Capital Home Mortgage Austin

Austin VA Home Loans

Texas VA Mortgage Lender

V.A. Home Loan In Austin

The U.S. Department of Veterans Affairs offers V.A. home loan options to assist you in purchasing, building, remodeling, and refinancing an existing mortgage. The department guarantees a percentage of the loan from a private lender. The guarantee lets the lender recoup losses if your VA-backed mortgage is foreclosed. Lenders are more inclined to grant you a loan with better terms since they face less risk. No down payment is required for about 90% of all VA-backed mortgages.

Lenders adhere to the V.A. requirements when providing home loans backed by the V.A. Before they grant you a loan, they could put additional requirements on you. These requirements could include obtaining an updated house valuation (an expert’s estimation of your property’s value) or having an acceptable credit score.

What Is A VA Home Loan?

Veterans, active duty service members, and some military spouses may qualify for a V.A. loan, which requires no down payment. Private lenders, such as banks or mortgage firms, originate V.A. loans backed by the U.S. Department of Veterans Affairs (V.A.).

The United States government established the V.A. home loan in 1944 to assist returning military veterans in buying homes without a down payment or excellent credit. More than 25 million V.A. loans have been guaranteed by this illustrious program, helping veterans, active duty service members, and their families in either buying or refinancing a house.

V.A. Eligibility Requirements

You or your spouse must meet the minimum service requirements established by the Department of Veterans Affairs (V.A.), possess a current Certificate of Eligibility (COE), and meet the lender’s credit and income requirements to be eligible for a V.A. loan.

If you satisfy one or more of the following requirements, you may well be qualified for a V.A. loan:

  • During the war, you were on active duty for 90 days straight.
  • During peacetime, you were on duty for 181 days.
  • You have six years of experience in the Reserves or National Guard.
  • You were a service member’s spouse who passed away in the line of duty or suffered a handicap due to their service.

For lenders to confirm that a Veteran satisfies the minimal service criteria, they need a Certificate of Eligibility (COE). Your COE proves to the lender that you are eligible for V.A. loan benefits.

A COE is also required for surviving spouses to access their V.A. loan benefits and confirm their eligibility. Whether you are getting Dependency and Indemnity Compensation determines if you are eligible for a COE as a surviving spouse.

In addition to completing VA Form 26-1817 (Request for Determination of Loan Guaranty Eligibility – Unmarried Surviving Spouses), spouses receiving Dependency and Indemnity Compensation benefits must also get a copy of the Veteran’s separation documents, such as a D.D. Form 214.

V.A. Credit Score And Income Requirements

The minimum credit score needed to qualify for a V.A. loan is not specified by the V.A., but lenders usually require it. As a result, different lenders have different requirements for V.A. loans’ credit scores; generally, to get financing, most lenders need a mortgage credit score of 620.

The VA also requires qualified Veterans to keep a specific monthly income after paying all significant debts and expenses. The surplus, often referred to as “residual income,” should be sufficient to cover everyday household expenses like food, transportation, and medical care.

The VA increases the likelihood that borrowers will make enough money to cover all financial commitments by enforcing residual income standards and ensuring borrowers have a safety net in an emergency.

Lenders also take your debt-to-income ratio (DTI) into account. DTI and residual income give lenders a comprehensive view of your purchasing power and V.A. loan eligibility.

Apply For An Austin VA Home Loan

Veterans and active duty military personnel can begin the application process to determine if they qualify for a V.A. loan. During the initial step, loan pre-approval, you’ll understand your chances of obtaining a V.A. loan. You are not obligated to use a specific lender or continue the home-buying process if you apply for a V.A. loan.

Capital Home Mortgage is a full-service Home Mortgage Company offering a full line of mortgage products, particularly an Austin VA home loan. Call us at (512) 237-4700 or Apply Online to get pre-approved for a V.A. 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 VA Purchase Loans

VA Purchase Mortgage Lender
  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Lower Credit Scores Accepted
  • Manual Underwriting Allowed
  • No Monthly Mortgage Insurance
  • Seller concessions to 4%
  • higher debt to income Allowed
  • Manufactured homes permitted

Austin VA Refinance

VA Refinance Mortgage Lender
  • VA IRRRL Rate & Term
  • Streamline Option
  • No Appraisal Required
  • No Income Verification

Austin VA Eligibility

  • Active Duty – 90 days Wartime / 180 Days Peacetime
  • Honorable Discharged – 22 Months of Completed Service
  • National Guard / Reserves – 6 Years Completed Service
  • Spouse of a Service Member who Died in the line of Duty or Service related Disability
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

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