Capital Home Mortgage Brownsville

Brownsville USDA Home Loans

Brownsville USDA Mortgage Lender

Brownsville USDA Home Loans

For many prospective buyers, owning a home can seem impossible due to financial obstacles like down payments and closing costs. For this reason, Capital Home Mortgage is happy to provide Brownsville homebuyers with the USDA Rural Home Loan.

The USDA loan is one of your best choices if you’re looking to purchase a home in a USDA-qualified area.

What You Need to Know About USDA Home Loans

The USDA loan is one of the most advantageous mortgages for rural and suburban homebuyers. These government-backed mortgages, issued through the Rural Development Guaranteed Housing Loan program, make homeownership more affordable for low- to moderate-income rural residents who may not qualify for conventional mortgage products.

USDA Loan Eligibility and Property Requirements

To qualify for a USDA loan, both the borrower and the property must meet USDA loan eligibility requirements. The property’s size, location, condition, income, and other qualifying factors determine your eligibility for a USDA loan.

The basic eligibility requirements for USDA home loans are as follows:

  • Residency:  

Must be a citizen of the United States, a legal permanent resident, or a qualified alien.

  • Income: 

Household income cannot exceed 115% of the area’s median income.  

  • Employment: 

Must have at least two-year history of stable and verifiable employment history.

  • Debt-to-income ratio (DTI): 

Debt payments should not be more than 41% of your gross income.  

  • Property Eligibility: 

To qualify for USDA loans, the property must be less than 2,000 sq. ft. without an in-ground swimming pool.

  • Occupancy: 

Single-family USDA loans can be used for primary residences only.

Credit Score Requirement for USDA loan

The USDA loan requires a minimum credit score of 640. But if you don’t have enough credit to get a credit score or your score is lower than 640, you can fill out a credit history worksheet, Form RD 1944-6, for consideration. This form allows you to use rent, utility bills, and phone bill payments to prove your creditworthiness to the lender.

Benefits of the USDA Home Loan

USDA loans could be an excellent option for borrowers who don’t qualify for conventional mortgages or for whom other government loan programs, like the FHA or VA, don’t make financial sense. The benefits of USDA loans to homebuyers include:

  • Zero Down Payment:

 With a USDA loan, the minimum required down payment is $0.00.

  • Low Fees: 

The borrowers only need to pay a 2% guarantee fee on the total loan amount. However, this cost can be included in the mortgage rather than paid upfront.

  • Great Interest Rates: 

The interest rates on USDA loans are typically lower than those on conventional or FHA loans. This is helpful because it means borrowers with less-than-perfect credit can access the same interest rates as those with perfect credit.

  • Streamlined Refinancing Process: 

With the USDA’s streamlined program, homeowners can refinance their mortgage in as little as three weeks. Credit checks, appraisals, and property inspections are no longer required. 

Get Started with Your Brownsville USDA Loan Today!

USDA loans can be a lifesaver for those who have had trouble getting approved for a conventional mortgage. The USDA mortgage requirements are forgiving and flexible, and they may be the ticket to homeownership for those with lower incomes.

 Contact a mortgage expert at (956) 307-3422 today to learn more about USDA loan requirements and how to get started with the application process.

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 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
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

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