Charleston FHA Mortgage Lender
Welcome to Capital Home Mortgage Charleston, a Charleston FHA Mortgage Lender, that strives to provide Charleston homebuyers and homeowners Charleston FHA Home Loans at competitive Charleston FHA Mortgages Rates with low fees while ensuring outstanding customer service. Whether you are a first time home buyer, looking to purchase in the city or country, or a repeat buyer a Charleston FHA Home Mortgage might be right for you. We understand that purchasing a home is the most important decision of most people’s life, which is why Capital Home Mortgage Charleston offers dedicated points of contact throughout the mortgage process. This assures a stress-free experience resulting with an on-time closing.
Capital Home Mortgage Charleston is a direct Charleston FHA 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. We have complete control over everything from the application to the funding process.
Call today (615) 549-5666 to talk to one of our South Carolina Loan Officers.
Charleston FHA Mortgage Rates
What is A Charleston FHA Loan?
FHA stands for Federal Housing Administration has been helping American families secure housing since 1934. And this commitment to affordable homeownership lives to this day through the FHA home loan program, which plays an indispensable role in the country’s economy.
FHA home loans are a popular option for homebuyers in Charleston and across the United States, particularly for those who may have lower credit scores or smaller down payments. FHA loan limits vary by county and are subject to change. These limits determine the maximum loan amount borrowers can qualify for based on the location of the property. Contact us today to find out your current FHA loan limits for Charleston counties.
Charleston FHA loans is that they typically require a lower down payment compared to conventional loans. The minimum down payment for an FHA loan is 3.5% of the home purchase price. Charleston FHA loans are known for being more lenient with credit score requirements compared to some conventional loans. While there isn’t a specific minimum credit score required, borrowers with lower credit scores may still be eligible. Lenders may consider other factors, such as the borrower’s debt-to-income ratio.
FHA loans require mortgage insurance, which consists of both an upfront premium at the time of closing and an annual premium paid monthly. The mortgage insurance helps protect the lender in case the borrower defaults on the loan.
The property being financed with an FHA loan must meet certain standards set by the FHA. This includes basic safety and livability requirements. FHA appraisers will assess the property to ensure it meets these standards.
It’s important to note that loan terms and requirements can change, so its important to speak with a for the most up-to-date information on FHA home loans in Charleston.
Charleston FHA Purchase Loans
Charleston FHA Loans are mortgage loans for 1st time homebuyers, buyers with limited credit, buyers with less than perfect credit and buyers with higher debt to income ratios. As the goal of FHA is to make homeownership more attainable, FHA underwriting guidelines are less strict than other mortgage loan programs. The FHA flexibility allows for easier loan qualification making the barrier to homeownership less challenging.
- Simple Qualifying
- Smaller Down Payment
- Seller Paid Closing Costs
- Flexible Underwriting
- Higher Debt to Income Ratios
- Lower Credit Scores Allowed
- Manufactured Housing OK
Charleston FHA Refinance Loans
Charleston FHA Loans offers a streamline refinances that simply reduces the interest rate and lowers the payment or shortens the term of the loan. This rate and term option can be fully documented loans, or can be reduced documentation. The other FHA option is a cash-out refinance allowing homeowners the ability to access the equity in the property.
FHA Standard Refinance
- Appraisal Required
- 97.75% Max Loan to Value
- Closing Costs Can Be Rolled In
- 80% Max Loan to for Cash-out
- Cash-out Option Available
- County Loan Limits Apply
FHA Streamline Refinance
- FHA to FHA
- No Income Qualification
- No Appraisal Required
- Closing Costs Cannot Be Rolled In
- No Lates on Mortgage in Last Year
- Payment Must Drop on Fixed Rates
Charleston FHA Renovation Loans
Charleston FHA offers both a Streamline and Full Rehabilitation Loans. This is a great option for 1st time South Carolina home buyers looking to purchase a home that needs a little TLC.
- Purchase & Refinance Options
- Primary Residences Only
- Single, Multi Family & Condo’s
- As-Is Improved Renovated Value
- 203K Streamline
- Less < 35K, Cosmetic Repairs Only
- 203K Full Rehab
- Greater > 35K, No Restrictions
Apply for a Charleston FHA Home Loan Now with Capital Home Mortgage South Carolina
Even with mortgage interest rates continuing to move, now is an excellent time to buy a home. Financing is possible with a Charleston FHA Home Mortgage for most people even with a few bumps on the credit history. Our Charleston FHA loan specialists at Capital Home mortgage can answer any questions and help you determine whether the FHA loan is the best choice. Call today (615) 549-5666 to talk to one of our South Carolina FHA Loan Officers.
Why Charleston is Choosing Capital Home Mortgage
Close On Time
Complete Control from Application to Funding
Low Rates & Low Fees
Direct Lender with Competitive Rates & Fees
Exceptional Service
7 Day a Week Support Application to Final Payment
Charleston Mortgage Company Reviews
Charleston Mortgage Team
Charleston Mortgage Programs
Charleston Purchase loans
Looking to Purchase a Charleston 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
Charleston Renovation Home Loans
Looking to Rehab a Charleston 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
Charleston FHA Home loans
Great 1st Time Charleston 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
Charleston va Home Loans
100% Financing for Charleston 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
Charleston Conventional Home loans
Flexibility for Charleston 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
Charleston Jumbo Home Loans
Charleston Non-Confirming 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
Charleston USDA Home loans
100% Charleston 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
Charleston Native american Loans
Charleston 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
Charleston Manufactured Home loans
Great Charleston 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
Charleston Reverse Mortgage Loans
Your Charleston 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
Charleston Non QM Home loans
Making Charleston 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
Charleston One Time Close Home Loans
Build Your Charleston 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
Charleston Refinance Mortgage loans
Charleston 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
Charleston Cashout Mortgage Loans
Charleston 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
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