Capital Home Mortgage Boulder

Boulder Conventional Home Loans

Conventional Mortgage Lender Boulder

Boulder Conventional Home Loans

Mortgage loans that are not insured or guaranteed by the federal government fall under the category of conventional loans (such as under the Federal Housing Administration, Department of Veterans Affairs, or Department of Agriculture loan programs). Conventional loans can be either conforming or non-conforming.

What is a Conforming Loan?

A conforming loan is one that falls within the lending limits set by the Federal Housing Finance Agency or FHFA. Conforming loans must also meet the standards imposed by Fannie Mae and Freddie Mac. These government-sponsored enterprises buy mortgages from lenders and help ensure lenders have a consistent stream of funds to continue making home loans.

Conforming vs. Non-Conforming Loans

Conforming loans may include conventional, VA, FHA, and USDA loans. Conforming conventional loans must adhere to a set of guidelines to be sold to Fannie Mae or Freddie Mac. VA, FHA, and USDA loans are conforming loans that are at or below the FHFA-established loan ceilings for a given housing market.

Non-conforming loans, on the other hand, do not meet the requirements. Some go beyond and above the local lending limit. These mortgages may have risky features and may be more expensive than conforming loans.

Conventional-Conforming Loans

A conventional-conforming loan is a type of mortgage that meets the rules set by Fannie Mae and Freddie Mac about how much you can borrow. Most of the time, the requirements for these loans are less strict than those for other types of mortgages. They can be used to buy a primary home, a second home, or an investment property.

How To Qualify For A Conventional-Conforming Loan

The requirements for a conventional mortgage are the same in Alaska as those in other states. You’ll need a good credit score, make enough money, and put down a certain amount for this type of loan. Here are the essential requirements for a conventional mortgage:

  • Credit Score

A credit score of at least 620 and a down payment of at least 3 – 5% are required to qualify for a conventional-conforming mortgage in Alaska.

  • Down Payment

A down payment of at least 3% of the home’s purchasing price is required. You must pay mortgage insurance if your down payment is less than 20%.

  • Debt-to-Income Ratio

Your debt-to-income ratio (DTI) should not exceed 45%. This means your total monthly loan payments (including your mortgage) should not exceed 45% of your gross monthly income.

Apply For A Conventional Loan 

Purchasing a home is a significant undertaking, and Capital Home Mortgage can assist in making the process as simple and enjoyable as possible. We are a full-service mortgage firm offering a wide range of mortgage options and the industry’s top customer service.

Contact us at (303) 226-1177 to speak with one of our Home Loan Experts and begin the process of becoming a homeowner!

Conventional Home Loans Alaska

Conventional Loans also known as Conforming loans are used to purchase or refinance a home. “Conforming loans” are mortgages that follow the rules set by Fannie Mae and Freddie Mac and are bought from lenders and sold to investors by government-backed firms. This means that lenders can give more money to buyers who qualify. Conventional loans cost less than FHA loans, but it’s harder to get approved for them. Conventional mortgages are used for a big part of buying and refinancing homes, and many mortgage lenders offer them.

They are the most common kind of home loan and are given out by private lenders who have to follow rules set by Fannie Mae and Freddie Mac.

Conventional loan types
Loans that fit the rules are called conforming loans.
Conforming loans are mortgages that meet the limits set by the FHFA and other rules set by Fannie Mae and Freddie Mac. For loans to be sold to Fannie Mae and Freddie Mac, they have to follow the rules. This gives the mortgage market more money and stability in the long run.

Conforming loans are not the same as conventional loans, but all conventional loans are conforming loans. For a conventional-conforming loan, you need a FICO score of at least 620. The required payment is between 3 and 5% of the price of the item. If the borrower puts 20% down, private mortgage insurance must be added to the loan (PMI).

Loans that don’t fit the rules
Non-conforming loans are mortgage loans that don’t meet the rules set by Fannie Mae and Freddie Mac, two government-backed companies that invest in mortgage loans. These standards are set by the Federal Housing Finance Agency (FHFA). Non-conforming loans are jumbo loans that are bigger than the conforming loan limit.

FHA mortgages
An FHA loan is a loan that is backed by the Federal Housing Administration (FHA). The Department of Housing and Urban Development, which is part of the government, runs the Federal Housing Administration (HUD). The goal of FHA loans is to help people with low and moderate incomes get a mortgage.

One of the best things about an FHA loan is that it lets people with credit scores of 580 or higher make a down payment of as little as 3.5%. Also, closing costs for FHA loans are often lower than those for regular loans.

To get an FHA loan, lenders must meet the requirements set by the agency. Once the loan is approved, the FHA insures it to protect the lender in case the borrower doesn’t pay the mortgage.

VA Home Loans
VA home loans are made by private lenders like banks and mortgage companies, but they are backed by the U.S. Department of Veterans Affairs (VA). If the borrower doesn’t pay back the loan, the VA will cover some of it.

VA home loans are meant to help Servicemembers, Veterans, and surviving spouses who meet certain requirements become homeowners. The program offers a home loan guarantee and other services related to housing to help borrowers buy, build, fix, keep, or change a home for their own use.

Most of the time, the terms of a VA home loan are better than those of a loan from a private lender. Those who are eligible can apply for a VA home loan if they have a Certificate of Eligibility (COE) and meet credit and income requirements.

Home loans backed by the USDA
A USDA-guaranteed home loan, also called a USDA loan or a Rural Development loan, is a type of mortgage that doesn’t require a down payment and is backed by the U.S. Department of Agriculture (USDA). These loans are backed by the government and can be used to buy, build, fix, or refinance a property. They are made for people and families living in rural areas of the country who have low to moderate incomes.

To get a USDA loan, the property must be in an eligible rural area, and the borrower’s income must meet certain requirements. USDA loans can only be gotten from lenders who have been approved by the USDA.

Jumbo Loans
Jumbo home loans, which are also called non-conforming loans, are loans that are bigger than what Fannie Mae and Freddie Mac allow. Most U.S. home loans are bought and packaged by these government-backed companies and sold to investors.

You can get a jumbo mortgage for your main home, a second home or vacation home, or an investment property. They come with different terms, like fixed-rate and adjustable-rate loans. Borrowers must have a low ratio of debt to income and a strong credit score. Because jumbo loans are bigger, they usually have a higher interest rate and stricter underwriting rules than regular mortgages. They also usually require a bigger down payment.

Request a traditional loan
Buying a house is a big deal, and Capital Home Mortgage can help make the process as easy and enjoyable as possible. We are a full-service mortgage company with a wide variety of mortgage products and a promise to provide the best customer service in the industry.

Call us at (907) 531-5048 to talk to one of our Home Loan Specialists and get started on your way to becoming a homeowner!

Why Boulder 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

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

Boulder Conventional Purchase Loans

Conventional Purchase Mortgage Lender
  • 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 & FLExIXBLE TERMS
  • MAXIMUM LOAN AMOUNT – $766,550
  • HIGH BALANCE (VARIES BY COUNTY)

Boulder Conventional Refinance Loans

Conventional Refinance Mortgage Lender
  • 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)

Boulder Conventional Renovation Loans

Conventional Renovation Mortgage Loans
  • 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)
Boulder Mortgage Programs

Boulder Home Purchase

Thinking of Buying a Boulder 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

Boulder renovation home loans

Looking to Rehab a Boulder 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

Boulder FHA Home Loans

Great for 1st Time Boulder 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

Boulder VA Home Loans

100% Financing for Boulder 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

Boulder Conventional Home Loans

Flexibility for Boulder 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

Boulder Jumbo Home Loans

Boulder 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

Boulder USDA Home Loans

100% Rural Boulder 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

Boulder Native American Loans

Boulder 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

Boulder Manufactured Home Loans

Great Alternative Boulder Housing

Boulder reverse mortgages

Your Boulder 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

Boulder Non QM Home Loans

Making Boulder 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

Boulder One Time Close mortgages

Build Your Boulder 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

Boulder Refinance Mortgage Loans

Boulder 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

Boulder Cash-out Home mortgages

Boulder 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

Boulder Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

Jordan Mowrey

SR Loan Officer
NMLS 210325

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