4.3
6.4
Overall Score
Author: Kaitlyn Short
Mr. Cooper, formerly known as Nationstar Mortgage, is a direct online lender specializing in new home loans and refinancing. The company offers a variety of loan types and the convenience of managing your loan online or through the Mr. Cooper mobile app.
Continue reading for a full review of this company or jump down to read Mr. Cooper reviews from real customers.
Mr. Cooper's rates are comparable with other mortgage lenders. Daily updated rates are provided on the Mr. Cooper website which can help you make monthly payment estimates — many mortgage lenders don't provide updated rates on their websites.
For a new home purchase, Mr. Cooper offers various loan types, including some government-insured options that can make homeownership a reality for more homebuyers:
For a conventional loan, you can choose between a fixed rate mortgage or an adjustable rate mortgage (ARM), which can affect your starting interest rate and subsequent monthly payments.
If you'd like to lower your monthly payment, refinancing can be a good option, and Mr. Cooper provides three refinancing options:
It is worth noting that Mr. Cooper doesn't offer any home equity products.
Mr. Cooper makes it easy to manage your mortgage anywhere and at any time with its mobile app. Available on both iOS and Android devices, you can easily make monthly payments, check your credit score, or access and keep track of important mortgage documents.
Mr. Cooper reviews are currently limited, but they are primarily positive with the majority of customers awarding the company 4 or 5 stars. Satisfied customers frequently highlight the following from their experience with the lender:
We aren't able to give a conclusive recommendation of this company because reviews are currently limited, but based on current sentiment and ratings, Mr. Cooper could be a good choice for your mortgage needs.
While Mr. Cooper does offer FHA and VA loans, common types of government-insured loans, it doesn't offer a USDA loan option. USDA loans are insured by the U.S. Department of Agriculture and provide a specialized zero down mortgage option for homeowners looking to purchase an eligible rural property.
Mr. Cooper provides various loan options with competitive interest rates for both new home purchases and refinances. Mr. Cooper also makes it simple and easy to manage your mortgage loan with an easy online application process, as well as a customer-praised mobile app.
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John LaGreca Ocala, FL
2 years ago
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Christina Holmes Kalamazoo, MI
2 years ago
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3 years ago
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Brittany Mayes Mooresville, NC
3 years ago
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Daniel Johnson Barrington, IL
3 years ago
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Rosie Ewing Houston, TX
3 years ago Edited September 14, 2021
Darlene M. Dortch Chicago, IL
4 years ago
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2 years ago
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Brooke Redburn Nevada, MO
2 years ago
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Sirdriz77 Fairfield, CT
2 years ago
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Luke Swierczynski Waterford, MI
3 years ago
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Robert Council Murrells Inlet, SC
2 years ago
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DogLover17 Macomb, MI
2 years ago
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Rick Froid Park Ridge, IL
3 years ago Edited February 14, 2022
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Jason McDonald Columbus, IN
2 years ago
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Richard ORourke Avon Lake, OH
2 years ago
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hemant mahidhara Grafton, MA
3 years ago Edited September 14, 2021
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Jmarsh Macomb, MI
3 years ago
Jacqueline Proctor Feasterville, PA
6 years ago
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2 years ago
IRIS LOPEZ Houston, TX
6 years ago
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2 years ago
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enelson3903 Bowie, MD
3 years ago
Michael DAmato
4 years ago
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6 years ago
Christina and Roland McGeorge
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6 years ago
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John Dittmer Lorton, VA
2 years ago
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Jmac Garland, TX
2 years ago
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RB Lancaster, CA
3 years ago
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