Where does Mr. Cooper do business?
Mr. Cooper is based in Dallas, TX. The company was founded in 2017 and offers mortgages to borrowers in 50 states across the USA (and Washington, DC)..
Does Mr. Cooper charge a mortgage origination fee?
Yes, Mr. Cooper may charge a loan origination fee.
Does Mr. Cooper charge prepayment fees?
Yes, Mr. Cooper charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.
What mortgage programs does Mr. Cooper offer?
Mr. Cooper offers the following mortgage programs:
- Conventional mortgages
- FHA 203k
What property usage types does Mr. Cooper allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Mr. Cooper allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
- Rental properties
- Inestment properties and house flipping projects
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia