Capital Home Mortgage Dallas

Dallas FHA home loans

Dallas FHA Mortgage Lender

Dallas FHA Home Loans

Many people dream of owning a home, but with marginal credit and limited down payment capital, it can be daunting to get a home loan. Fortunately, the Federal Housing Administration (FHA) mortgage program makes homeownership more accessible for Americans. 

Here’s what you need to know about our Dallas FHA home loans at Capital Home Mortgage.

Dallas FHA Loan Requirements

FHA loans offer a more relaxed approach to mortgage financing than conventional mortgages. You can get an FHA loan with credit scores between 500 and 579, but it will require at least a 10% down payment. If your score is 580 or higher, you may qualify with a downpayment as low as 3.5%.

The documents you submit to prove your ability to pay a loan will be reviewed thoroughly before approval. With credit history being a significant factor in home ownership, it can be difficult for those with marginal or limited credit to get a loan. 

That’s why it’s crucial to ensure that all outstanding debts, including credit card dues and other financial obligations, such as taxes, are settled before applying for this mortgage.

Dallas FHA Loan Limits

To get an FHA loan in Dallas, you’ll need to meet the requirements set forth by the Federal Housing Administration. One is the maximum loan limit that your lender can give you.

For 2024, there are two different loan limits depending on where you live. The FHA’s low-cost area range starts at $563,500 and goes up to around $1,083,650. Meanwhile, high-cost areas have a higher ceiling of $1,149,825.

The FHA website provides the most up-to-date information on limits, and we’re happy to walk you through the set limits for this year. 

Types Of FHA Loans in Dallas

Depending on your circumstances, the FHA offers several different kinds of loans. At Capital Home Mortgage, we offer four types: the standard FHA loan or Section 203(b), a renovation loan or Section 203(k), an energy-efficient mortgage program (EEMP), and a growing equity mortgage or Section 245.

  • 203(b) – The most common FHA loan is the 203(b), or an FHA Purchase Loan, which is best for first-time homebuyers who may not have much saved up for a down payment.
  • 203(k) – An FHA 203(k) is perfect for those who want to purchase a home that needs repairs, allowing you to finance both the purchase and rehabilitation of the property all in one loan. This loan has two variants: Limited 203(k) and Standard 203(k).
  • EEMP – An Energy Efficient Mortgage Program (EEMP) is your go-to mortgage if you want to make energy-efficient improvements to your home. This loan could be anything from solar paneling to a new roof or windows.
  • Section 245 – The FHA Section 245 mortgage is designed to help those with a growing income. If your income has increased or is expected to rise, this FHA loan will work perfectly for you since it allows you to adjust your monthly payments to match your new salary.

Apply for an FHA Loan in Dallas

Capital Home Mortgage is here to make your dream of homeownership come true. We have FHA loan programs tailored to each borrower’s needs. We make all the decisions in the loan process, meaning no unnecessary waiting or going through multiple people who don’t know what they’re doing! We offer competitive interest rates, too!

Call us today at (214) 372-0015 to discuss your Dallas FHA home loan. 

Why Dallas 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

FHA Mortgage Rates Dallas Texas

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

FHA Home Purchase Loans Dallas Texas

FHA Purchase Mortgage Lender
  • Simple Qualifying
  • Smaller Down Payment
  • Seller Paid Closing Costs
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores Allowed
  • Manufactured Housing OK

FHA Refinance Home Loans Dallas Texas

FHA Refinance Mortgage Loans

FHA Standard Refinance

  • Appraisal Required
  • 97.75% Max Loan to Value
  • Closing Costs Can Be Rolled In
  • 80% Max Loan to for Cash-out
  • Cash-out Option Available
  • County Loan Limits Apply

FHA Streamline Refinance

  • FHA to FHA
  • No Income Qualification
  • No Appraisal Required
  • Closing Costs Cannot Be Rolled In
  • No Lates on Mortgage in Last Year
  • Payment Must Drop on Fixed Rates

FHA Renovation Home Loans Dallas Texas

FHA 203K Mortgage Loans

FHA 203K is a great option for makes cosmetic changes to an older home.  It allows a FHA buyer to update out of date cosmetics of a home as part of purchase or refinance.  Make that old home new with a Streamline 203K renovation.

  • Purchase & Refinance Options
  • Primary Residences Only
  • Single, Multi Family & Condo’s
  • As-Is Improved Renovated Value
  • 203K Streamline
  • Less < 35K, Cosmetic Repairs Only
  • 203K Full Rehab
  • Greater > 35K, No Restrictions
Dallas Mortgage Programs

Dallas Home Purchase

Thinking of Buying a Dallas 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

Dallas renovation home loans

Looking to Rehab a Dallas 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

Dallas FHA Home Loans

Great for 1st Time Dallas 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

Dallas VA Home Loans

100% Financing for Dallas 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

Dallas Conventional Home Loans

Flexibility for Dallas 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

Dallas Jumbo Home Loans

Dallas 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

Dallas USDA Home Loans

100% Rural Dallas 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

Dallas Native American Home Loans

Dallas 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

Dallas Manufactured Home Loans

Great Alternative Dallas Housing

Dallas reverse mortgages

Your Dallas 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

Dallas Non QM Home Loans

Making Dallas 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

Dallas One Time Close Home Loans

Build Your Dallas 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

Dallas Refinance Mortgage Loans

Dallas 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

Dallas Cash-out Home mortgages

Dallas 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

Dallas 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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