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Mortgage Lender Midland Texas

Home Loans In Midland Texas

Midland is the 24th most populous city in Texas, founded as a midway point between Fort Worth and El Paso on the Texas and Pacific Railroad in 1881. It is the hometown of former First Lady Laura Bush, the former home of former Presidents George H. W. Bush and George W. Bush, and former First Lady Barbara Bush. A home is a good investment, but many homebuyers – especially first-time homebuyers – make the mistake of buying a home before they are financially ready or fully understand what huge responsibility it is. If you’re going to pay thousands of dollars into a mortgage for the next 30 years, you must know exactly what a mortgage is and what it entails.

Understanding Mortgages

A mortgage comprises three essential parts: the down payment, the monthly payments, and the fees. The monthly payment is the amount required to repay the mortgage over the loan term and includes both principal and interest payments. Property taxes and other fees are also typically included in the monthly payments. The fees are the various costs associated with obtaining the loan, such as the closing costs. The down payment is the amount paid upfront to obtain a mortgage. The larger your down payments, the more favorable your financing terms will be.  If you put a 20% down payment or more, you’ll save money on your mortgage, pay fewer fees, and build equity in your home more quickly.

Conventional vs. Government-Insured Mortgages

Mortgages are classified into two categories: conventional loans, issued by a private lender or banking institution, and government-backed loans.
  • Conventional loans are any loans that are not government-insured, guaranteed, or subsidized. If the borrower defaults on the loan, the lender faces financial loss. 
By and large, conventional loans are more challenging to qualify for than government-backed loans. Individuals who typically qualify for a conventional mortgage have three characteristics: good credit, consistent income, and the ability to make a down payment.
  • Government-insured loans, also known as non-traditional loans, are exactly what they sound like: government-insured loans. FHA loans and VA loans are two popular mortgages guaranteed by the government.
Government-insured mortgages are typically easier to qualify for, requiring less money down and a lower credit score, making them an ideal solution for those who cannot qualify for a conventional loan. Additionally, they are typically less expensive to close than conventional loans. These factors contribute to government-insured loans being an excellent option for first-time homebuyers.

Fixed-Rate vs. Adjustable-Rate Mortgage

After selecting a loan, you’ll need to determine whether you want a fixed or adjustable-rate mortgage. Your selection determines the rate of interest you will pay. A fixed-rate mortgage requires the borrower to make the same monthly payment throughout the loan’s term. When you sign the loan documents, you agree to a fixed interest rate that will not change. This is the optimal loan type if interest rates are low at the time you obtain a mortgage. With an adjustable-rate mortgage, the interest rate on your loan can fluctuate in response to market conditions. If interest rates increase, your mortgage and the monthly payment will also increase. If interest rates fall, your mortgage rate will fall along with your monthly payment.  Maintaining a fixed-rate loan is generally prudent to protect against rising interest rates. You can refinance your mortgage if rates fall to take advantage of the lower rates.

Mortgage Lender In Midland, Texas

Suppose you’re in the market for a new home in Midland, Texas. In that case, our home loan specialists can help you conduct a needs analysis of your situation to recommend and offer the optimal home loan product for your unique circumstances. Here at Capital Home Mortgage, we strive to make homeownership an enjoyable experience. As such, we do our best to provide superior service and to facilitate a stress-free home-buying process for our clients.

We Got You!

Because each home purchase is unique, we begin by listening to your needs and goals to recommend the best course of action. Whether it’s your first-time home buyer or an experienced buyer looking for investment properties, we have home loan programs to fit your needs and budget. You can rely on our capable and experienced loan officers to offer you guidance and valuable insight into the home-buying market, as well as the assistance necessary to increase your confidence in your choices. Thank you again for your interest in our services, and we look forward to providing you with the next Midland mortgage loan. Call us at (432) 218-4828.
Why Midland 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

Midland 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
Midland Mortgage Programs

Midland Home Purchase

Thinking of Buying a Midland 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

Midland renovation home loans

Looking to Rehab a Midland 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

Midland FHA Home Loans

Great for 1st Time Midland 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

Midland VA Home Loans

100% Financing for Midland 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

Midland Conventional Home Loans

Flexibility for Midland 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

Midland Jumbo Home Loans

Midland 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

Midland USDA Home Loans

100% Rural Midland 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

Midland Native American Home Loans

Midland 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

Midland Manufactured Home Loans

Great Alternative Midland Housing

Midland reverse mortgages

Your Midland 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

Midland Non QM Home Loans

Making Midland 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

Midland One Time Close Home Loans

Build Your Midland 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

Midland Refinance Mortgage Loans

Midland 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

Midland Cash-out Home mortgages

Midland 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

Midland Texas Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

Midland Mortgage Company Reviews

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