Capital Home Mortgage Abilene

Abilene Non Qualified Mortgages

Abilene Non Qualified Mortgage Lender

Abilene Non-Qualified Mortgage

It’s typical to encounter issues when applying for a mortgage with a traditional lender; these issues only stall the application process and ultimately result in your application being rejected. If you’re self-employed, your application might be rejected immediately, even if you have a high credit score and a long credit history. 

Capital Home Mortgage believes that not all borrowers who fail to meet lender requirements are high-risk. This is where our non-qualified mortgage options come in.

Qualified vs. Non-Qualified Mortgage

One of the main distinctions between qualified and non-qualified mortgages is the degree to which they adhere to consumer protections established by the Dodd-Frank Act and the Consumer Financial Protection Bureau (CFPB). These measures regulate interest rates and fees on home loans and require lenders to verify a borrower’s ability to repay the loan to avoid overborrowing.

A qualified mortgage (QM) conforms to the following criteria:

  • Review and verification of borrower’s income and debts
  • Negative amortization, interest-only loans, or balloon payments are not allowed.
  • Limited up-front fees, points, and annual percentage rate (APR).
  • A maximum loan term of 30 years.

Non-qualified mortgages (Non-QM) circumvent one or more of the guidelines mentioned earlier by employing alternative income verification methods to assist borrowers in obtaining mortgage approval. Non-QM comes in handy to those who have found their dream home but cannot meet qualified mortgage standards. They are ideal for: 

  • Self-employed borrowers;
  • High net-worth borrowers;
  • Rental-property investors;
  • Individuals with bad credit;
  • Foreign nationals;
  • Borrowers seeking an interest-only payment option.

Some common features of a non-qualified mortgage include the following:

  • Up to 40-year term 

Payments are spread over 40 years to lower monthly premiums, which could mean higher interest rates and overall mortgage costs.

  • Fewer documentation requirements

Use bank statements or even stated income instead of tax returns and pay stubs to prove your income, which requires less supporting documentation.

  • Higher maximum allowable DTI

You may still qualify for a non-QM loan even if your monthly debt payments amount to more than 43% of your gross income.

  • Jumbo loans

Originates mortgages that exceed the Fannie Mae and Freddie Mac limits of $647,200 for a single-family home.

  • Recent credit event loans

People who have recently experienced financial hardships, such as bankruptcy or foreclosure, have a shot at qualifying for non–QM mortgages.

Benefits and Drawbacks of Non-Qualified Mortgages

A non-QM mortgage has both benefits and drawbacks, just like any other type of loan. Weighing the following pros and cons of a Non-QM carefully will help you make a wise choice. 


  • Less stringent credit requirements 

One of the most significant advantages of non-QM loans is that they are available to people with low credit scores, allowing them to realize their goal of becoming homeowners.

  • Requires less documentation

They usually won’t require proof of income, tax returns, or W-2s. Non-QM lenders accept alternative proof of income such as bank statements, P&L statements, or proof of liquid assets.

  • More flexible loan terms

Loan terms greater than 30 years, interest-only payments, and negative amortization are possible with non-QM loans but not with QM loans.


  • Higher interest rates

Non-QM loans typically have higher interest rates and fees than QM loans because they pose a higher lending risk. 

  • Harder to find

Non-QM loans may have limited availability because not all mortgage lenders provide this option. You can search for non-QM lenders online and conduct research before making a decision.

  • Greater Risk of Default

Some QM loans, like interest-only loans, increase a borrower’s default risk.  

  • Higher Down Payments

Non-QM loans may have limited availability because not all mortgage lenders provide this option. You can search for non-QM lenders online and conduct research before making a decision.

We Offer Non-Qualified Mortgages in Abilene, TX

Capital Home Mortgage acknowledges that not all homebuyers fit the same profile. Even if you don’t bring in an ordinary income, we can still provide you with the financing you need to purchase a home or refinance your existing mortgage. 

Our team can also assist you in exploring and applying for other types of home loan products. We offer a wide selection of qualified and non-qualified mortgages to serve the varying needs of our clients. 

Want to know more about our non-qualified mortgage options? Call us today at (325) 387-8387 or apply online.

Why Abilene HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates & Low Fees

Exceptional Service

7  Day a Week Support Application to Final Mortgage Payment

Abilene Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness
Texas Mortgage Programs

Texas Home Purchase

Thinking of Buying a Texas 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, Secondary, Investment
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo, Non QM
  • Reverse, Renovation, Manufactured

Texas renovation home loans

Looking to Rehab a Texas Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not look at a renovation loan?  Purchase the Perfect Home and make it your own. Call today.

  • Remodel, Renovate or Repairs
  • FHA 203K Streamline or full
  • fannie mae homestyle reno
  • freddie mac home choice reno

Texas FHA Home Loans

Great for 1st Time Texas 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 Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores OK

Texas VA Home Loans

100% Financing for Texas Veterans

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.

  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Lower Credit Scores Accepted
  • Manual Underwriting Allowed

Texas Conventional Home Loans

Flexibility for Texas 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
  • Great Rates & Low Fees 
  • Single Family and Multi-Family
  • Renovation Loan Programs

Texas Jumbo Home Loans

Texas Non Conforming Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits.  Call today to speak to a loan officer.

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

Texas USDA Home Loans

100% Rural Texas 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.

  • Rural Properties Only
  • Primary Residence Only
  • Geographic Restrictions
  • Income REstrictions

Texas Native American Home Loans

Texas 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

Texas Manufactured Home Loans

Great Alternative Texas Housing

Texas reverse mortgages

Your Texas 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
  • credit scores not applicable
  • Minimum age 62

Texas Non QM Home Loans

Making Texas Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.

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

Texas One Time Close mortgages

Build Your Texas 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 Residence Only
  • Close Once
  • Lock Rate at Contract
  • Traditional Final Mortgage

Texas Refinance Mortgage Loans

Texas 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.

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Appraisal Waivers
  • Streamline Options Available

Texas Cash-out Home mortgages

Texas 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
  • Vacation or Education

Abilene Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

Jordan Mowrey

SR Loan Officer
NMLS 210325

Abilene Mortgage Company Reviews

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