Capital Home Mortgage Grand Folks

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Home Loans In Grand Forks, North Dakota 

Are you considering homeownership in Grand Forks, North Dakota? This charming city is the third-largest in the state and is home to the University of North Dakota (UND). As a college town, the housing situation typically fluctuates with the influx and exodus of students studying at the university. 

However, homeownership here does present some great benefits. Home appreciation in Grand Forks has gone up to around 37.0% over the last decade

If you’re ready to make a move, you’ll need the right financing partner. At Capital Home Mortgage, we provide a full-service lineup of home loans and mortgage products for residents of Grand Forks, ND. Let’s walk you through the main things to consider when applying for home purchase financing. 

What To Consider Before Applying For A Home Loan In Grand Forks, ND

Lenders look at several factors when evaluating applications for mortgage products. Understanding these considerations now saves you time down the line and improves your chances of getting approval on your application. 

  • Your Income

Lenders will first want to know how much you bring in every month. They want the assurance that you have enough income to cover your mortgage payments and your other monthly expenses. 

You’ll need to present relevant documents to support your income information, such as payment slips, bank statements, tax returns, etc. 

  • Your Credit Score

Your credit score tells lenders how well you have managed credit in the past. A high credit score also shows that you have made repayments on time and are, therefore, a reliable borrower. 

You’ll want to have a good credit rating before applying for a home loan. The higher the score, the better the chances of your application being approved. Most conventional loan lenders require a minimum FICO® Score of 620 points.

  • Your Debt-To-Income (DTI) Ratio

The DTI ratio measures how much your monthly income goes into debt servicing. This figure is expressed in percentages. It tells lenders about your current debt obligations and whether you still have enough money to pay the mortgage. 

  • Your Assets

If you’re a first-time borrower, having assets that you can use to secure your loan can significantly improve your likelihood of getting pre-approved. 

It assures lenders that you will be able to continue making your mortgage payments even in the event of a financial emergency. 

Grand Forks, ND Mortgage Lender

Capital Home Mortgage offers an extensive range of mortgage products at competitive rates and low fees. These include Conventional, FHA, Jumbo, VA, One-Time Close Construction, and Native American home loans

We oversee the entire loan process from application to funding and make all decisions. This enables us to deliver a more streamlined home financing process from start to finish. Ultimately, our goal is to make your home buying experience in Grand Forks as smooth and stress-free as possible. 

Find the Right Home Loan For You!

Today, contact our experienced loan officers at Capital Home Mortgage Grand Forks, ND. We’re happy to provide direction regarding what home loan products suit your needs and answer any questions about the application and approval processes. 

Call us at (701) 347-2822 to get started with a quick, no-obligation quote. Let us help you own that dream house today.

Why Grand Folks is Choosing Capital Home Mortgage...

Close On Time with True Approval

Control of the Loan from the Application to Funding.

Great Grand Folks Rates / Low Fees

Direct Mortgage Lender Providing Competitive Rates and Low Fees.

Grand Folks Customer Service

7  Day a Week Support from Application to Final Mortgage Payment. 

Grand Folks Mortgage Rates

Capital Home Mortgage Grand Folks is dedicated to offering great Grand Folks 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.

Grand Folks Mortgage Team

Dale Gremillion

Managing Director
NMLS 210325

Conor Hayhurst

Managing Director
NMLS 743506

Brad Rund

Director Native Lending
NMLS 1702894

Matt Williams

Loan Officer
NMLS 1945867

Grand Folks Mortgage Programs

Grand Folks Home Purchase

Buying a Grand Folks Home?

  • Primary, 2nd Home, Investment
  • Low Rates & Low Fees
  • Conventional, FHA, VA, USDA
  • Jumbo, Renovation, Manufactured

Grand Folks Renovation Home Loans

Grand Folks Rehab Loans

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

Grand Folks FHA Home Loans

1st Time Grand Folks Homebuyers

  • Smaller Down Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores – Down to 500

Grand Folks VA Home Loans

100% Loans for Grand Folks Veterans

  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Credit Scores Down to 500
  • Manual Underwriting Allowed

Grand Folks Conventional Home Loans

Flexibility for Grand Folks Buyers

  • Primary, 2nd Home, Investment
  • Great Rates & Low Fees 
  • Single Family and Multi-Family
  • Renovation Loan Programs

Grand Folks Jumbo Home Loans

Great Grand Folks Rates

  • Primary Residence and 2nd Homes
  • Higher Loan Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines

Grand Folks USDA Home Loans

Grand Folks Rural Properties

  • Rural Properties Only
  • Primary Residence Only
  • New Manufactured Homes Allowed
  • Closing Costs Can Be Rolled In

Grand Folks Native American Loans

Grand Folks HUD 184 Loans

  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed

Grand Folks Manufactured Home Loans

Grand Folks Mobile Home Loans

  • Existing Purchase or Refinance
  • One Time Close Combo Land & Home
  • Lock Rate Before Completion
  • FHA, VA, USDA, & Native Loans

Grand Folks Reverse Mortgages

Your Grand Folks Home at Work!

  • Primary Residence Only
  • Simple Qualifying – Equity Based
  • Credit Scores Not Applicable
  • Minimum Age 62

Grand Folks Cash-Out Refinance

Grand Folks Equity Refinance

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Debt Consolidation
  • Streamline Options Available

Grand Folks Mortgage Refinance

Grand Folks Rate & Term Refinance

  • Purchase, Rate and Term & Cash-out
  • Primary, Secondary and Investment
  • Full Doc & Bank Statements Programs
  • Corporations OK

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