Capital Home Mortgage Killeen

Killeen USDA Home Loans

Killeen USDA Mortgage Lender

Killeen USDA-Guaranteed Home Loans

Brand-new houses come at prices that most low-income American families can’t afford, even with a mortgage. First of all, you need to consider the down payment. A higher price means more money for skipping mortgage insurance. And second, you need to assess your financial capacity. Even if you’ll pay for the brand-new house in installments, can your sources of income cover these installments?

However, you can access decent housing outside major American cities and districts without paying a significant price. Home values differ significantly in highly urbanized or rural areas. If you’re dreaming of a brand new house at an affordable price, you can buy houses in rural areas and get a USDA loan. Learn more about Capital Home Mortgage’s USDA-Guaranteed home loans in Killeen, Texas.

Requirements for USDA Loans

The main goal of USDA loans is to help families who wish to achieve homeownership in rural areas. Since house prices in urban areas are higher than in urban areas, some individuals may get affordable houses in rural areas and enjoy the remarkable benefits of USDA loans.

Unlike FHA loans, USDA loans don’t have credit score requirements to accommodate more applicants. However, lenders require a credit score of 640 to qualify for a USDA-Guaranteed Home Loan. When applying, you only need to submit documents that show stable income, like the following:

  • Recent paycheck stubs;
  • Previous two years’ W-2 statements;
  • Recent two months’ bank statements;
  • Latest retirement account statement.

If you have a source of income not listed above, speak to our mortgage advisor in Killeen to get a complete list of income requirements.

– Borrower Characteristics

The most crucial borrower characteristic for USDA application is the borrower’s inability to get a conventional loan. Hence, we don’t recommend getting a USDA loan if your credit history and financial capacity are at par with conventional loans. Moreover, the borrower must also be

  1. A US citizen, non-citizen national, or qualified alien;
  2. Will occupy the property as a primary residence;
  3. Make no more than 115% of the Area Median Income (AMI).

– Limitations

You can only buy houses using a USDA loan in USDA-designated areas. Consult with our Killeen mortgage officers to know more about these areas. Moreover, the place you want to buy must be a single-family dwelling unit meeting the requirements of USDA standards. Other limitations are as follows:

  • Only 30-year fixed-rate loans for USDA loans;
  • 100% financing only based on the property’s appraised value, not the purchase price;
  • Loan proceeds are limited to purchasing a new or existing house, repairs for an existing home, refinancing, purchase of essential household equipment, and site preparation costs for construction. 

Get a USDA Loan in Killeen Today

Capital Home Mortgage offers USDA-Guaranteed home loans in Killeen, Texas. Speak to our mortgage experts in Killeen to discover more about USDA loans. Capital Home Mortgage uses direct mortgage lending to help our clients get a smooth, easy, and painless application process. Call us at (254) 213-7343 for more information.

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 USDA Mortgage 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.

  • Guaranteed by US Depart of Agriculture
  • Rural Properties Only
  • 100% Financing
  • No Restrictions on Seller Concessions
  • Low Monthly Mortgage Insurance
  • Acreage Up to 30% of Total Value
  • FHA/USDA Certified Appraisers only
  • Guarantee Fee May be Rolled In
  • New Manufactured Home Only
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 Texas 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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