Capital Home Mortgage BROWNSVILLE

BROWNSVILLE Jumbo Home Loans

BROWNSVILLE Jumbo Mortgage Lender

Brownsville Jumbo Home Loans

Some homes are a little (or a lot) more expensive than others. A jumbo loan can get the financing you need if your eyes are set on a property well above the Brownsville loan limits.  

With a Capital Home Mortgage Jumbo Loan, your dream home is within reach! But—before you apply, we suggest you read our comprehensive guide to Brownsville jumbo loans to see if it is the right choice for you.

What are Jumbo Loans?

You’ve probably heard of the term “jumbo loan” before and, like many others, wondered what it means. No, the “jumbo” does not refer to the size of the house but its price. 

A jumbo loan is designed for financing expensive, higher-end properties that cost way beyond the loan limits of a conventional loan. They are not limited by specific mortgage standards, exceeding conforming loan limits by up to 150%, which makes them ideal for anyone who wants to purchase a high-value home or sizable residential property.

The Federal Housing Finance Agency (FHFA) sets the conforming loan limit each year, with most of the U.S. limited to $647,200 for a conventional home loan in 2022. Anything higher than that amount is jumbo mortgage territory.

Borrowers with good credit and sufficient household income can get a jumbo loan of up to $970,800.

Jumbo Loans vs. Conforming Loans

A jumbo loan and a conventional mortgage both serve the same function: to provide financing for a home. However, they vary significantly in terms of requirements and loan amounts.

Jumbo loans do not adhere to Fannie Mae’s and Freddie Mac’s guidelines, two government-sponsored enterprises that buy mortgages from lenders. They exceed the loan limit and, as a result, are not qualified for purchase by either entity.

Also, jumbo loans typically have higher credit scores and down payment requirements than conventional mortgages. And, because fewer mortgage companies are willing to loan such large sums, borrowers have limited options and may find it challenging to find a lender to work with.  

Qualifying for a Jumbo Loan in Brownsville

Many mortgage lenders offer jumbo loans at surprisingly competitive rates to attract borrowers, but this doesn’t mean it’s easy to get one. It’s quite the opposite.

Jumbo mortgages are difficult to procure. A higher loan value inherently poses more risk for the lender, so they must be stricter on who they lend. Plus, the bigger the loan, the longer it takes borrowers to pay them off. 

Still, getting approved for a jumbo loan is possible as long as you meet the requirements and prove that you’re financially capable of covering the payments.

Lenders have stricter qualifications for jumbo loans. They typically look for near-perfect credit scores (ideally above 700) and lower debt-to-income ratios (anywhere between 43% to 36%.) The borrower must also earn sufficient income to cover their monthly expenses, mortgage, and other debts.

If you are self-employed or have varying sources of income, your lender may require more documentation for income verification. Additionally, your lender will want to know how much cash you have on hand and may request proof of reserve funds, such as savings or jewelry, to ensure you have enough money to cover future mortgage payments. Your reserve funds can go a long way in proving your capability to repay your loan on time.

Of course, with a higher loan amount comes a higher down payment. Many lenders accept as little as a 3% down payment for conforming loans but ask for a 15% to 20% down payment for jumbo loans. At Capital Home Mortgage, however, we have a variety of jumbo loan programs, some offering lower down payment options based on your qualifying circumstances.

Interested in a Brownsville Jumbo Loan?

The ideal borrower will have a low debt-to-income ratio, excellent credit, and the ability to make a substantial down payment. If you meet these criteria and want to purchase a high-value home in Brownsville, a jumbo loan could be your best shot at getting the property you wish.

Capital Home Mortgage has access to a range of jumbo loan programs to meet the needs of Brownsville borrowers. We’ll get you the financing you need at payments you can afford!

Why BROWNSVILLE 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

BROWNSVILLE 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

BROWNSVILLE Jumbo Home 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
Texas Mortgage Programs

Texas Home Purchase

Thinking of Buying a Texas 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

Texas renovation home loans

Looking to Rehab a Texas 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

Texas FHA Home Loans

Great for 1st Time Texas 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

Texas VA Home Loans

100% Financing for Texas 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

Texas Conventional Home Loans

Flexibility for Texas 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

Texas Jumbo Home Loans

Texas 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

Texas USDA Home Loans

100% Rural Texas 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

Texas Native American Home Loans

Texas 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

Texas Manufactured Home Loans

Great Alternative Texas Housing

Texas reverse mortgages

Your Texas 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

Texas Non QM Home Loans

Making Texas 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

Texas One Time Close mortgages

Build Your Texas 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

Texas Refinance Mortgage Loans

Texas 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

Texas Cash-out Home mortgages

Texas 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

Brownsville Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

BROWNSVILLE Mortgage Company Reviews

Brownsville Mortgage Company Reviews

What is a Brownsville Jumbo Mortgage Loan?

Jumbo home loans, also called a non-conforming home loans, are home loan that exceeds the county lending limits of the GSE’s Fannie Mae and Freddie Mac.  Jumbo loans are backed by private investors and have different underwriting requirements from traditional Conventional and government home loans.   These guidelines are typically more restrictive, but do make it possible for larger home purchases to be financed. 

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