Capital Home Mortgage Brownsville

Brownsville Non Qualified Mortgages

Brownsville Non Qualified Mortgage Lender

Brownsville Non-Qualified Mortgage

 As you progress through the home-buying process, you’ll notice that mortgage lenders usually have similar qualification requirements for borrowers. Your application will likely be denied if your income or credit history does not meet the stringent guidelines for conventional mortgage products.

 But just because you were denied a conventional loan doesn’t mean homeownership is out of reach. With our non-qualified mortgage products, Capital Home Mortgage makes homeownership possible for Brownsville borrowers with diverse financial backgrounds.

What is a Non-Qualified Mortgage?

 A non-qualified mortgage is a type of home loan that does not meet the requirements and limitations of conforming mortgages. These loans, also known as non-conforming loans, typically have much lower eligibility requirements in terms of debt-to-income ratios, credit scores, and loan amounts. You don’t even need a 20% down payment, which is required for some conventional mortgages, so you have more chances of obtaining a home loan, even if your financial situation is far from perfect. 

Qualified vs. Non-Qualified Mortgages

 The primary distinction between qualified mortgages and non-qualified mortgages is how closely they adhere (or do not adhere) to consumer protections established by the Dodd-Frank Act and the Consumer Financial Protection Bureau (CFPB) that govern home loan interest rates and fees.

 Non-QM loans use alternative income verification methods, whereas qualified mortgages adhere to strict credit and income verification guidelines. Qualified mortgage lenders must verify that borrowers can repay their loans to protect both parties from overborrowing.

Who Benefits From Non-Qualified Mortgage Loans?

 Non-qualified loans are helpful for people who have found their dream home but were turned down for a home loan because they didn’t meet qualified mortgage standards. If you were denied a traditional home loan, a non-qualified mortgage could provide the financing you need until you can meet the requirements for a conventional loan and refinance.

 A non-qualified mortgage could be worth considering if you belong to one of the following types of borrowers:

  •  Borrowers with less-than-stellar credit
  • Borrowers with a high DTI ratio
  • Self-employed borrowers
  • Small business owners
  • Independent contractors
  • Foreign nationals
  • Retirees
  • Real estate investors 

Getting a conventional loan from a traditional lender is usually complicated if you’re in any of these situations. Without a weekly or monthly paycheck, lenders might ask you for many financial documents to prove your income and capacity to pay before deciding whether to grant you a loan. Worse, if you are self-employed, your application may be turned down immediately, even if you have a good credit score and a long credit history.

We Make Homeownership a Reality.

Capital Home Mortgage’s non-qualified mortgage loan makes it much easier to apply and get approved for a home loan. And because there’s less paperwork for you to comply with, we can process and close your loan faster, too! 

If you think a Brownsville non-qualified mortgage is not for you, our seasoned loan officers can help you sort through alternative mortgage options until you find something that truly meets your needs. 

Are you ready to become a homeowner? Contact us today at (956) 307-3422! 

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
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 Texas 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

Accessibility Toolbar