Capital Home Mortgage JUneau

Juneau Conventional Home Loans

Conventional Mortgage Lender Juneau Alaska

Conventional Home Loans in Juneau Alaska

Purchase or refinancing a home is done through conventional loans, commonly referred to as conforming loans. Mortgages that comply with the standards established by Fannie Mae and Freddie Mac are referred to as “conforming loans,” and government-backed companies purchase them from lenders before offering them to investors. Lenders can now provide qualified buyers with greater funding as a result. Less expensive than FHA loans, conventional loans are more difficult to qualify for. A lot of mortgage lenders provide conventional mortgages, which are used to finance the purchase and refinancing of residences.

They are the most typical type of mortgage, and private lenders who provide them must abide by the guidelines established by Fannie Mae and Freddie Mac.

Loans of a conventional nature
Conforming loans are ones that comply with the regulations.
Mortgages that comply with other regulations set by Fannie Mae and Freddie Mac as well as the FHFA’s limits are referred to as conforming loans. The guidelines must be followed in order for loans to be sold to Fannie Mae and Freddie Mac. Long-term stability and increased money flow are provided by this for the mortgage market.

Contrary to popular belief, all conventional loans are conforming loans, despite the distinction between the two terms. A minimum FICO score of 620 is required for a conventionally conforming loan. It costs between three and five percent of the item’s cost to purchase. Private mortgage insurance must be included in the loan if the borrower contributes 20%. (PMI).

Loans that don’t conform to the regulations
Mortgages that don’t adhere to the standards imposed by Fannie Mae and Freddie Mac, two government-backed businesses that invest in mortgage loans, are considered non-conforming loans. Federal Housing Finance Agency has established these criteria (FHFA). Jumbo loans that are larger than the conforming loan limit are referred to as non-conforming loans.

FHA loans
The Federal Housing Administration, or FHA, is the organization that backs an FHA loan (FHA). Run by the government’s Department of Housing and Urban Development, the Federal Housing Administration (HUD). Helping those with low and moderate incomes obtain a mortgage is the aim of FHA loans.

Having a credit score of at least 580 and the ability to put down as low as 3.5% is one of the best features of an FHA loan. FHA loans also frequently have cheaper closing costs than conventional loans do.

Lenders are required to abide by the FHA’s guidelines in order to receive a loan. Following approval, the FHA insures the loan to safeguard the lender in the event that the borrower defaults on the loan.

Loans from the VA
However, they are supported by the U.S. Department of Veterans Affairs. VA home loans are issued by private lenders like banks and mortgage firms (VA). The VA will cover a portion of the debt if the borrower defaults on the loan.

Those who meet the standards for VA home loans, such as Servicemembers, Veterans, and surviving spouses, are supposed to be able to buy a home. For borrowers to buy, build, fix, maintain, or modify a home for their personal use, the program offers a home loan guarantee as well as other housing-related services.

A VA home loan typically has more favorable conditions than one from a private lender. If a person has a Certificate of Eligibility (COE) and meets the income and credit standards, they are qualified to apply for a VA home loan.

USDA-guaranteed mortgage loans
There is no down payment necessary for a mortgage that is USDA-guaranteed and supported by the U.S. Department of Agriculture, often known as a USDA loan or a Rural Development loan (USDA). You can purchase, construct, repair, or refinance real estate using these government-backed loans. They are designed for adults and families who make low to moderate incomes and live in rural areas of the nation.

An eligible rural region must be the location of the property for the loan to be approved, and the borrower’s income must be sufficient. Only lenders that the USDA has authorized may offer USDA loans.

Massive Loans
Home loans that are larger than what Fannie Mae and Freddie Mac will accept are known as jumbo loans, which are also known as non-conforming loans. These backed by the government businesses purchase and bundle the majority of house loans in the US before offering them to investors.

For your primary residence, a second or vacation house, or an investment property, you can obtain a jumbo mortgage. Fixed-rate and adjustable-rate loans are just two of the many types that are available. Debt-to-income ratios must be low, and borrowers’ credit scores must be high. Jumbo loans are generally larger than conventional mortgages, which results in higher interest rates and stricter underwriting guidelines. A larger down payment is typically needed as well.

Ask for a conventional loan
The process of purchasing a home is a significant undertaking, and Capital Home Mortgage Juneau can assist in making it as simple and fun as is practical. We are a full-service mortgage firm that offers a wide range of mortgage options as well as a guarantee to offer the best customer service in the market.

Why Juneau 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 Mortgage Payment

Juneau 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 the mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

Juneau Conventional Purchase Loans

Conventional Purchase Mortgage Lender

Conventional Purchase Loans are one of the most popular types of loans and a great choice for many home buyers. Conventional mortgages can be used to purchase any type of occupancy, while FHA, USDA, VA and Native American Loans are restricted to primary residence only. Conventional mortgages are great for borrowers that have higher credit scores and typically have easier qualifying.  

  • Freddie Mac or Fannie Mae Insured
  • Primary, 2nd or Investment Homes
  • Single and Multi Family
  • Condo’s and Manufactured Homes
  • Mortgage Insurance Options
  • Lower Rates & Fleixble Terms
  • Maximum Loan Amount – $766,550
  • High Balance (Varies By County)

Juneau Conventional Refinance Loans

Conventional Refinance Mortgage Lender

Conventional Refinance Loans are used for more refinances than any other type of mortgage loan.   This is due to Conventional loans allowing for all occupancy and property types and typically don’t require any mortgage insurance due to loan to value requirements. Conventional mortgages due require higher credit scores but offer better rates.  

  • Freddie Mac or Fannie Mae Insured
  • Primary, 2nd or Investment Homes
  • Single and Multi Family
  • Condo’s and Manufactured Homes
  • Mortgage Insurance Options
  • Lower Rates & Flexible Terms
  • Maximum Loan Amount – $766,550
  • High Balance (Varies By County)

Juneau Conventional Renovation Loans

Conventional Renovation Mortgage Loans

Want a new home? Don’t want to purchase a home from a builder?  Prefer the charm of an older home, or the elegance of a mature neighborhood… Or just want the perfect location close to town.  Making your dream home come true might just be updating that older home. 

  • 95% LTV Primary  Residence
  • 97% LTV 1st Time Buyer Single Family
  • 85% LTV on 1 Unit Investment
  • 90% LTV on Second Home
  • Minimum Credit Score 620
  • Luxury Renovations are Eligible
  • Maximum Loan Amount – $766,550
  • High Balance (Varies By County)
Juneau Mortgage Programs

Juneau Home Purchase

Thinking of Buying a Juneau 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

Juneau renovation home loans

Looking to Rehab a Juneau 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

Juneau FHA Home Loans

Great for 1st Time Juneau 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

Juneau VA Home Loans

100% Financing for Juneau 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

Juneau Conventional Home Loans

Flexibility for Juneau 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

Juneau Jumbo Home Loans

Juneau 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

Juneau USDA Home Loans

100% Rural Juneau 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

Juneau Native American Home Loans

Juneau 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

Juneau Manufactured Home Loans

Great Alternative Juneau Housing

Juneau reverse mortgages

Your Juneau 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

Juneau Non QM Home Loans

Making Juneau 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

Juneau One Time Close mortgages

Build Your Juneau 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

Juneau Refinance Mortgage Loans

Juneau 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

Juneau Cash-out Home mortgages

Juneau 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

Juneau Alaska Mortgage Team

Dale Gremillion

Manager / Sr Loan Officer
NMLS 210325

Conor Hayhurst

Manager / Sr Loan Officer
NMLS 743506

Brad Rund

Director Native American Lending
Director Manufactured Housing

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