Capital Home Mortgage

VA Home Loans

Home Purchase

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VA Mortgage Lender

Welcome to Capital Home Mortgage. Are you wondering about VA Home Loans, VA Mortgage Rates and if you should use your Veteran Loan? We can help you understand the advantages of a VA Home Mortgage and if it is the right time to use your VA benefit for the current mortgage loan. Capital Home Mortgage is a direct VA Mortgage Lender, which means Capital Home Mortgage has VA direct authority to underwrite and approve your home loan. This control of the loan process and loan approval allows for streamline operations resulting in a quick and stress-free experience.

Ready to get started? Call now and one of our VA mortgage professionals will answer your questions and walk you through the application and pre-approval. Thank you for allowing us the opportunity to provide your VA home financing needs.

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 VA 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

VA Purchase Loan

VA Home Loans are 100% financing with no loan limits provided the veteran has full entitlement available. The goal of the VA is to guarantee the loan for lenders in order to make homeownership easier and desirable for all active duty service members, active duty reservists, honorably discharged veterans, as well as retired and disabled service members.

No Down Payment / No Loan Limits
No Monthly Mortgage Insurance
Simple Qualifying
Flexible Underwriting
Seller Paid Closing Costs up to 4%
Higher Debt to Income Allowed
Alternate Credit Allowed
Manufactured Housing Permitted

VA Refinance Loan

The VA Home Mortgage Program offers two types of refinances. The streamline refinance, known as an interest rate reduction loan requires minimal documentation and must provide the veteran savings in payment or a reduction in term. The regular refinance is for cash-out and for conversions when a veteran is changing their mortgage over to a VA loan.

Streamline Option
- VA IRRRL Rate and Term
- No Appraisal Required
- No Income Verification Required
Full Documentation
- Cash-Out or Loan Conversion
- Appraisal Required
- Income Verification Required

VA Mortgage Information

VA Loan Requirements

Active Duty – 90 days Wartime / 180 Days Peacetime
Honorable Discharged – 22 Months of Completed Service
National Guard / Reserves – 6 Years Completed Service
Spouse of a Service Member who Died in the line of Duty or Service related Disability

VA Funding Fees

VA Purchases – First Use
- 0% to 5% Down Funding Fee 2.3%
- 5% or Higher Down Payment Funding Fee 1.65%
- Subsequent Uses Funding Fee 3.6%
VA Cash-Out Refinances or VA Refinance Conversions
- First Use 2.3%
- Subsequent Uses 3.6%
- VA IRRL Refinance 0.5%
No Funding Fee with 10% or Higher Disability

Not Sure? Take a Look at Other Mortgage Programs

Capital Home Mortgage Company Reviews

What is a VA Home Loan?

VA Home Loans are for active duty service members, active reservists, honorably discharged service members, as well as retired and disabled service members.VA stands for “Veterans Administration”, which oversees all Veteran benefits including home loans. Established in 1944 and part of the GI Bill or Rights, VA set out to help men and women who served their country catch up to their civilian counterparts by establishing credit and building financial wealth. It’s important to understand that VA does not lend money, VA instead provides lenders a guarantee that covers the lender from loss in the event of foreclosures. In simple terms VA insures a portion of the loan that the buyer would have normally had to put down to qualify allowing for a zero down payment. VA loans require an upfront mortgage insurance fee, which can be financed into the loan, from each borrower. This fee supports the guarantee fund and makes the 100% VA home loan possible. Veterans with a minimum of 10% disability are exempt from the funding fee.