Capital Home Mortgage Missouri
Missouri Conventional Home Loans
Missouri Conventional Mortgage Lender
Missouri Conventional Home Mortgages can be used to purchase primary, secondary and investment properties. In this way conventional loans differ from other types of mortgage loans by allowing for different property uses. Guaranteed by either Fannie Mae or Freddie Mac, conventional mortgages have different criteria and are ideal for borrowers who have higher credit scores. Subsequently, conventional mortgage loans usually require less documentation than VA Home Loans, FHA Home Loans or USDA Home Loans which makes for easier qualifying. Missouri Conventional Mortgage Rates are typically lower as the credit requirements are higher for conventional loans.
The factors considered when applying for Missouri Conventional Home Loans are the borrower’s financial history, income, credit score and down payment compared to the sales price of the home.The last item considered on Conventional Home Loans are the loan limits based on the county where the property is located. These are separated into conforming and high balance loan limits. For more information on a specific area please contact one of our licensed loan officers. Call today to speak to a licensed mortgage officer.
Why Missouri is Choosing Capital Home Mortgage...
Close On Time with True Approval
Control of the Loan from the Application to Funding.
Great Missouri Rates / Low Fees
Direct Mortgage Lender Providing Competitive Rates and Low Fees.
Missouri Customer Service
7 Day a Week Support from Application to Final Mortgage Payment.
Missouri Conventional Mortgage Rates
Capital Home Mortgage Missouri is dedicated to offering low Missouri Conventional Mortgage Rates and low fees all while providing exceptional customer service. Our mortgage professionals are focused solely on home mortgage lending to make your experience smooth with an on time closing. Call today to speak with a mortgage officer or request a no obligation quick rate quote.
Capital Home Mortgage Missouri Mortgage Team
Benefits of Missouri Conventional Home Loans
Conventional Purchase Loans are one of the most popular types of loans and a great choice for many home buyers. Conventional mortgages can be used to purchase any type of occupancy, while FHA, USDA, VA and Native American Loans are restricted to primary residence only. Conventional mortgages are great for borrowers that have higher credit scores and typically have easier qualifying.
Conventional Mortgage Benefits
- Freddie Mac and Fannie Mae Insured
- Primary, Second or Investment Property
- Single and Multi Family, Condo’s & Manufactured Homes
- Mortgage Insurance Options
- Lower Rates and Better Terms
- Maximum Loan Amount – $715,000
- Conforming High Balance – By Area
Conventional Mortgage Maximum Loan to Values
- Single Family – 95% First Time 97%
- Duplex – 85%
- Tri / 4 Plex – 80%
- Single Family – 90%
- Duplex – N/A
- Tri / 4 Plex – N/A
- Single Family – 85%
- Duplex – 75%
- Tri / 4 Plex – 75%