Capital Home Mortgage
Conventional Home Loans
Conventional Mortgage Lender
Conventional Home Mortgages can be used to purchase primary, secondary, and investment properties. In this way, conventional loans differ from other types of mortgage loans by allowing for different property uses. Guaranteed by either Fannie Mae or Freddie Mac, conventional mortgages have different criteria and are ideal for borrowers who have higher credit scores. Subsequently, conventional mortgage loans usually require less documentation than VA Home Loans, FHA Home Loans, or USDA Home Loans which makes for easier qualifying. Conventional Mortgage Rates are typically lower as the credit requirements are higher for conventional loans.
The factors considered when applying for Conventional Home Loans are the borrower’s financial history, income, credit score, and down payment compared to the sales price of the home. The last item considered on Conventional Home Loans is the loan limits based on the county where the property is located. These are separated into conforming and high-balance loan limits. For more information on a specific area please contact one of our licensed loan officers. Call today to speak to a licensed mortgage officer.
Why People Are Choosing Capital Home Mortgage...
Close On Time with True Approval
Control of the Loan from the Application to Funding.
Great Rates / Low Fees
Direct Mortgage Lender Providing Competitive Rates and Low Fees.
Exceptional Customer Service
7 Day a Week Support from Application to Final Mortgage Payment.
Capital Home Mortgage Rates
Capital Home Mortgage is dedicated to offering Great Mortgage Rates.
Call now to speak with a Loan Officer or request a no obligation custom rate quote.
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
Benefits of Conventional Mortgage Loans
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.
Conventional Mortgage Benefits
- Freddie Mac and Fannie Mae Insured
- Primary, Second or Investment Property
- Single and Multi Family, Condo’s & Manufactured Homes
- Mortgage Insurance Options
- Lower Rates and Better Terms
- Maximum Loan Amount – $715,000
- Conforming High Balance – By Area
Conventional Mortgage Maximum Loan to Values
- Single Family – 95% First Time 97%
- Duplex – 85%
- Tri / 4 Plex – 80%
- Single Family – 90%
- Duplex – N/A
- Tri / 4 Plex – N/A
- Single Family – 85%
- Duplex – 75%
- Tri / 4 Plex – 75%