Capital Home Mortgage San Antonio

San Antonio Jumbo Home Loans

San Antonio Jumbo Mortgage Lender

San Antonio Jumbo Home Loans

If you’ve got your sights fixed on a luxurious residential property or a family home in a high-end neighborhood, you’ll likely need a Jumbo home loan to finance the purchase. Jumbo loans are loans intended for properties that go beyond conforming loan limits. These loans suit Americans who want to buy luxury and secondary properties. Let’s talk more about Jumbo loans.

What is a Jumbo Mortgage Loan?

Jumbo home loans, also called non-conforming home loans, are home loan that exceeds the county lending limits of the government entitled loans secured by Fannie Mae or Freddie Mac. The lending threshold differs by state and county and is determined by the maximum county limits for Fannie Fannie Mae Freddie Mac Jumbo loans are backed by private investors and have different underwriting requirements from traditional Conventional and government home loans. Meaning no guarantee or protection of foreclosure is provided to the investors. Consequently, mortgage underwriting guidelines are not standardized and generally subject to individual investor requirements. These guidelines are typically more restrictive but make it possible for more extensive home purchases to be financed. 

Jumbo Loans vs. Conforming Loans

Conforming loans are loans that meet the guidelines set by the government-sponsored enterprises, Fannie Mae and Freddie Mac.

 Jumbo loans are your go-to option if the cost of the house you intend to buy goes beyond these limits.

Requirements for a Jumbo Loan

Qualifying for a Jumbo loan in San Antonio is generally more complex than conventional loans. Because they exceed the conforming limits, Jumbo loans are not backed by federal agencies, so lenders are exposed to more risk. This makes Jumbo loans’ eligibility requirements more stringent. 

  • Employment and Income

Lenders would like to see stable employment and a diversified source of income. If employed, you must provide proof of income, such as federal tax returns, W-2 statements, and pay stubs. Business owners must submit income tax returns of the business, bank statements, and financial statements.

 Lenders might also require employed applicants to provide employment references (past and current employers) for verification and character reference.

  • Credit Score

The minimum credit score for a Jumbo loan is 720, but other lenders can stretch it to 740. In other words, if your credit score is below 700, your chances of getting a Jumbo loan are low. In contrast, conventional loans only require a credit score of at least 620. 

To save time, ascertain your credit situation before applying for a Jumbo loan in San Antonio.

  • Assets and Reserves

Jumbo loans will require a down payment of 10 – 20% of the purchase price. You must show the source of the funds to be used in the purchase transaction. Lenders will also require 12 – 24 months in reserve on jumbo loans.

  • Debt-to-Income Ratio

The maximum DTI should be 45%, but a lower ratio is highly preferred. Try to stay around 35% to 40% for higher chances of approval.

Get a Jumbo Home Loan in San Antonio Today

Get a Jumbo loan from Capital Home Mortgage today for that luxury home in San Antonio. We are direct mortgage lenders, so we make all the decisions in the loan process from start to finish, allowing us to offer personalized services and quicker proper approvals. 

Call us at (210) 634-1255 to speak to our mortgage loan originators and get one step closer to obtaining your Jumbo home loan in San Antonio.

Why San Antonio 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

San Antonio 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

San Antonio 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

San Antonio Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

San Antonio Mortgage Company Reviews

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