Capital Home Mortgage Dallas

Dallas Non Qualified Mortgages

Dallas Non Qualified Mortgage Lender

Dallas Non-Qualified Mortgage

Standard loans impose stringent requirements. Accessing a loan can be tricky since it would be impossible to tick all the loan requirements. An alternative solution for individuals needing mortgage financing is to take a Non-qualified mortgage or non-QM.

Capital Home Mortgage offers non-QM loans to interested applicants in Dallas with unique sources of income or low credit scores. We’ll work with you to find the best loan deal that benefits both parties. Learn more about non-QM loans or contact our home loan specialists today for greater detail.

What is a Non-QM Loan?

A non-QM loan is a mortgage program that doesn’t comply with the standard requirements of a qualified loan. The Feds set minimum requirements for all loans, such as the required credit score and down payment. In a non-QM, borrowers can submit an alternative requirement to replace the minimum requirement.

At Capital Home Mortgage, we still use the minimum requirements set by the Feds, but we give more leeway and flexibility to the borrower. Hence, you’ll need to submit all requirements you can produce, and we’ll review them carefully.

Qualification Requirements for Non-QM Loans

The requirements are similar to standard loans. The only difference is that we might accept an alternative form of documentation for a home loan. We still operate within legal and administrative requirements. We might ask you to provide documents such as W-2 statements, pay stubs, and tax returns. If you’re receiving remittances or alimony, we’ll need to see strong evidence of these sources of income.

Your credit score is much of a factor for non-QM loans. However, credit scores don’t immediately dictate the outcome of the application. We must examine other requirements and exhaust all options before denying the application.

What to Watch Out for in Non-QM Loans

In non-QM loans, there are unique features that you might encounter. First, there are interest-only payments. This kind of feature doesn’t amortize the principal amount of the mortgage. You only pay the interest that accrues and eventually settle the principal amount at maturity. Non-QM loans might also have longer loan terms than usual. It can be 40 or 50 years compared to conventional loans’ most extended 30-year term. Lastly, there might be balloon payments. Under this feature, you’ll pay a more significant amount after the end of an agreed-upon period.

With non-QM loans, expect the lender to impose high-interest rates and upfront fees to compensate for the risk of lending. You can reduce this by providing strong evidence of income source or good credit history.

Apply for a Non-QM Loan in Dallas

Just because you don’t qualify for traditional mortgages doesn’t mean you can’t access home financing when needed. Talk to our mortgage specialists about your non-QM loan in Dallas today. Give us a call at (214) 372-0015 to get started. 

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

Dallas 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

Dallas Texas Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

Dallas Mortgage Company Reviews

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