An FHA Loan may be a great option for people who do not qualify for a Conventional loan. Government-backed FHA Loans offer competitive rates, flexible credit requirements, and down payments as low as 3.5%.

Mortgage assistance is a general term that covers a variety of programs and solutions intended to help homeowners who are experiencing financial difficulty and having trouble making their mortgage payment.

You may hear FHA loans mentioned. These are loans backed by the Federal Housing Administration. But there may be state or local programs available too that help borrowers who otherwise wouldn’t be able to afford or qualify for a mortgage.

If you want to transfer ownership of your property into a Trust or to your spouse/children, you’ll need to notify Mr. Cooper and provide one or more of the following documents: Deed – This document is used to validate that you are an owner of the property.

Complete a mortgage assistance application online now and let us know what’s going on. We’ll help you determine a plan of action and next steps based upon your circumstances. You can also contact us if you have questions or need to speak with an agent. What mortgage assistance is ava...

Here’s how to request the transfer of an FHA or VA case number from Mr. Cooper: Download and complete the Case Transfer Request Form. Obtain a signed letter from the borrower requesting the transfer.

What is SOFR, and how does it relate to my ARM loan? The interest rate of your adjustable-rate mortgage (ARM) is currently calculated based on the published Secured Overnight Financing Rate (SOFR) index. Until 6/30/2023, it was based on the London Interbank Offered Rate (LIBOR) index.

A verification of mortgage (VOM) is an official statement that verifies your existing loan terms and provides a rating of the payment history, including if the loan was current or delinquent for each month listed. It reflects only the most recent 12 months of your loan, excluding the...

An FHA Loan may be a great option for people who do not qualify for a Conventional loan. Government-backed FHA Loans offer competitive rates, flexible credit requirements, and down payments as low as 3.5%.

Required if you live in an area with special flood hazards and it can be paid through your escrow account. This is determined by FEMA and based on flooding within the last 100 years. Generally, flood policies must provide coverage, at a minimum, of the lowest of the following amoun...