Capital Home Mortgage Laredo

Laredo USDA Home Loans

Laredo USDA Mortgage Lender

USDA Loans In Laredo & Surrounding Areas

A USDA home loan is a no-money-down mortgage for qualified rural homebuyers. The USDA loan program, commonly known as the USDA Rural Development Guaranteed Housing Loan Program, is administered by the United States Department of Agriculture. The USDA home loan program primarily intends to assist low-income people living in unhealthy or unsafe rural areas in obtaining a home with modern utilities and appropriate space.

There are two types of USDA Home Loans, Direct and Guaranteed. Both programs provide qualified borrowers with 100% financing for a home.

USDA Direct Home Loan

Direct USDA loans are provided directly by the USDA. They are intended for extremely low- and low-income borrowers who cannot obtain an affordable mortgage from other sources and do not have adequate, safe, hygienic housing.

This program, also known as the Section 502 Direct Loan Program, aid low- and extremely low-income applicants in obtaining good, safe, and sanitary housing in suitable rural areas by providing payment assistance to boost an applicant’s repayment ability. Payment assistance is a sort of subsidy that temporarily lowers mortgage payments. The adjusted household income calculates the aid amount.

Borrowers may avail of the Direct Home Loan program by applying directly to the USDA regional office near them.

USDA Guaranteed Home Loan

The USDA will guarantee 90% of the mortgage amount for qualifying borrowers who get a mortgage from a bank or other commercial lender. This makes it possible for many individuals to be eligible for a 30-year, fixed-rate mortgage with no down payment. 

The Section 502 Guaranteed Loan Program helps approved lenders enable low- and moderate-income households in qualifying rural areas to possess adequate, modest, decent, safe, and sanitary houses as their principal residence. Appropriate candidates may use 100% financing to buy, build, remodel, improve, or relocate a home in an eligible rural region.

Requirements for Guaranteed Home Loan

To be eligible for the USDA Guaranteed Home Loan program, applicants must use the property as a primary residence. Other requirements include:

  • U.S. nationality (or permanent residency);
  • Household income must not exceed 115% of the area median income or AMI;
  • A stable, verifiable income in the last two years;
  • A good credit history, including no accounts that have been sent to collections in the previous 12 months. If you can show that something temporary or out of your control, like a medical emergency, hurt your credit, you may still be able to qualify.
  •  Borrowers with a 640 credit score get streamlined processing. Those with lower scores must meet stricter underwriting requirements;
  • Those without a credit score or limited credit history may qualify by providing “nontraditional” credit references, such as rental and utility payment records.

Apply for Laredo USDA Home Loan

Capital Home Mortgage is a USDA lender approved in Texas and will take care of the loan application process. To get started on your USDA-guaranteed home loan, call one of our home loan experts at (956) 307-3422 or fill out an online application.

Why Laredo 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

Laredo 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

Laredo 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

Laredo Texas Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

Laredo Mortgage Company Reviews

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