Memphis FHA Mortgage Lender
Capital Home Mortgage Memphis welcomes you as a dedicated FHA mortgage lender in the Memphis area, committed to providing homeowners and prospective buyers with FHA mortgage loans that feature competitive rates and minimal expenses, all while ensuring exceptional customer service. Whether you are a seasoned buyer, a first-time home purchaser, or seeking to acquire property in urban or rural settings, a Memphis FHA Home Mortgage may be the perfect solution. Recognizing that purchasing a home is often regarded as one of the most significant decisions in life, Capital Home Mortgage Memphis assigns specific points of contact throughout the mortgage process. This approach ensures a seamless experience and facilitates timely closings.
Capital Home Mortgage Memphis works as a direct FHA mortgage lender in Memphis and manages the entire loan process from inception to completion. Our in-house underwriting and processing capabilities facilitate swift and reasonable approvals, ensuring timely closings. We control all aspects, including the funding and application procedures.
Call today (615) 549-5666 to talk to one of our Memphis Loan Officers.
Memphis FHA Mortgage Rates
What is A Memphis FHA Loan?
Founded in 1934, the Federal Housing Administration (FHA) has played a vital role in helping American families secure housing. The FHA home loan program remains indispensable for the economy, promoting affordable homeownership today. FHA loans are popular among homebuyers in Memphis and the U.S., particularly those with lower credit scores or limited down payment options. Loan rules can vary by county, affecting maximum loan amounts based on property location. For current FHA loan limits in Memphis counties, contact us today. Memphis FHA loans typically require a lower down payment than conventional loans. The minimum down payment for an FHA loan is 3.5% of the home purchase price. Memphis FHA loans are also known for being more lenient with credit score requirements than 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 necessitate the inclusion of mortgage insurance, which is comprised of an initial premium payable at closing and a recurring annual premium disbursed monthly. This mortgage insurance safeguards the lender if the borrower fails to fulfill the loan obligations. In addition, properties financed through FHA loans are required to adhere to specific criteria established by the FHA. These criteria encompass fundamental safety and habitability standards. FHA appraisers evaluate the property to confirm compliance with these established benchmarks.
Consult our FHA home loan specialist for the most recent details on FHA home loans in Memphis, as loan conditions and regulations are subject to change.
Memphis FHA Purchase Loans
Individuals purchasing a home for the first time, those with suboptimal credit ratings, and applicants with elevated debt-to-income ratios are all eligible for Memphis FHA loans. The Federal Housing Administration (FHA) employs more accommodating underwriting criteria than other mortgage loan programs, as its primary objective is to enhance the accessibility of homeownership. This leniency in FHA guidelines facilitates the loan qualification process, thereby reducing the obstacles to attaining homeownership.
- Simple Qualifying
- Smaller Down Payment
- Seller Paid Closing Costs
- Flexible Underwriting
- Higher Debt to Income Ratios
- Lower Credit Scores Allowed
- Manufactured Housing OK
Memphis FHA Refinance Loans
A streamline refinance offered by Memphis FHA Loans reduces the interest rate, decreases monthly payments, or shortens the loan term. Depending on the specific terms chosen, this refinancing option may require either minimal or comprehensive documentation. Alternatively, a cash-out refinance is another FHA option that allows homeowners to tap into their property’s equity.
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
Memphis FHA Renovation Loans
Memphis FHA 203(k) offers both Streamline and Full Rehabilitation Loans. This is a great option for first-time Texas 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 Memphis FHA Home Loan Now with Capital Home Mortgage
Given the ongoing fluctuations in mortgage interest rates, now is an advantageous time to consider purchasing property. Numerous individuals can still qualify for financing via a Memphis FHA home mortgage, even if their credit histories have some blemishes. If you have any questions, our team of Memphis FHA loan experts at Capital Home Mortgage is here to help you assess whether an FHA loan is suitable for your situation. Call today (615) 549-5666 to talk to one of our Memphis FHA Loan Officers.
Why Memphis 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
Memphis Mortgage Company Reviews
Memphis Mortgage Team
Memphis Mortgage Programs
Memphis Purchase loans
Looking to Purchase a Memphis 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
Memphis Renovation Home Loans
Looking to Rehab a Memphis 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
Memphis FHA Home loans
Great 1st Time Memphis 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
Memphis va Home Loans
100% Financing for Memphis 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
Memphis Conventional Home loans
Flexibility for Memphis 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
Memphis Jumbo Home Loans
Memphis 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
Memphis USDA Home loans
100% Memphis 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
Memphis Native american Home Loans
Memphis 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
Memphis Manufactured Home loans
Great Memphis 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
Memphis Reverse Mortgage Loans
Your Memphis 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
Memphis Non QM Home loans
Making Memphis 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
Memphis One Time Close Home Loans
Build Your Memphis 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
Memphis Refinance Mortgage loans
Memphis 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
Memphis Cashout Mortgage Loans
Memphis 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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