Capital Home Mortgage Florida

Florida Home Loans

Home Purchase

Save Today

Questions?

Florida Mortgage Lender

Welcome to Capital Home Mortgage Florida, a Florida Mortgage Lender that strives to provide Florida homebuyers and homeowners Florida Home Loans at competitive Florida Mortgages Rates with low fess while ensuring outstanding customer service.

First, we’d like to thank you for the opportunity to earn your business. We understand that purchasing a home is the most important decision of most people’s life, which is why Capital Home Mortgage Florida offers dedicated points of contact throughout the mortgage process. This assures a stress-free experience resulting with an on-time closing. After all, buying a home should be exciting, not stressful.

Capital Home Mortgage Florida is a direct Florida Mortgage Lender that manages the entire lending process from beginning to end. Our in-house processing and underwriting enables for quick, common sense approvals and timely closings.

Call today (239) 310-5599 to talk to one of our Florida Loan Officers.

Florida Mortgage Rates

Florida Real estate Market

The Florida real estate market has been quite dynamic in recent years, influenced by factors such as the pandemic, migration patterns, and broader economic trends. Here’s an overview of the current state of the market:

Key Trends:

Strong Demand: Florida continues to attract buyers, particularly from high-cost states like New York, California, and Illinois. Many are drawn by Florida’s lower taxes, warm climate, and lifestyle amenities.
Price Growth: Home prices in Florida have risen significantly, especially in metropolitan areas like Miami, Orlando, and Tampa. This is driven by high demand, limited supply, and an influx of cash buyers.
Low Inventory: There’s been a consistent shortage of homes for sale, which has led to competitive bidding wars in some markets. This limited inventory keeps upward pressure on prices.
Migration Patterns: Many retirees, remote workers, and younger families are moving to Florida due to its favorable living conditions, job opportunities, and tax benefits (Florida has no state income tax).
Rental Market: The rental market is also thriving, with many areas seeing rent increases due to demand from both locals and new residents unable to purchase homes. This has been particularly notable in coastal areas and popular tourist regions.
Interest Rates: Rising mortgage rates in 2023 have started to cool demand slightly, but Florida’s market remains resilient compared to other states.
Investment Activity: Investors continue to view Florida real estate as a solid investment, particularly in vacation rentals and second homes.

Notable Hotspots:

Miami and Fort Lauderdale: Luxury homes and condos are particularly in demand in these regions.
Tampa Bay Area: A rapidly growing market with increasing prices and demand, particularly for single-family homes.
Orlando: A steady influx of tourists, remote workers, and new residents is keeping the Orlando real estate market competitive.
Southwest Florida: Areas like Naples and Fort Myers are popular among retirees and investors, with strong growth in home values.

Florida Home Mortgages

Capital Home Mortgage Florida is a full-service Florida Mortgage Lender that offers a complete line of home loans to meet all Florida Residents lending needs: Florida Purchase Home Loans, Florida Renovation Home Loans, Florida Construction Home Loans, Florida Manufactured Home Loans, Florida Rate and Term Refinance Home Loans and Florida Cash-Out Home Loans.

Florida Purchase Mortgages

Capital Home Mortgage Florida is dedicated to offering Florida home buyers a complete line of Florida Home Purchase Loans. We understand that purchasing a a home can be stressful and is one of the biggest decision in most peoples lives. That is why we provide dedicated contacts to guide buyers through the home buying process while educating them on the different types of home loans. Our goal is to make the home buying experience quick and easy while helping buyers evaluate and make the best decision on the loan that fits their individual needs.

Florida REfinance Mortgages

Florida Rate and Term Refinance Home Loans are a type of refinance in which the borrower replaces the current mortgage with a new mortgage. The goal of a rate & term refinance is to obtain better loan terms, such as a reduced interest rate thereby lowering the monthly payment and/or a different loan duration to either lower the payments or shorten the mortgage term, which may or may not result in a lower monthly payment. Additionally, a rate and term refinance can be used to convert from one loan program to another possibly eliminating the need for mortgage insurance.

Florida Cash out Mortgages

Florida Cash-Out Refinance Home Loans differ from rate and term refinances in that they allow homeowners to borrow against the equity in their homes by refinancing their current mortgage for an amount greater than the existing loan balance. The homeowner receives the difference in cash or can use the funds to consolidate date that is paid at closing. The other main differences is that cash-out refinances have lower loan to value limits than rate and term refinances and can have slightly higher rates.

Florida Construction Mortgages

Florida One-Time Close Construction Home Loans are distinct from a traditional construction home loan in combining the construction loan and the permanent mortgage into a single loan. This means you only have to go through the application and closing process once, saving time and money. A traditional construction home loan requires you to apply for a separate mortgage after the construction is completed. A One time close loan also can be combined with other standard mortgage products resulting in much smaller down payments.

Florida Renovation Mortgages

Want a new Florida home? Don’t want to purchase a home from a builder? Prefer the charm of an older home, or the elegance of a mature neighborhood… Or just want the perfect location close to town? Making your dream home come true might just be in updating that older home. Capital Home Mortgage Florida offer all types of Florida Renovation Home Loans to make this happen. To put it simply, we will handle and will walk you through the complexities involved in a construction or rehab loan.

Florida Manufactured Mortgages

A Florida Manufactured Home is a residential structure built off-site in a factory setting, then transported to its permanent location and placed on a foundation. Modern manufactured houses can be quite sophisticated in design and can offer amenities similar to site-built homes. They can be single-wide, double-wide, or even larger, and they’re constructed using materials and techniques that meet stringent quality standards. Manufactured Homes are built on steel chassis which offer a quicker construction and cost advantages. Contact us today to learn about Florida Manufactured Home Loans.

Florida Purchase Home Loans

Capital Home Mortgage Florida is a full-service Florida Mortgage Lender that offers a complete line of home loans. Whether you are a first-time purchaser seeking a Florida FHA Home Loan, looking for a rural property and needing a Florida USDA Home Loan, a Native Floridian wanting to use the HUD 184 Florida Native American Home Loan, an active or retired veteran in need of a Florida VA Home Loan , wanting to purchase that dream home over conforming limits with a Florida Jumbo Home Loan, a seasoned buyer in need of a Florida Conventional Home Loan or looking for alternative financing with a Florida Non QM Home Loan we are here to assist.

Call today (239) 310-5599 to talk to one of our Florida Loan Officers.

Finding the Right Loan Type: A Guide for Potential Borrowers

Understand Your Financial Situation

First, take a close look at your current financial status. Evaluate:

Income: Regular earnings and additional sources.
Debts: Existing loans, credit card balances, and other liabilities.
Savings: Emergency funds, down payments, and other savings.

Know Your Loan Options

Fixed-Rate Loans

Stability: Predictable monthly payments over the life of the loan.
Ideal For: Long-term stability and those who plan to stay in their home for many years.

Adjustable-Rate Mortgages (ARMs)

Initial Savings: Lower initial interest rates compared to fixed-rate loans.
Ideal For: Those who plan to move or refinance before the adjustable period begins.

Assess Your Long-Term Goals

Consider your future plans:

Duration: How long do you intend to live in the home?
Career: Are you anticipating job changes or relocations?
Family: Planning to expand your family or downsize?

Consult a Financial Advisor

Talking to a financial advisor can offer personalized guidance. They can help you:

Understand complex terms.
Create a long-term financial plan.
Navigate loan applications with confidence.

Final Tips

Credit Score: Aim to improve your credit score before applying to get better rates.
Research: Stay informed about current market trends and loan rates.
Documentation: Gather all necessary documents in advance to streamline the application process.

By understanding your financial situation, knowing your options, and seeking professional advice, you can make an informed decision about the loan type that best suits your needs.

Understanding Mortgage Insurance Requirements for Different Loan Types

Mortgage insurance is often necessary depending on the type of loan and the loan-to-value (LTV) ratio. Let’s break it down by loan type:

1. FHA Loans

For Federal Housing Administration (FHA) loans, mortgage insurance is mandatory. This includes both an upfront premium and an annual premium paid monthly.

2. VA Loans

Veterans Affairs (VA) loans typically do not require mortgage insurance. However, they often include a one-time funding fee that serves a similar purpose.

3. USDA Loans

U.S. Department of Agriculture (USDA) loans require a form of mortgage insurance known as a guarantee fee. This fee is paid both upfront and annually.

4. Conventional Loans

For conventional loans, mortgage insurance is required if the down payment is less than 20%, resulting in an LTV ratio greater than 80%. This private mortgage insurance (PMI) can be canceled once the LTV drops below 80%.

Lender Fees & Appraisal Fees may apply. Additionally, other fees and charges can be associated with the loan process. These could include:

Origination Fees: Costs for processing the loan application.
Credit Report Fees: Charges for obtaining your credit history.
Title Insurance: Protects against potential issues with the property title.
Recording Fees: Fees for recording the new mortgage with the local government.

Always review the fee schedule provided by your lender to understand all potential costs. By knowing what to expect, you can better prepare for the financial commitment ahead.

By understanding these requirements, borrowers can better prepare for the associated costs and make informed decisions about their financing options.

Florida FHA Home Loans

A Florida FHA Home Mortgage is a mortgage insured by the Federal Housing Administration or “FHA” and issued by an FHA-approved lender. FHA loans are designed for low-to-moderate-income applicants and first time homebuyers who need a smaller down payment. However, FHA home loans can be used by anyone. FHA home loans feature a low down payment, flexible credit score requirements and the ability to use gift funds for the down payment. Other eligibility requirements for a Florida FHA home loan is consistent employment history and documented income.

Florida VA Home Loans

A Florida VA Home Mortgage is a mortgage option for qualified veterans, active-duty service members, and select surviving spouses in Florida. These loans are made by private lenders but are guaranteed by the United States Department of Veterans Affairs, allowing for favorable terms such as no down payment and no private mortgage insurance (PMI). VA home loans are widely available, with competitive interest rates and liberal credit standards.

Florida USDA Home Loans

A Florida USDA Home Mortgage is a zero down mortgage program provided by the US Department of Agriculture (USDA) to assist low-to-moderate-income buyers. USDA home loans are classified into two types: USDA-Guaranteed and USDA-Direct. The USDA-Guaranteed Home Loan is made available by a private lender and guaranteed by the USDA, whereas the USDA-Direct home loan is made available directly by the USDA. To be eligible for USDA financing, the residence must be located in an approved rural area and household income cannot exceed 115% of the median household income in your area for Guaranteed Loans.

Florida Native American Home Loans

A Florida Native American Mortgage, also known as a HUD 184 Home Loan, is a government mortgage loan specifically for registered Florida Native Americans. This loan offers easier credit qualifications, tribal grants and can be used to renovate the home along with the purchase.

Florida Conventional Home Loans

A Florida Conventional Home Mortgage adhere to Fannie Mae and Freddie Mac requirements. These loans can be used for primary residence, secondary and investment properties. Typical eligibility requirements include a minimum credit score of 620, a stable income, and a minimum down payment. Conventional Home Loans are also called Conforming loans and have capped loan limits that are updated annually on January 1st base on the median selling price within a local area.

Conventional Fixed Rate Mortgage Loan Options

Conventional fixed rate mortgage loans are a popular choice for home financing. These loans offer a predictable payment structure, with both principal and interest rates remaining the same throughout the life of the loan.

Standard Loan Terms

Fixed rate loans come with various terms, typically ranging from 10 to 30 years. Here are the common options:

10-Year Term: Shortest standard term available, leading to higher monthly payments but significant interest savings.
15-Year Term: Popular choice for those who want to pay off their mortgage faster while still managing monthly payments.
20-Year Term: Offers a balanced approach, with moderate monthly payments and interest costs.
25-Year Term: Less common, but provides a middle ground between 20 and 30-year terms.
30-Year Term: The most common choice, offering lower monthly payments spread over a longer period.

Benefits of Shorter Terms

Opting for a shorter-term loan, like the 10 or 15-year options, can result in substantial savings on interest over the duration of the loan. While these options come with higher monthly payments, they significantly reduce the total amount of interest paid.

Choosing the Right Term

The right term for you depends on your financial situation and long-term goals. Shorter terms are ideal for those who can handle higher monthly payments and want to minimize interest costs. Longer terms are suitable for anyone looking for lower monthly payments and more flexible budgeting.

By selecting the term that best fits your needs, you can find a fixed rate mortgage that aligns with your financial plans and home ownership goals.

Florida Jumbo Home Loans

A Florida Jumbo Home Mortgage is a mortgage that exceeds the standard conventional loan limits. These loans are widely utilized to finance luxury properties and have grown in popularity as values have continued to increase. Jumbo loans frequently include fixed-rate durations such as 30-year and 15-year and adjustable-rate alternatives. Financing of up to $3,000,000 is offered at 90% with no PMI (Private Mortgage Insurance).

Florida Non Qualified Home Loans

A Florida Non-Qualified-Mortgage, also known as a Non-QM loan, is a form of mortgage loan that does not meet the government-sponsored enterprise (GSE) requirements for a qualified mortgage. Borrowers who fail to meet the tight standards of a qualifying mortgage, such as those with irregular income or a high debt-to-income ratio, are perfect candidates for this sort of loan.

Florida Reverse Home Loans

A Florida Reverse Mortgage, also known as a home equity conversion mortgage, is a type of loan available to homeowners typically aged 62 or older, allowing them to convert part of the equity in their home into cash. Unlike a traditional mortgage where the borrower makes monthly payments to the lender, a reverse mortgage pays the homeowner, either through a lump sum, monthly payments, or a line of credit.

Why Florida is 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 Payment

Why Florida Homebuyers are Choosing Capital Home Mortgage

Choosing a direct lender for your home loan comes with several key benefits that can make the entire process smoother and more efficient. Here’s why Capital Home Mortgage stands out:

Close On Time

Complete control from application to funding ensures that we can underwrite loans quickly, make faster decisions, and close on time. This flexibility and efficiency are often unavailable through traditional mortgage brokers who rely on third parties.

Low Rates & Low Fees

As a direct lender, we offer competitive rates and low fees. Our options include FHA, USDA, and VA government loans, as well as 30-year, 20-year, and 15-year fixed-rate conventional mortgages. This variety allows us to cater to different financial needs and goals.

Exceptional Service

7-day-a-week support from application to final payment. Our team of consummate mortgage professionals is committed to providing excellent customer service, ensuring that every step of the process is handled with care and expertise.

By choosing Capital Home Mortgage, you’re opting for a lender that prioritizes both efficiency and personalized service, making your home-buying journey as seamless as possible.

Florida Mortgage Company Reviews

Florida Mortgage Team

Dale Gremillion

Sr Loan Officer

NMLS #210325

Conor Hayhurst

Branch Manager

NMLS #743506

Amanda Ravallo

Sr Loan Officer

NMLS #1702894

Florida Mortgage Programs

Florida Home Purchase loans

Looking to Purchase a Florida 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, 2nd Home, Investment
Low Rates & Fees, No fee Options
FHA, VA, USDA, Native American
Conventional, Jumbo & Renovation
Manufactured, Construction, Reverse

Florida Renovation Home Loans

Looking to Rehab a Florida Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not a renovation loan? Purchase the Perfect Home and make it your own.

Remodel, Renovate or Repairs
FHA 203K Streamline
FHA Full Documentation Rehab
Fannie Mae Homestyle Reno
Freddie Mac Home Choice Reno

Florida FHA Home loans

Great 1st Time Florida 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 Payments
Flexible Underwriting Guidelines
Higher Debt to Income Allowed
Lower Credit Scores – Down to 500
Down Payment Gifts Allowed

Florida va Home Loans

100% Financing for Florida Vets

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.

No Mortgage Loan Limits
Simple Qualifying
Higher Debt to Income Allowed
Lower Credit Scores – Down to 500
Manual Underwriting Allowed

Florida Conventional Home loans

Flexibility for Florida 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
Single and Multi-Family Properties
Variable Mortgage Insurance Options
Low Rates & a Variety of Terms
Renovation Programs Available

Florida Jumbo Home Loans

Florida Non-Conforming Home Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits. Call today.

Primary & 2nd Homes
Variety of Mortgage Programs
Simple Qualifying for Veterans
Investor Specific Guidelines
Credit Score Minimums

Florida USDA Home loans

100% Rural Florida 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.

Primary Residences
No Down Payment Required
New Manufactured Homes Allowed
Closing Costs / Repairs Rolled In
Geographic and Income Limits Apply

Florida Native american Home Loans

Florida 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
Purchase, Refinance, and Renovation

Florida Manufactured Home loans

Great Florida Alternative Housing

Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.

Existing Purchase or Refinance
New Construction
One Time Close Land/Home Combo
Lock at Contract
FHA, VA, USDA, Native American

Florida Reverse Mortgage Loans

Your Florida 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
No Credit Score Requirements
Minimum Age 62
Purchase, Refinance, and Cash-Out

Florida Non QM Home loans

Making Florida Mortgages Possible

Looking for Non Traditional Home Mortgage Loan? Contact a Loan Officer Today to discuss the alternative mortgage options currently available.

Purchase, Refinance & Cash-out
Primary, Secondary, Investment
Full Doc Programs
Alt Doc Programs
Corporations OK

Florida Construction Home Loans

Build Your Florida 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 Residences Only
One Time Close
Lock Rate at Closing
Traditional Final Mortgages
No Payments During Construction

Florida Refinance Mortgage loans

Florida 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.

Lower Monthly Payment
Shorten Mortgage Term
Streamline Options Available
Appraisal Waivers Allowed
VA IRRRL’s

Florida Cashout Mortgage Loans

Florida 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
Dream Vacation
Higher Education