Home Loans In Rogers, Arkansas

Welcome to Capital Home Mortgage Rogers. The city of Rogers is known for many things, including being the location of the very first Walmart store. Located in the Northwest Arkansas region, Rogers is home to diverse neighborhoods and a budding economy. 

The real estate situation here is also promising with lots of affordable multi-family homes available. 

Are you planning to own a home in Rogers? Capital Home Mortgage can help you get the financing you need to seal the deal. We understand that purchasing a home is one of the largest investments you’ll ever make. That’s why we provide dedicated points of contact throughout the entire home loan process. 

Our Best Tips For Getting The Right Home Loan 

Not every home loan program is right for you. Also, you won’t necessarily fit into every lender’s criteria. That’s why it’s important to know how to improve your chances of being approved for the right home loan that fits your needs. These tips can help:

1. Get your credit in order 

Borrowers need a good credit score to be eligible for most home loans. Before talking to a lender, make sure your credit information is up-to-date and that there are no errors. Lenders will pull your credit information during the loan pre-approval process. 

Ideally, you should have a credit score above 620. Some home loan programs may accept lower, but the general rule of thumb is the higher the better. 

2. Save up for a sizable down payment 

The more you can save for your down payment, the more mortgage products may be available to you. In most cases, a sizable down payment can also mean better rates. Plus, you’ll benefit from lower monthly payments. 

Some loan programs have 0% down payment requirements, while others have requirements ranging from 3% – 5%. However, if you can, try to raise at least 20% so you don’t have to pay additional costs in the form of private mortgage insurance. 

3. Consider your other debt obligations 

It’s important to keep your other debt obligations in mind when applying for a home loan. These include auto loans, student loans, credit card debt, and so on. Most loan terms are for 15 and 30 years. This means you’ll be making monthly repayments to the lender throughout this period. 

Make sure you can keep up with these payments in addition to your other outstanding loans and credit products. 

4. Learn how to compare offers

Home loans are not created equal. Even those that have the same interest rate or down payment requirements may have differences in fees and penalties. Take the time to understand all the components that go into your home loan. 

A good mortgage lender should be able to walk you through all these nuances and recommend the best possible option for your needs. You can also utilize a mortgage calculator to give you an idea of what to expect under different scenarios. 

Rogers, Arkansas Mortgage Lender 

Capital Home Mortgage is a direct mortgage lender serving the good people of Rogers, Arkansas. If you’re looking for a lending partner that has your best interest at heart, we’re the company to call. 

We control the home loan lending process from start to finish. This means that we make every decision, from application to funding, which in turn enables us to provide flexible underwriting, quicker true approvals, and on-time closings. 

Find The Right Rogers Home Loan Here

Whether you are a first-time homebuyer looking to secure an FHA Home Loan, a seasoned buyer needing a Conventional Home Loan, or a veteran needing a VA Home Loan, we’ve got you covered. 

Simply call (501) 588-7399 to discuss your perfect home loan in Rogers, Arkansas. 

Thank you for your interest in Capital Home Mortgage Rogers, and we look forward to providing your new mortgage.