Capital Home Mortgage
VA Home Loans
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