Capital Home Mortgage Corpus Christi

Corpus Christi Native American Home Loans

Corpus Christi Native American Mortgage Lender

Corpus Christi Native American Home Loans

Are you a Native American looking to own a home in Corpus Christi? You may be able to obtain the financing you need through a Section 184 Native American home loan. This mortgage program is designed to help Native Americans achieve homeownership, provided they meet the eligibility requirements. All applications are made through the Office of Loan Guarantee of the U.S. Department of Housing and Urban.

Not all lending institutions can offer Native American Home Loans. A lender must be a participating lender accredited by the HUD. Capital Home Mortgage is a participating lender for Native American home loans in Corpus Christi. Our mortgage officers are well-versed in the legal requirements and processes to help get you started.

We’ve put together these facts about Native American home loans below so you can familiarize yourself with how the program works.

Qualification Requirements of Native American Loans

The borrower must be:

  1. A member of federally recognized American Indian or Alaskan Native tribes;
  2. A federally-recognized Indian tribe;
  3. A tribally designated housing entity, or;
  4. Indian Housing Authorities.

Section 184A covers home loans for Native Hawaiians. Aside from borrower requirements, you must get the loans in an eligible area. Section 184 has a list of approved counties. There are ineligible states which means that you Natives can’t get a loan, while there are states that require either full or partial approval.

What are the Benefits of Native American Home Loans?

Section 184 can give up to a 100% guarantee to banks and lending institutions to encourage them to accept Native American loans. Moreover, the down payment can go as low as 2.25% for loans over $50,000 or 1.25% for loans under $50,000. The interest rate is also market-based, so Native American borrowers need not worry about having a high credit score.

Native American home loans have an upfront guarantee fee of 1.5% at closing. However, borrowers don’t need to pay this out-of-pocket since you can finance it into the loan. Mortgage insurance is still present but minimal at 0.25% annual insurance premium, that is, if the loan-to-value is at least 78% or above.

What are the Limitations of a Section 184 Loan?

A notable limitation of this loan is that it’s not available in all states. However, you can still live in states that allow Native American home ownership. Once you get your loan, there are specific rules about fund usage. You can only use it in the following instances:

  • Purchasing a home in existing areas;
  • Constructing a home (including manufactured homes);
  • Rehabilitating homes;
  • Buying an old house and rehabilitating it;
  • Refinancing.

Get a Section 184 Home Loan from Capital Home Mortgage

Speak to our Corpus Christi Native American loan experts today to discuss your HUD 184 home loan. Capital Home Mortgage is committed to providing a seamless, enjoyable home-buying experience. As direct lenders, we make all the decisions regarding your loan, so there are no unnecessary delays. Get started today by calling (361) 724-3166.

Why Corpus Christi 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

Corpus Christi 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

Corpus Christi Native American Purchase Loans

  • Primary Residences Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed
  • Purchase an Existing Home
  • Construction of a New Home
  • Rehab an Existing Home
  • Purchase / Rehab Combo Loan

Corpus Christi Native American REfinance Loans

CAsh-Out or Renovation

  • Appraisal Required
  • 97.75% Max LTV for Rehab
  • 85% Max LTV for Cash-out
  • County Loan Limits Apply

Streamline REfinance

  • HUD 184 to HUD 184
  • No Income Qualification
  • No Appraisal Required
  • No Mortgage Lates in Last Year
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

Corpus Christi Texas Native American Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506
Shawna Johnson

Shawna Johnson

Manu / Reno / OTC
NMLS #1631859

Brad Rund

Business Dev Manager
NMLS #224674

Corpus Christi Mortgage Company Reviews

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