Capital Home Mortgage Killeen

Killeen Jumbo Home Loans

Killeen Jumbo Mortgage Lender

Killeen Jumbo Home Loans

If you want to purchase a home in Killeen priced above the standard limit for conforming loans, you will need to apply for a Jumbo home loan. These loans typically come with higher interest rates and down payment requirements than conforming loans. At Capital Home Mortgage, we are committed to helping our clients secure the best possible financing for their home purchases.

Our knowledgeable mortgage consultants will consult you and help you navigate the application and approval process to decide whether a jumbo loan is the best choice for your circumstances. 

Jumbo Loans vs. Conforming Loans

There are two main categories for home loans: jumbo loans and conforming loans. Jumbo loans are for borrowers who need a loan amount higher than the federal government’s limit. Conforming loans are for borrowers whose loan amount falls within federal guidelines. What differences exist?

For one, Jumbo loans typically come with a higher interest rate than conforming loans because lenders view jumbo loans as being riskier. A home with a loan value more significant than this may end up in the lender’s possession if a borrower defaults on their debt. As a result, lenders often charge a higher interest rate to offset this risk.

Another difference between Jumbo loans and conforming loans is the down payment. Borrowers taking out a jumbo loan often have to put down a larger down payment than those taking out a conforming loan because of the higher loan amount.

Lastly, Jumbo loans often have stricter credit requirements than conforming loans. Lenders want to see you have a strong credit history and a low debt-to-income ratio before approving you for a Jumbo loan.

Qualifying for a Jumbo Loan

Jumbo loans are more extensive than average and can cover properties that exceed loan limits, thus having more stringent requirements.

  • Assets and Reserves

Lenders looking at your application want to see that you have the assets and reserves necessary to cover a large loan. This includes having enough money in the bank to cover several months’ mortgage payments and any other debts or obligations you might have.

Liquidity is also something lenders look for during the application process. They want to ensure you have enough cash on hand, including investment accounts, so they can trust your ability and commitment towards paying off what was loaned out recently or soon-to-be loaned again in future mortgages.

For Jumbo loans, the minimum down payment can be as high as 30% to skip private mortgage insurance. Meanwhile, it is only 20% for conventional loans.

  • Credit History

The minimum credit score to qualify for a Jumbo loan is 700. It can go higher, depending on your current debt load. At Capital Home Mortgage, we recommend paying it off some debts before applying. Reducing that burden will improve your credit score and increase your chances of success.

  • Debt-to-Income Ratio

We will also want to see that you have a low debt-to-income ratio, which means that your monthly debts are not taking up a large portion of your income. An ideal DTI is 45%, but the lower, the better.

  • Employment and Income

We may request tax returns and other financial papers to verify your employment and income to see if you have a reliable job and a good salary. If you’re self-employed, we’ll want to see documentation of your business’s financial statements.

Apply for a Jumbo Home Loan in Killeen

Here at Capital Home Mortgage, we understand that buying a high-priced home comes with challenges. So, let us help you meet those needs and more by offering various flexible financing options for this type of loan! We’re also a direct lender, so we can make decisions quickly and get the loan process started sooner.

Call us at (254) 213-7343 to learn more about our Jumbo home loans in Killeen.

Why Killeen 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

Killeen 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

Killeen Jumbo Home 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 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

Killeen Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

Killeen Mortgage Company Reviews

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