Purchase Home Loans
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Purchase Home Mortgages
Welcome to Capital Home Mortgage. As a Purchase Mortgage Lender we are dedicated to provide homebuyers with Purchase Home Loans at competitive Purchase Mortgages Rates with low fees while ensuring outstanding customer service. We understand that a Home Purchase can be stressful and is one of the biggest decisions in most peoples lives. That is why we provide dedicated points of contacts to guide buyers through the home buying process while educating them on the different types of home purchase loans in. 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.
Whether you are a first-time home buyer seeking a FHA Purchase Loan, looking at a rural property and needing a USDA Purchase Loan, a Native American Purchase Loan, an active duty or retired veteran in need of VA Purchase Loan, or a seasoned buyer in need of a Conventional Home Loan, we can help.
Capital Home Mortgage is a Purchase Mortgage Lender that manages the entire lending process from application to the funding. Our in-house processing and underwriting enables for quick, common sense approvals and timely closings.
Call today (800) 804-5181 to talk to one of our Purchase Loan Officers. Spanish is available at (800) 501-2131.
Purchase Mortgage Rates
Purchase Home Loans
Capital Home Mortgage offers a variety of Mortgage Programs with competitive Purchase Mortgage Rates. A brief summary is below as well as key points to understand in the home buying process.
- Down Payment: The initial payment made towards the purchase of the home, usually calculated as a percentage of the total purchase price.
- Interest Rates: The rate at which the lender charges you to borrow the money. Rates can be fixed (unchanging throughout the loan term) or adjustable (fluctuating over time).
- Loan Term: The duration of the loan, commonly 15 or 30 years, though other terms may be available.
- Closing Costs: Fees associated with finalizing the mortgage, including loan origination fees, appraisal fees, title insurance, and more.
- Pre-Approval vs. Pre-Qualification: Pre-qualification is an initial assessment of your ability to qualify for a loan based on self-reported information. Pre-approval involves a lender’s detailed review of your financial information and credit score to determine the specific loan amount you’re eligible for.
- Credit Score: A major factor in determining loan eligibility and interest rates. Higher credit scores often lead to lower interest rates.
- Private Mortgage Insurance (PMI): Required for conventional loans with less than a 20% down payment, PMI protects the lender in case the borrower defaults on the loan.
- Home Appraisal: Conducted by a professional to determine the fair market value of the property being purchased.
Purchase Mortgage Loans
Capital Home Mortgage is a full-service Mortgage Lender that offers a complete line of home loans. Whether you are a first-time purchaser seeking a FHA Home Loan, looking for a rural property and wanting a USDA Home Loan, a Native American wanting to use the HUD 184 Native American Home Loan, an active or retired veteran in need of a VA Home Loan, wanting to purchase that dream home over conforming limits with a Jumbo Home Loan, a seasoned buyer in need of a Conventional Home Loan or looking for alternative financing with a Non QM Home Loan we are here to assist. Call today (800) 804-5181 to talk to one of our Loan Officers.
FHA Purchase Home Loans
1st Time 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
A FHA Purchase 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 US FHA home loan is consistent employment history and documented income.
VA Purchase Home Loans
100% Home Mortgages
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
A VA Purchase Home Mortgage is a mortgage option for qualified veterans, active-duty service members, and select surviving spouses. 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.
USDA Purchase Home Loans
100% Rural Home Mortgages
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
A USDA Purchase 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.
Native American Purchase Home Loans
Hud 184 Home Mortgages
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
A Native American Purchase Home Mortgage, also known as a HUD 184 Home Loan, is a government mortgage loan specifically for registered Tennessee Native Americans. This loan offers easier credit qualifications, tribal grants and can be used to renovate the home along with the purchase.
Conventional Purchase Home Loans
Flexibility for Buyers
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
A Conventional Purchase 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.
Jumbo Purchase Home Loans
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.
- Primary & 2nd Homes
- Variety of Mortgage Programs
- Simple Qualifying for Veterans
- Investor Specific Guidelines
- Credit Score Minimums
A Jumbo Purchase 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).
Non Qualified Purchase Home Loans
Making 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
A Non-Qualified Purchase Home 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.
Purchase Manufactured Home Loans
Alternative Affordable 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
A 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 a Manufactured Home Mortgages.
Purchase Renovation Home Loans
Renovating a 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
Want a new US 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 US offer all types of Renovation Purchase Home Mortgage 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.
One Time Close construction Purchase Home loans
Build Your 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
One Time Close Construction Purchase Home Mortgage 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.
Home Purchase Loans
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.
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- Primary, Secondary, Investment
- FHA, VA, USDA, Native American
- Conventional, Jumbo, Non QM
- Reverse, Renovation, Manufactured
Fixed Rate Mortgage Loans
All Fixed Rate Mortgage Loans are designed to have equal payments for the specified term. These loans offer predictability and are deemed to be less risky for borrowers. Fixed Rate Mortgage Loans are available with all mortgage products and are typically offered in 15 year and 30 year terms. However, Fixed Rate Mortgage Loans are also offer in 10 year, 20 year and 25 year terms although less common due to demand.
Adjustable Rate Mortgage Loans
Adjustable Rate Mortgage Loans known as ARM’s are available with most mortgage products although limited with FHA, VA and USDA. ARM’s are great fit for homebuyers who plan to sell or refinance their home between 1 and 10 years and are looking for the lowest possible payment. ARM’s offers lower rates during times where fixed rates are higher. An adjustable rate mortgage is fixed for a specific time then adjusts on a predetermined time period and a predetermined amount based on a financial index and a fixed margin.
Purchase Home Mortgages FAQs
How much do I need to have saved up before I start looking?
- A lot of home buyers don’t realize that saving for a home is more than just getting ready to make a down payment.
- Down Payment: No Private Mortgage Insurance (PMI) is required for 20% down, although most programs require between 3% and 5% down (0% for qualified VA/USDA clients).
- Closing Costs: These are usually paid at closing and include origination, appraisals, title searches, escrows and usually total 2% to 5% of the purchase price.
- Cash Reserves: Usually required 2-3 months after closing.
Pre-approved vs. Pre-qualified: What’s The Difference?
- Pre-qualification is a ballpark figure based on the numbers you give them. Good for rough budgeting.
- Pre-Approval Your lender will evaluate your paystubs, tax documents, bank statements and credit score.
What will my monthly payment really be?
- Principal & Interest The main part of the loan payment.
- Escrow: The lender collects your property taxes and homeowners insurance from you periodically, and pays them for you.
- PMI / HOA Fees: Included if down less than 20% or purchase in managed area
What credit score do you need to get approved?
- Conventional Loans: Usually require a minimum score of 620.
- FHA Loans: 580 minimum with 3.5% down (or 500-579 with 10% down).
- VA Loans: The government doesn’t set a minimum, Capital Home Mortgage minimum score is 500.
- USDA Loans: The government doesn’t set a minimum, Capital Home Mortgage minimum score is 620.
- HUD184 Loans: No minimum credit score requirement.
How much housing can I really afford?
- Lenders recommend that your overall housing costs (principal, interest, taxes, insurance, HOA) be 28 to 31 percent of your gross monthly income and your total loan obligations be 36 to 43 percent. Total Debt (new mortgage +creditcards +vehicle loans +student loans) These are guides are frequently exceeded on most mortgage programs.
Do I get a 30 year fixed, a 15 year fixed or an ARM?
- 30 Year Fixed: Most popular option, lowest monthly payment, long term financial security.
- 15-Year Fixed: You will pay more each month, but you will pay off the house in half the time, and you will save tens of thousands in interest because of the lower rates.
- Adjustable-rate mortgage (ARM): Has a low initial rate for a specific time period (such five or seven years) and then changes periodically dependent on market conditions.
Private Mortgage Insurance (PMI) - Is it Removable.
- PMI protects the lender in the event of your default on the loan. Most loans will require PMI if you don’t put down at least 20%.
- It is usually between 0.5% and 1.5% a year on the amount you have borrowed.
- You can get rid of PMI when you have 20 % equity in your dwelling , either through payments or appreciation of the residence .
Should I buy mortgage points?
- Discount points are costs paid in advance to the lender at closing to “buy down” your interest rate.
- One point is 1% of your loan amount and will normally cut your interest rate by 0.25%.
- Worth it? Only if you are going to live in the home long enough to reach the “break even point”, (when the monthly savings exceeds the original cost of the points).
Traditional Loan comparisons?
| Loan Program | Min. Down Payment | Min. Credit Score | Best For | Mortgage Insurance |
| Conventional | 3% | 620 | Buyers with good credit & standard savings | Removable at 20% equity |
| FHA | 3.5% | 500 10% / 580 3.5% | Lower credit scores or higher debt ratios | Permanent (for life of loan if <10% down) |
| VA | 0% | 500+ | Active military, veterans, surviving spouses | None (requires one-time funding fee) |
| USDA | 0% | 620 | Low-to-moderate-income buyers in rural areas | Low annual fee |
| HUD184 | 2.25% | N/A | Native Americans – Federally Recognized Tribe | None (requires one-time funding fee) |
What steps happen between finding a house and getting the keys?
| Phase | Main Goal | Key Question Asked |
| 1. Offer Accepted | Secure the contract with an Earnest Money Deposit (1–2%). | “Is my earnest money deposit refundable if I change my mind?” |
| 2. Due Diligence | Perform professional home, pest, and system inspections. | “Can I walk away or negotiate repairs based on the inspection report?” |
| 3. Underwriting & Appraisal | Bank confirms the home’s value and finalizes the loan. | “What happens if the appraisal comes in lower than my offer?” |
| 4. Closing | Sign legal documents, transfer final funds, and take ownership. | “When do I officially get the keys to move in?” |
Why Home owners Choose Capital Home Mortgage
Close On Time
Complete Control
Application to Funding
Competitive Rates & Fees
Direct Lender
Full Line of Programs
Exceptional Service
Customer Support
Application to Final Payment
Capital home Mortgage Company Reviews
Home Mortgage Programs
Home Purchase Loans
Looking to Purchase a 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
- Competitive Rates & Fees, No fee Options
- FHA, VA, USDA, Native American
- Conventional, Jumbo & Renovation
- Manufactured, Construction, Reverse
Renovation Home Loans
Looking to Rehab a 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
FHA Home Loans
Great 1st Time 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
VA Home Loans
100% Financing for 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
Conventional Home Loans
Flexibility for 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
Jumbo Home Loans
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
USDA Home Loans
100% Rural 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
Native American Home Loans
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
Manufactured Home Loans
Great 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
Reverse Mortgage Loans
Your 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
Non QM Home Loans
Making 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
One Time Close Home Loans
Build Your 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
Refinance Mortgage Loans
Rate & Term Refinance
Refinancing can be a hard decision and may result in finance charges that may be higher over the life of the loan. Consult with your loan advisor for details.
- Lower Monthly Payment
- Shorten Mortgage Term
- Streamline Options Available
- Appraisal Waivers Allowed
- VA IRRRL’s
Cashout Mortgage Loans
Equity Mortgage Loans
Cash-Out Mortgage Loans make use of the equity in your home. Refinancing may result in finance charges that may be higher over the life of the loan. Consult with your loan advisor.
- Debt Consolidation
- Investment Opportunities
- Home Improvement
- Dream Vacation
- Higher Education
State Specific Mortgage Information