Capital Home Mortgage Austin

Austin USDA Home Loans

Austin USDA Mortgage Lender

USDA Loans In Austin & Surrounding Areas

The United States Department of Agriculture administers USDA loans through the USDA loan program, often known as the USDA Rural Development Housing Loan Program. One hundred twenty-seven thousand families received assistance from the USDA in 2017 to purchase and renovate their homes and improve rural America’s economy and quality of life. It has no down payment and carries competitive interest rates.

What Is A USDA Loan?

A USDA home loan is a no-money-down home loan program for borrowers buying or building a home in a USDA-designated rural area. There are two types of USDA home loans, (a) Direct and (b) Guaranteed.

  • USDA Direct Home Loan

The Section 502 Direct Loan Program offers support to low- and very-low-income applicants to help them afford good, secure, and hygienic housing in designated rural areas. An aid program known as payment assistance temporarily lowers the monthly mortgage payment. The family’s adjusted income calculates how much assistance is provided.

When establishing a candidate’s eligibility for Single Family Direct Home Loans, several factors are considered. To be eligible for a direct loan, applicants must, at the very least, have an adjusted income that is at or below the low-income threshold in the area where they intend to purchase a home, as well as show that they are willing and able to make payments on their mortgage.

Applicants must also meet the following criteria:

  • be without a safe, secure, and clean place to live;
  • not be able to get a loan from other sources on terms and conditions that are expected to be met;
  • Agree that you will use the home as your primary residence;
  • possess the authority to enter into a loan agreement;
  • satisfy the prerequisites for citizenship or eligible noncitizenship;
  • not have their participation in federal programs canceled or prohibited.

Direct loan program-financed properties need to:

  • usually be no more than 2,000 square feet;
  • not exceed the applicable area loan limit in market value;
  • not be intended for activities that generate income.
  • USDA Guaranteed Home Loan

The Section 502 Guaranteed Loan Program helps approved lenders offer low- and moderate-income families the chance to buy adequate, modest, decent, safe, and hygienic homes as their principal residence in qualifying rural areas. In an approved rural area, qualified candidates may use 100% financing to buy, build, renovate, upgrade, or relocate a home. To reduce the risk of offering 100% loans to qualified rural homebuyers, the program provides approved lenders with a 90 percent loan note guarantee. This means people who qualify can purchase a property with no money down!

This initiative enables lenders to collaborate with low- and moderate-income rural households to make homeownership possible. Affordable homeownership choices encourage prosperity, which fosters thriving communities and raises the standard of living in rural places.

Borrowers applying for the USDA Guaranteed Home Loan program must meet the following requirements:

  • Must have a household income of no more than 115% of the area median income;
  • Must use and live in the home as their primary residence;
  • Must be a US citizen, a US non-citizen national, or a qualified resident alien.

How May The Funds Be Used

Individuals or households may use loan funds to acquire properties in rural areas. Funds can be used to purchase and prepare lands, install water and sewage systems, or build, repair, renovate, or relocate a residence.

Apply For Austin USDA Home Loan

Capital Home Mortgage is a Texas-approved USDA lender that will handle the loan application process. Speak with one of our USDA home loan specialists at (512) 237-7400 or initiate an online application to get started on your USDA-guaranteed home loan.

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 USDA Mortgage 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.

  • Guaranteed by US Depart of Agriculture
  • Rural Properties Only
  • 100% Financing
  • No Restrictions on Seller Concessions
  • Low Monthly Mortgage Insurance
  • Acreage Up to 30% of Total Value
  • FHA/USDA Certified Appraisers only
  • Guarantee Fee May be Rolled In
  • New Manufactured Home Only
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 Texas Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

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