Home Loans In Southaven, Mississippi

Whether you’re a first-time homebuyer or a seasoned investor, the mortgage approval process can feel intimidating without a clear road map and an experienced team on your side.

Updated program guidelines, mortgage rate issues, and down payment criteria are just some of the factors to consider when obtaining mortgage financing for a new home or refinance.

How To Purchase A Home In Southaven

Unless you have hundreds of thousands of dollars lying around, taking out a mortgage would be your most accessible route to buying a home. Before making your way to a lender, you must understand the basics of how to get a mortgage in Southaven.

Here are the initial steps to getting a home loan:

• Pre-Qualify For A Home Loan

Before applying for a mortgage in Southaven, you’ll want to ensure that you’re financially prepared to buy a property. You should at least have stable income and employment and manageable debt.

Since a home loan is a huge responsibility, it would be good to get pre-qualified before applying. This way, you can have a clearer picture of your financial readiness to obtain a mortgage.

• Shop Around For Mortgage Options

After establishing financial stability, you can begin shopping for the best mortgage rates. Interest rates vary according to the lender, so it’s critical to shop around. The lower the rate, the less interest you will pay during the life of the loan.

At Capital Home Mortgage, we are committed to providing outstanding customer service while offering competitive home mortgage rates and low fees.

• Gather The Required Documents

When you submit your mortgage application to your lender, you will be required to furnish numerous documents. This information will assist your lender in determining whether you are financially qualified for a mortgage.

You will be required to demonstrate your income, employment, and identity and submit copies of recent tax returns and bank account statements. A few additional pieces of paperwork may be required if necessary. You will also need to consent to a credit check that your chosen lender will conduct.

• Get Pre-Approved

Getting pre-approved and taking the time to determine which type of mortgage is appropriate for you can help make the entire process go more smoothly. 

While many first-time homebuyers consider preapproval optional, it is one of the most critical phases in the home-buying process. Sellers are more likely to take you seriously when you have a preapproval letter with you when shopping for a home.

You can get pre-approved on the same day you submit all the requirements. The preapproval letter is usually valid for up to three months.

Southaven, MS Mortgage Lender

When looking for a mortgage in Southaven, you’ll likely encounter a variety of lenders, including both online and local institutions, each with its own set of benefits and advantages. Southaven mortgage lenders serve an extensive range of borrowers. From first-time homebuyers to seasoned investors.

Capital Home Mortgage offers a wide variety of home loan programs in the Southaven area. We are a full-service mortgage lender offering mortgage products from FHA loans, VA loans, USDA home loans, Conventional-conforming loans, Jumbo loans, to Non-Qualified mortgage loans.

We streamlined our process to better serve our clients. Our goal is to provide great rates with low fees and a stress-free home buying experience. We are committed to providing excellent customer service and ensuring a smooth transaction from application to closing.

Apply For A Southaven Home Loan

Are you looking to buy a property in Southaven or refinance your current mortgage? Obtaining a mortgage loan in Southaven does not have to be a complicated process.

Buying a home is a huge milestone, and Capital Home Mortgage can make the process easier and more enjoyable – just the way it should be. We are a full-service home mortgage company that offers a comprehensive range of mortgage options and is committed to providing our clients with unparalleled customer care.

Call us today at 281-674-7372 to talk with a mortgage loan officer or obtain a no-obligation quick quotation.