Capital Home Mortgage Abilene
Abilene Home Loans
Abilene Mortgage Lender
Home Loans In Abilene, TX
Abilene is a city in Texas with a population of 123,182 at the 2020 census, making it the 27th-most populous city in Texas. The housing market in Abilene is somewhat competitive, scoring 63 out of 100. The average house price in 2021 was $220,000, up 17% compared to the prior year.
Purchasing a home is a significant accomplishment. The numerous benefits make it all worthwhile. Still, a reasonable mortgage does not come by chance. It would be best if you put in the work to deserve one.
How To Boost Your Qualifications For A New Home Loan
These few simple tips will increase your chances of finding an affordable mortgage that meets your needs and ensure that you get the best deal possible when financing your home payments.
Improve Your Credit Score
A higher credit score means you’re more likely to be approved for a better loan. Your FICO score, which measures your propensity to repay debt, is between 300 and 850. Anything less than 620 is a low score. The average FICO score is between 640 and 680, while anything more significant is deemed excellent. Aim for a score of 750-850 for the best results.
The most straightforward way of improving your credit score is to repay as many debts as possible. You can apply your tax refund toward your mortgage or refinance your credit card debt with a personal loan to improve your credit score. Also, don’t forget to request your credit report. This will help you identify and correct any errors in your credit history so that you can raise your score faster.
Reduce Your Debt-to-Income Ratio
One of the best methods of improving your attractiveness to lenders is to reduce your debt-to-income (DTI) ratio. You can calculate your DTI by dividing your monthly debt payments by your monthly income. For instance, if you earn $4,000 per month and pay $2,000 per month in debts, your DTI is 50%.
Lenders generally prefer a DTI of 43% or less. You can reduce your DTI by repaying debts and increasing your total income when you can.
Save As Much As Possible
Having enough funds to close on your home loan is a precondition to getting approved for a mortgage. Besides having enough funds to close, you should also show a health reserve. The more reserve you have, the higher the chance of getting approved.
Abilene, Texas Mortgage Lender
It can be challenging to improve your chances of securing a mortgage, but at Capital Home Mortgage, we have a team of experts who know the ins and outs of the mortgage process. We’ve helped a lot of people get into their ideal houses, and we’re eager to help you, too.
Why Choose Us
Capital Home Mortgage offers a wide range of mortgage products, including FHA, VA, USDA, conforming conventional, jumbo, and non-qualified mortgage loans.
As a direct mortgage lender, we have complete authority over the lending process. Our simplified workflow allows us to provide our clients with competitive rates, fair fees, as well as a stress-free home-buying experience.
Please work with us and see for yourself why we’re one of the best in the industry! Thank you again for your interest in our services, and we look forward to providing your next Abilene mortgage loan. Call us at 325-387-8387; you’ll be glad you did!
Why Abilene is Choosing Capital Home Mortgage...
Close On Time with True Approval
Control of the Loan from the Application to Funding.
Great Abilene Rates / Low Fees
Direct Mortgage Lender Providing Competitive Rates and Low Fees.
Abilene Customer Service
7 Day a Week Support from Application to Final Mortgage Payment.
Abilene Mortgage Rates
Capital Home Mortgage Abilene is dedicated to offering Great Abilene Mortgage Rates.
Call now to speak with a Loan Officer or request a no obligation custom rate quote.
Abilene Mortgage Loans
Abilene Home Purchase
Buying an Abilene Home?
- Primary, 2nd Home, Investment
- Low Rates & Low Fees
- Conventional, FHA, VA, USDA
- Jumbo, Renovation, Manufactured
Abilene Renovation Home Loans
Abilene Rehab Loans
- Remodel, Renovate or Repairs
- FHA 203K Streamline or Full
- Fannie Mae Homestyle Reno
- Freddie Mac Home Choice Reno
Abilene FHA Home Loans
1st Time Abilene Homebuyers
- Smaller Down Payment
- Flexible Underwriting
- Higher Debt to Income Ratios
- Lower Credit Scores – Down to 500
Abilene VA Home Loans
100% Loans for Abilene Veterans
- Simply Qualifying for Veterans
- No Down Payments Requirements
- Credit Scores Down to 500
- Manual Underwriting Allowed
Abilene Conventional Home Loans
Flexibility for Abilene Buyers
- Primary, 2nd Home, Investment
- Great Rates & Low Fees
- Single Family and Multi-Family
- Renovation Loan Programs
Abilene Jumbo Home Loans
Great Abilene Rates
- Primary Residence and 2nd Homes
- Higher Loan Amounts – 3 Million
- Great Interest Rates
- Investor Specific Guidelines
Abilene USDA Home Loans
Abilene Rural Properties
- Rural Properties Only
- Primary Residence Only
- New Manufactured Homes Allowed
- Closing Costs Can Be Rolled In
Abilene Native American Loans
Abilene HUD 184 Loans
- Primary Residence Only
- Manual Underwriting for All Loans
- No Credit Score Requirements
- Tribal Grants Allowed
Abilene Manufactured Home Loans
Abilene Mobile Homes
- Existing Purchase or Refinance
- One Time Close Combo Land & Home
- Lock Rate Before Completion
- FHA, VA, USDA, & Native Loans
Abilene Reverse Mortgages
Your Abilene Home at Work!
- Primary Residence Only
- Simple Qualifying – Equity Based
- Credit Scores Not Applicable
- Minimum Age 62
Abilene Mortgage Refinance
Abilene Cash-out or Rate and Term
- Reduce Mortgage Term
- Lower Monthly Payments
- Debt Consolidation
- Streamline Options Available
Abilene Non Qualified Mortgage
Making Abilene Mortgages Possible
- Purchase, Rate and Term & Cash-out
- Primary, Secondary and Investment
- Full Doc & Bank Statements Programs
- Corporations OK