Capital Home Mortgage Dallas

Dallas Reverse Mortgage Loans

Dallas Reverse Mortgage Lender

Dallas Reverse Mortgage

Senior citizens whose wealth is tied to their homes can’t enjoy the value of their investment. If there were a way to convert that home equity into cash without selling the property, there is a mortgage product called a reverse mortgage. This program is only available to individuals 62 years and above. It offers a great way to finance their medical treatments, travel, and lifestyle. 

Reverse mortgages provide additional cash flows to senior citizens who want to realize the value of their homes. The lender pays them the agreed amount and is then authorized to put a lien on their property — the right to sell the property after the homeowner’s demise to recoup the money they originally loaned out. Depending on the agreement, the borrower can receive monthly, quarterly, or lump sum payments. 

Capital Home Mortgage offers reverse mortgages for qualified Dallas applicants. Learn more about reverse mortgages, or call our Dallas home loan experts to get in-depth details of this program.

Types of Dallas Reverse Mortgage

There are different types of reverse mortgages. You can get government-backed reverse mortgages, proprietary, or single-purpose. Some reverse mortgage programs limit the usage of monthly payments, while there are programs that don’t impose limitations. Let’s go over them one by one.

  • HECM Reverse Mortgage

Are you looking for a reverse mortgage with no fund usage limitation and much cheaper than conventional reverse mortgages? Check out Home Equity Conversion Mortgages or HECM. This mortgage product is government-backed, particularly by the Federal Housing Administration (FHA). HECM takes over most reverse mortgages today because it is more liberal and affordable than other products.

  • Proprietary Reverse Mortgage

Since HECM mortgages are popular, we recommend choosing proprietary reverse mortgages if your credit standing ranges from very good to excellent. A proprietary reverse mortgage suits borrowers with luxurious properties because the mortgage payments to the owner can help with maintenance and other costs like real property taxes. However, proprietary reverse mortgages are expensive for borrowers with low credit scores because interest rates can soar quickly.

  • Single-purpose Reverse Mortgage

Because of its limitations, a single-purpose reverse mortgage is the least popular of all the reverse mortgages. The institution that will finance this mortgage often allows usage of the mortgage payments like house maintenance, payment of real property taxes and other dues, or finance home improvements. If you intend to use proceeds for living expenses or medical costs, it is improbable that lenders will give these purposes an exception. We recommend the HECM program because it is accessible to senior citizens in general.

Dallas Reverse Mortgage Requirements

  • The borrower is at least 62 years old.
  • The borrower has significant equity in the home.
  • The borrower has undergone required HUD counseling for HECM applications

Apply for Reverse Mortgage in Dallas

Capital Home Mortgage offers reverse mortgages in Dallas. We have created a convenient loan process through direct mortgage lending for our clients. Call (214) 372-0015 now to get started. 

Are you considering getting a loan for home improvements, but you need to figure out your options? If you need money to spruce up your home, a renovation home loan can help you repair or revitalize an existing property. You can use the money for cosmetic changes like painting or installing new siding.

Whatever your reason for requiring a College Station home improvement loan, Capital Home Mortgage can help you obtain the necessary funding. We are a direct mortgage lender; thus, the loan procedure is more streamlined as no extra third parties are involved.

What is a Home Renovation Loan?

A loan for rehabilitation or home remodeling will help you finance any significant home improvement project you wish to undertake. It can finance everything from purchasing and renovating a fixer-upper to a simple room makeover. These funds can also be utilized to pay for essentials that enhance your quality of life, such as repairing a leaking roof or replacing an old HVAC or plumbing system.

Types of Home Renovation Loans

  • FHA 203(k) Loans 

Homebuyers who want to purchase and remodel properties that require significant work may qualify for FHA rehabilitation loans, often known as 203(k) loans. This FHA-insured loan bundles the cost of improvements into your regular mortgage, so you won’t have to pay them out of pocket.

Both structural and cosmetic work are eligible for financing through the FHA 203K Standard.

There’s another scaled-down version of the FHA 203K, called the FHA 203K Limited. It’s easier to get but won’t pay for major structural repairs and has a $35,000 limit.

  • Fannie Mae HomeStyle Loan

The Fannie Mae HomeStyle loan is a type of mortgage that enables borrowers to purchase or refinance a house while simultaneously rolling the costs of the loan’s closing and any necessary renovations into a single loan. HomeStyle renovation loans are often more cost-effective than using a credit card or a personal loan when upgrading a property that needs work.

  • Freddie Mac CHOICERenovation Loan

Borrowers can purchase a property that needs repairs or refinance their existing home with the ChoiceRenovation loan, which allows the borrower to incorporate the necessary money for renovation in the new loan balance. The value of the house “as-completed” is used to determine the loan amount rather than the present home’s worth.

Apply For A Home Renovation Loan In College Station

Capital Home Mortgage can assist you in acquiring a loan for any home improvement project in College Station, regardless of the type of financing you require. Because we are direct lenders, we can provide you with a loan with flexible underwriting and competitive interest rates.

Call us at (979) 393-0049 to apply for a home loan immediately.

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

Dallas REverse Home Loans

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.

  • Purchase & Refinance
  • Primary Only
  • 62 Years or Older
  • Required Hud Counseling
  • Homeowners Insurance Required
  • Must Continue to Pay Taxes
  • Meet Required Equity Values
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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