and-term and cash-out refinancing, and bridge loans;
Minimum Down Payment0% to 3.5%, depending on the home loan;As little as 3%;
APRSee terms;See terms;
Terms15 up to 30 years.Up to 30 years.

If Better Mortgage has got your attention, great! Keep reading to learn more about this lender!

The next article will explain how the application process works and how to qualify for it! Let’s get started.

Better Mortgage logo

Better Mortgage: how to apply

Learn how to apply for the Better Mortgage and achieve homeownership! Pay no hidden fees and estimate your monthly down payments.

About the author  /  Beatriz Vieira

Beatriz Vieira is a producer and copywriter who is part of the finance writer team in this portal. She has a degree in Journalism and aims to improve her bilingual writing skills. Her subjects of most significant interest are culture, finances, and self-development.

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