Capital Home Mortgage Austin

Austin Conventional Home Loans

Austin Conventional Mortgage Lender

Options For Austin Home Buyers

It might surprise you that several financing choices are available if you have never bought a property. When purchasing a new home in Austin, Texas, you have various home loan options, each with advantages and disadvantages. Do a thorough analysis of your financing alternatives as a prospective home buyer. Determining early on which mortgage best suits your needs will make it simpler for you to find the ideal property because the home loan application process can be lengthy. Mortgage Loan Options In Texas For Home Buyers You must locate the best mortgage to finance the purchase before starting your search for a new property. The following are some of the preferred choices for Texas homebuyers: – Conventional Loans Mortgages that are not federally guaranteed are referred to as conventional loans. They are divided into conforming and non-conforming categories.

     a) Conforming loans – 

As the name implies, adhere to the credit, debt, and loan size guidelines the Federal Housing Finance Agency (FHFA) set forth.

     b) Non-conforming loans – 

On the other hand, do not follow FHFA guidelines. They can exceed the maximum loan size allowed for a given sector, or they might be made available to borrowers with less-than-perfect credit or those who have suffered significant financial setbacks like bankruptcy. A conventional mortgage is often the best choice for purchasers with excellent credit who can afford a sizeable down payment.

– Jumbo Loans 

One category of non-conforming loans is jumbo loans. They are well-titled because these mortgages are utilized to pay for more expensive properties than those allowed by the FHFA. Homes cost more on average in places like Los Angeles, San Francisco, New York City, and Hawaii, where jumbo loans are popular. If you need to borrow money that exceeds the most recent conforming loan limits, a jumbo loan can be your best option. But keep in mind that the requirements for these loans are often stricter and require more thorough paperwork. Jumbo loans demand better FICO scores, larger down payments, and lower DTI ratios than most traditional loans.

– Federally Insured & Guaranteed Mortgages

Although the US government does not provide money for mortgages, it offers several options for more people to own homes.

      a) FHA Loans

These government-insured mortgages are designed to make homeownership accessible to those who lack the substantial down payment or excellent credit needed for most conventional loans. For borrowers with a FICO score of at least 580, FHA loans offer a maximum financing rate of 96.5 percent with a 3.5 percent down payment. Although there are some limits, those with credit scores between 500 and 579 may still be eligible for an FHA loan with a 10% down payment.

     b) USDA Loans

Borrowers with low-to-moderate income may use USDA-guaranteed home loans to buy a home in a rural location. You must purchase a home in a USDA-qualified area and satisfy specific income standards to be eligible. A USDA-guaranteed home loan is available to qualified borrowers with no down payment.

      c) VA Loans

FHA and USDA-Guaranteed home loans are ideal options for those who cannot obtain a conventional loan due to a poor credit score or a lack of down payment resources. Because of its excellent mortgage terms, VA loans are only available to military personnel, veterans, and spouses. The VA home loan program offers eligible servicemen and women 100% financing. If you’re looking to buy a fixer-upper, you might want to look into the FHA 203k loan or other Texas home improvement financing options.

One-Step Closer To Your Dream House

Even though these choices might seem difficult initially, you don’t have to sort them out alone. Your Capital Home Mortgage loan expert would be happy to discuss the differences with you in-depth and give recommendations for solutions that make the most sense for you. You can rely on our home loan specialists to assist you in finding a mortgage that satisfies your needs in terms of money and lifestyle. Whether you are a first-time buyer or a seasoned homeowner, we have options that suit you. Are you looking to purchase a brand-new house in Austin? Prequalify right away with Capital Home Mortgage! Call us at (512) 237-7400 to get started on your path to homeownership.
Why Austin HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates & Low Fees

Exceptional Service

7  Day a Week Support Application to Final Payment

Austin Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

austin Conventional Purchase Loans

Conventional Purchase Mortgage Lender
  • Freddie Mac or Fannie Mae Insured
  • Primary, 2nd or Investment Homes
  • Single and Multi Family
  • Condo’s and Manufactured Homes
  • MORTGAGE INSURANCE OPTIONS
  • LOWER RATES & FLExIXBLE TERMS
  • MAXIMUM LOAN AMOUNT – $766,550
  • HIGH BALANCE (VARIES BY COUNTY)

Austin Conventional Refinance Loans

Conventional Refinance Mortgage Lender
  • Freddie Mac or Fannie Mae Insured
  • Primary, 2nd or Investment Homes
  • Single and Multi Family
  • Condo’s and Manufactured Homes
  • Mortgage Insurance Options
  • Lower Rates & Flexible Terms
  • Maximum Loan Amount – $766,550
  • High Balance (Varies By County)

Austin Conventional Renovation Loans

Conventional Renovation Mortgage Loans
  • 95% LTV Primary  Residence
  • 97% LTV 1st Time Buyer Single Family
  • 85% LTV on 1 Unit Investment
  • 90% LTV on Second Home
  • Minimum Credit Score 620
  • Luxury Renovations are Eligible
  • Maximum Loan Amount – $766,550
  • High Balance (Varies By County)
Austin Mortgage Programs

Austin Home Purchase

Thinking of Buying an Austin Home?

Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.

  • Primary, Secondary, Investment
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo, Non QM
  • Reverse, Renovation, Manufactured

Austin renovation home loans

Looking to Rehab an Austin Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not look at a renovation loan?  Purchase the Perfect Home and make it your own. Call today.

  • Remodel, Renovate or Repairs
  • FHA 203K Streamline or full
  • fannie mae homestyle reno
  • freddie mac home choice reno

Austin FHA Home Loans

Great for 1st Time Austin Homebuyers

FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket.   Call today to get started.

  • Smaller Down Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores OK

Austin VA Home Loans

100% Financing for Austin Veterans

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.

  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Lower Credit Scores Accepted
  • Manual Underwriting Allowed

Austin Conventional Home Loans

Flexibility for Austin Homebuyers

Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a Loan Officer.

  • Primary, 2nd Home, Investment
  • Great Rates & Low Fees 
  • Single Family and Multi-Family
  • Renovation Loan Programs

Austin Jumbo Home Loans

Austin Non Conforming Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits.  Call today to speak to a loan officer.

  • Primary Residence and 2nd Homes
  • Higher Loan Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines

Austin USDA Home Loans

100% Rural Austin Home Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.

  • Rural Properties Only
  • Primary Residence Only
  • Geographic Restrictions
  • Income REstrictions

Austin Native American Home Loans

Austin HUD 184 Home Loans

HUD 184 Home Loans are solely for Native American and offer a variety of benefits.  Call today to speak with a loan officer to find out more.

  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed

Austin Manufactured Home Loans

Great Alternative Austin Housing

Austin reverse mortgages

Your Austin Home at Work

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.

  • primary residence only
  • simple qualifying – equity based
  • credit scores not applicable
  • Minimum age 62

Austin Non QM Home Loans

Making Austin Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.

  • Purchase, Rate and Term & Cash-out
  • Primary, Secondary and Investment
  • Full Doc & Bank Statements Programs
  • Corporations OK

Austin One Time Close Home Loans

Build Your Austin Dream Home

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.

  • Primary Residence Only
  • Close Once
  • Lock Rate at Contract
  • Traditional Final Mortgage

Austin Refinance Mortgage Loans

Austin Rate & Term Refinance

Refinancing can be a hard decision and the payback can sometimes be confusing.  Call today and let our Loan Officers walk you through the process.

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Appraisal Waivers
  • Streamline Options Available

Austin Cash-out Home mortgages

Austin Equity Mortgage Loans

Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.

  • Debt Consolidation
  • Investment Opportunities
  • Home Improvement
  • Vacation or Education

Austin Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

Austin Mortgage Company Reviews

Texas Cities

Houston Home Loans

San Antonio Home Loans

Dallas Home Loans

Austin Home Loans

Fort Worth Home Loans

El Paso Home Loans

Corpus Christi Home Loans

Laredo Home Loans

Lubbock Home Loans

Amarillo Home Loans

Brownsville Home Loans

Killeen Home Loans

Midland Home Loans

Waco Home Loans

Odessa Home Loans

Abilene Home Loans

College Station Home Loans

Beaumont Home Loans

Wichita Falls Home Loans

San Angelo Home Loans

San Marcos Home Loans

Galveston Home Loans

Tyler Home Loans

Mcallen Home Loans

Stephenville Home Loans

Texarkana Home Loans

Round Rock Home Loans

Accessibility Toolbar